Haykakan Zhamanak newspaper reports that the negotiations for selling Nairit Plant to Rosneft have been stopped and if resumed, will be resumed no earlier than in late autumn.
"The negotiations have been held for two years already. The key problem is that Rosneft wants to buy the plant without its debts," says the newspaper.
The biggest chloroprene rubber producer in the USSR, Nairit Plant was stopped in 1989 as an environmentally unsafe production. In 2001 it was restarted. In 2006 90% of it was sold to British Rhainoville Property Limited. Armenia's Energy and Natural Resources Ministry holds 4.496% of the plant's shares, ArmRusgasprom 3.596%, Yerevan TPP 1.907%.