YEREVAN, NOVEMBER 25, NOYAN TAPAN. The Russian Ambassador to Armenia Vyacheslav Kovalenko on November 25 visited ArmRusgazprom company where he met with the company's staff. Karen Vardanian, Chairman of the Board and Director General of ArmRusgazprom, presented the company's activity and financial-economic indices, noting that the company is currently a leader by its authorized capital, assets, and fixed assets. In recent years its investment package exceeded 750 million USD, with main investments being made in two largest projects of strategic importance in the gas and energy sector: construction of the Iran-Armenia gas pipeline and modernization of the 5th power unit of the Hrazdan Thermal Power Plant. K. Karapetian pointed out the diversification and dynamic development of the business as the task of the company. In his words, their strategic goal is to become a gas and energy company of regional importance, as the current potential opens great opportunities for participation in regional energy projects. Ambassador Kovalenko said that both sides are interested in promoting Armenian-Russian cooperation in all directions, first of all in the economy and the energy sector. According to him, the activity of ArmRusgazprom is one of the best manifestations of this cooperation.

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