Is a Former Russian Prime Minister Backing a Major Armenian Player in the Gasoline Market?

14:25, July 17, 2012

Hetq has recently obtained some interesting information about Kagh Petrol Service, a major importer of gasoline to Armenia, and its president Ashot Salazaryan (photo right).

Salazaryan also founded City Petrol Group, a company who enjoys a 41.7% share of the gasoline market and a 40.8% share of the diesel fuel market in Armenia. In terms of market share, City Petrol comes in second place to Barsegh Beglaryan's company "Flesh".

Press reports in Armenia have linked Salazaryan to Russian business interests seeking a toehold in Armenia.

Hetq sources point to former Russian Prime Minister Sergei Kiriyenko (photo left) or his close circle as backing Salazaryan.  Read more... (294 words)

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