Positive Opinion to 'Tashir Capital': Company Will Search for Oil and Gas in Shirak, Lori, and Tavush

Positive Opinion to 'Tashir Capital': Company Will Search for Oil and Gas in Shirak, Lori, and Tavush

EcoLur

RA Nature Protection Ministry issued a positive opinion to the project on geological prospecting of oil and natural gas in the conditional first and third blocks of 'Armenian Petroleum and Gas Company'.

The conditional first and third blocks include Shirak, Lori, and Tavush Regions. According to the expert assessment opinion, the prospecting works will be carried out in the area of 8497 km2. The number of project-affected communities is 43.

The planned areas include 'Arpi Litch' and 'Dilijan' national parks, Mrtavardeni, Zikatar, Gyulagarak, Ijevan, Margahovit, Gandzaqar, Hanqavan hydrological sanctuary, Akhnabad pine and Getik sanctuaries, which have rich flora and fauna, including red-listed ones. Nevertheless, the expert assessment opinion doesn't say anything about the specifically protected areas of nature.

Armenian Petroleum and Gas Company LLC has been established by 'Energo Invest Holding' CJSC in October 2017. The only shareholder of 'Energo Invest Holding' CJSC is 'Hrazdan Energy Organization' OJSC, which is 100% owned by 'Tashir Capital' CJSC.

Besides this project, Armenian Petroleum and Gas Company has submitted another project to RA Nature Protection Ministry for the prospecting of oil and gas. Under this project, the company intends to carry out prospecting works in 2018-2023 in the second conditional blocks of the Armenian territory – Yerevan City, whole Armavir, and Aragatsotn Regions, particularly in the areas of Ararat, Kotayq and Shirak Regions.

16:20 February 12, 2018


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