Rosneft to unveil results of its exploration of prospects for re-launching Armenia’s Nairit soon

Rosneft to unveil results of its exploration of prospects for re-launching Armenia’s Nairit soon

YEREVAN, July 10. /ARKA/. Russia’s Rosneft will unveil within one month the results of its study aimed at exploration of room for re-launching Armenia’s Nairit chemical giant, Armenian Energy Minister Yervand Zakharyan told journalists on Thursday outside the government building.   


Dozens of people gathered today outside the government’s building demanding repayment of their accumulated outstanding salaries. Prime Minister Hovik Abrahamyan proposed them a meeting after the Cabinet session. 


“Russia’s Rosneft is now exploring room for launching the plant and is expected to release the results of its study within one month,” Zakharyan said. 


He also said that ways to settle the matter with employees are being searched now on the Armenian prime minister’s instructions.  


The plant workers said wages have not been paid over 16 months. 


“Studies will be completed in two or three months,” the minister said. “I am convinced that we will find ways to pay workers’ salaries.”


Nairit was the only plant in the Soviet Union to produce chloroprene rubber.  The plant was closed in 1989 for environmental reasons and resumed operating partially in 1992. 


In 2001, some production facilities were separated from the plant for producing chloroprene rubber and a debt-free enterprise based on them was established.  


In 2006, 90% of Nairit’s shares were sold to British Rainoville Property Limited for $40 million. The remaining 10% belong to the Armenian government. 


In late December 2013, Rosneft, Pirelli Tyre Armenia and Rosneft-Armenia signed a memorandum to produce butadiene-styrene rubber here.  


Earlier, former prime minister Tigran Sargsyan said that Rosneft wanted to invest $400 million in the new plant, and Russian Ambassador to Armenia Ivan Volinkin voiced hope that Nairit specialists would be in demand at the new enterprise. 


Rosneft has not backtracked on its investment program so far. 


Nairit’s outstanding payments totaled $12 million in November 2013. -0----


17:35 10.07.2014

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