Newsfeed

Oppositionist: Interests and viewpoints of Stepanakert do not necessarily coincide with those of Yerevan

Ashot Manuicharyan: Armenian President's function is to answer "yes, sir!" and to go do it

Deputy Prime Minister of Azerbaijan criticizes the ICRC again

Nature protection minister charges to resolve problems of several tailing dumps on Syunik region

Official stance of VTB Bank OJSC and VTB Bank (Armenia) CJSC on U.S. sanctions

RPA member: Nagorno-Karabakh Prime Minister's statement had no message to negotiators

Ashot Manucharyan: Armenia may face chaos or isolation at any moment

Armenia joins World Day against Trafficking in Persons

Lake Sevan is among top ten attractions in post-Soviet preferred by Russian people

Leyla Yunus is at Prosecutor General's Office, Arif Yunus decides to "give up"

Pre-Parliament: The overarching goal for all Armenians is the formation of a representative government in Armenia

The OSCE is ready to assist in any way possible to stop the cease-fire violations in karabakh conflict zone, Andrzej Kasprzyk says

US Department of State: Media outlets of Armenia published inaccurate articles portraying religious minorities as criminals and spies

Levon Hayrapetyan loses consciousness on Wednesday morning

Public Services Regulatory Commission decides to reduce tariffs of some services of ArmenTel CJSC

Poaching and illegal hunting tours endanger birds in Armenia

The NKR premier: The Madrid Principles are certainly unacceptable to us

Armenian Copper Programme cuts blister copper production by 13.5%

VTB Bank (Armenia) confirms its leadership in lending

EY takes employees of Armenian ancestry back to their roots

Levon Hayraptyan's health much worse

Vahagn Hovnanyan: Oligarchs have full control of Armenian economy

John Heffern believes that Nagorno-Karabakh conflict can be resolved only through peaceful talks

In Oct 2014 Armenia to join UN peacekeeping operation in Lebanon

ICRC car fired at on Armenian-Azeri border

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Azerbaijan mounts another sabotage attack on Line of Contact, Armenian side has 1 victim and 2 wounded

Helsinki Citizens' Assembly Vanadzor Office urges Armenian Defense Ministry to look into military conscription of a kyphotic young man

Armenia suffers no losses during crossfire initiated by Azerbaijan on Armenian-Azeri border

OJSC NC Rosneft acquires all oil assets of Mika Limited in Armenia

  • by Alexandr Avanesov

  • Thursday, January 9, 18:32

There is unconfirmed information that OJSC NC Rosneft has acquired all the oil assets of Mika Limited in Armenia, a source close to oil business in Armenia told ArmInfo.  

According to the source, the Russian company has acquired not only the car-filling stations and oil bases, but also the offices of Mika Limited. So far, the information has not been confirmed officially.  Earlier, the owner of Mika Limited, a well-known businessman Mikhail Baghdasarov has announced an intention to sell all his assets, including the oil business.

Earlier on 23 President of Armenia Serzh Sargsyan received Igor Sechin, CEO of the biggest oil company in Russia, Rosneft. In the presence of President Sargsyan, Representatives of Rosneft, Pirelli Tyre Russia and Rosneft Armenia signed a Memorandum of Understanding to set up a butadiene-styrene rubber joint venture in Armenia.

Implementation of the project will allow setting up a modern butadiene-styrene rubber JV in Armenia. This type of rubber is used in production of 'green tires' and helps reducing vehicle fuel consumption.  Under the Memorandum, NC Rosneft comes out as the leading investor and shareholder of the enterprise and Pirelli jointly with Rosneft will be engaged in research and development activities in the field of the innovative rubber production. In addition, Pirelli expressed readiness to buy the finished products.

Igor Sechin, in turn, said "implementation of the project will restore the rubber industry and help foster economy of Armenia and upgrade its competitive abilities in the world market. Furthermore, this Memorandum another example of expanded relations of Armenia and Russia following ratification of the trade agreements between the two countries."

The press service of Rosneft reported earlier that as part of his visit to Armenia the company's President Igor Sechin and General Director of L.L.C. Rosneft-Armenia Artur Alaverdyan signed a contract for oil- products deliveries to Armenia within the framework of the joint venture, - L.L.C. Rosneft-Armenia - created on the 10th of December 2013 between Rosneft and its Armenian partner Oil Techno.

With the purpose of further deepening presence in the marketing value chain the companies started studying acquisition of assets in the sphere of wholesale and retail trade of oil-products, including oil-product storage capacities and an aircraft refueling business.

Mikhail Baghdasarov founded Mika Limited CJSC in 2001, as well as Hadrout Winnert SCJSC, and Mika- Karabakh CJSC jewelry production. Mika Armenia Trading Affiliated Company LLC acquired 100% stake in Armavia LLC and ArmSavingsbank's shares. According to Forbes, Baghdasarov was among top three richest persin in Armenia and top thirty influential representatives of the CIS business elite.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields