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

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04.03.2025, 14:41

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.

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

YEREVAN, March 4. /ARKA/. 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.

The plant will produce some types of oil products and create more than 100 jobs. The investment program envisages phased construction of oil products and bitumen storage facilities, bitumen production shop, hydrocarbon raw materials processing unit.

The bitumen production will allow to meet not only Armenian, but also regional demand for this product.

Gevorg Papoyan, Minister of Economy, together with Eduard Sukiasyan, founder and Chairman of the Board of Sil Capital Company, familiarized with the preparatory work on the territory of the plant. -0-

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