Armenian government to set up commission to look into Nairit chemical plant

Armenian government to set up commission to look into Nairit chemical plant

YEREVAN, May 21. / ARKA /. The Armenian government intends to set up a commission to look into the situation at Nairit chemical plant in Yerevan and ways to resume its operation, Prime Minister Hovik Abrahamyan said today.

In 2006, 90% of Nairit’s shares were sold to British RHinoville Property Limited for $40 million. The remaining 10% belong to the Armenian government. RHinоville Property Limited was set up by Polish Samex, US Intertex and Russian Eurogaz. In April 2010 the plant stopped producing rubber. 

In late 2013 December Russian Rosneft, Pirelli Tyre Russia and Rosneft- Armenia signed in Yerevan a memorandum of understanding to establish a joint venture for production of butadiene- styrene rubber.

Armenia’s former Prime Minister Tigra Sarkisian said earlier this year that Rosneft planned to invest $400 million in construction of a new plant in Armenia. 

Hovik Abrahamyan told Armenian lawmakers today that Russian Rosneft did not disclaim the reported investment into Nairit plant.

He also said the energy and natural resources ministry was told to draw a timetable to pay off the back wages of the plant’s workers which stood at $12 million in 2013 November.

On February 26, the parliamentary majority rejected a proposal by the opposition Armenian Revolutionary Federation to set up an ad hoc commission to examine the situation at Nairit. -0-

19:19 21.05.2014

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