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#REFINERY

Business

A $20 million oil refinery is being built in Armenia.

Construction of an oil products refinery is underway in Armenia's Ararat region with total investment in the project amounting to about $20 million, the Ministry of Economy reported.

04.03.2025, 14:41

Business

UAE company plans to set up oil refinery in Armenia

An investor from the UAE is interested in establishing an oil refinery in Armenia, said Lilit Haroyan, head of the Investment Promotion Center of Enterprise Armenia Fund.

07.01.2025, 11:26

Business

Government extends tax benefits for Armoil Company

The Armenian government has extended today a set of tax benefits granted earlier to the company Armoil, which plans to complete the construction of a refinery in the town of Yeghvard in the central province of Kotayk.

30.08.2018, 18:58

Business

Armoil to invest some $35 million in construction of refinery

The Armenian Armoil company will have invested 16.8 billion drams (around $35 million) in the construction of an oil refinery in the town of Yeghvard, the Minister of Economic Development and Investments Suren Karayan said at a government meeting on Thursday.

22.03.2018, 15:25

Business

ArmOil to commission oil refinery in 3-4 years

It will take the ArmOil company 3-4 years to commission an oil refinery in the town of Yeghvard in the central Kotayk province, economy minister Artsvik Minasyan told a last week Cabinet meeting, recalling that the company had been awarded already a 3-year VAT payment deferment in late 2015.

05.09.2016, 10:26

Business

ArmOil to invest $35 million in construction of refinery

Armenian ArmOil company will invest 16.8 billion drams (about $35 million) in the construction of an oil refinery, economy minister Karen Chshmarityan said December 24.

25.12.2015, 10:29