Armenian parliament rejects initiative on commission for Nairit

Armenian parliament rejects initiative on commission for Nairit

YEREVAN, February 26. /ARKA/. Armenian parliament majority has voted against the motion of ARF Dashnaktsutiun opposition party to include the initiative on a commission to study Nairit problems in the agenda.

Fifty-five were for and 44 deputies against discussing creation of a temporary commission for situation at Nairit in the parliament; one abstained from voting.

Head of the ruling Republican Party of Armenia faction Galust Sahakyan said before the vote that the party is not against setting up such a commission but, in the current situation, it will not serve the purpose neither in political nor in economic terms.

According to ARF Dashnaktsutiun’s motion, the commission should look into arrears of pay, the plant operations, negotiations with the Russian side about investments and “everything that is connected with the plant”. 

Nairit was the only plant in the Soviet Union producing chloroprene rubber. The plant was closed in 1989 for environmental reasons and resumed operating partially in 1992. 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. The plant operations were suspended in 2010. 

On December 25, 2013, Rosneft, Pirelli Tire Russia and Rosneft-Armenia signed a memorandum of understanding in Yerevan to set up a joint venture for butadiene-styrene rubber production. Armenia’s premier was cited as saying Rosneft was planning to invest 400 million dollars in construction of a new plant in Armenia. Russian ambassador to Armenia Ivan Volinkin said specialists from Nairit will get employment in the new plant.–0—

14:18 26.02.2014

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