Zhoghovurd: Nairit to be sold to Russia

Armenian Energy Minister Armen Movsisyan announced in parliament yesterday that negotiations are underway with Russia’s Rosneft over the sale of Nairit plant. According to him, the results of the first three stages are positive and Rosneft intends to make the planned investments. The fourth stage is underway. It is expected to be completed in October. 

“We will start the sale process with Rosneft unless any problem emerges,” the Minister was quoted as saying by Zhoghovurd.