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CANADIAN CORPORATION TRANSEURO ENERGY STARTS PREPARATION WORKS FOR SEARCH OF OIL AND GAS IN ARMENIA

YEREVAN, FEBRUARY 23. ARMINFO. A Canadian corporation Transeuro Energy (the former Indusmin Energy) has started preparation works for search of oil and gas in the so-called second licensed bloc embracing the territory of Armavir region, Armenia, says Head of the Department for Fuel and Energy Recourses, the Armenian Energy Ministry, Candidate of technical sciences Andranik Aghabalyan in his interview to ARMINFO.

He says that due to good weather conditions, the corporation will start field works to determine the place of the first well. Transeuro Energy has concentrated its efforts on the search of natural gas resources taking into account the infrastructures of industry in Armenia. He explains that Armenia is the only country in the territory of the former USSR that lacks oil-processing facilities, at the same time having a well-developed gas transport system. In this connection gas recovery for industrial purposes is more perspective than oil. During the first five years, the corporation pledges to invest in search of gas and oil in Armavir region at least $10.5 mln, Aghamalyan says. He adds that as to the second licensing bloc, Transeuro Energy has become a legal successor of the Armenian-American geological survey company having purchased its rights and obligations; continuation of the started work is in question.

It should be noted that the contract of the Armenian Government and the Armenian-American geological survey company on the second licensed bloc was signed yet on 27 January 1997 and came into effect 6 February 1997. Active field works were carried out within the first three years in Armavir. After the owner of the company Alen Polsen died in July 2000, the works were suspended and the company was just processing the received data and seeking for financial partners. In 2004 Canadian Indusmin Energy renamed into Transeuro Energy in the autumn of 2004 has become its legal successor. Later the company opened its office in Armenia.

WREATHS WERE PUT TO MONUMENT OF UNKNOWN SOLDIER

YEREVAN, FEBRUARY 23. ARMINFO. Wreaths were put to the monument of Unknown soldier in Yerevan's Victory Park. Though Feb 23, the day of Soviet Army and Navy, and now the Day of defender of Homeland in Russia, is not a holiday in Armenia now, but this day has been and remains respected in the republic. Representatives of Ministry of Defence of the Republic of Armenia and Russia's Embassy in Armenia took part in the ceremony of putting wreaths.

"Our army has been formed on the basis of the Soviet army, we all have grown up in that country, besides, we all made sure that our Russian colleagues took active part in celebration of the Day of Armenian army", Defence Minister of Armenia Serge Sargsian said.

AUTHORITIES OF NAGORNY KARABAKH HAVE CREATED ALL CONDITIONS FOR WORK OF AZERBAIJANI JOURNALIST

YEREVAN, FEBRUARY 23. ARMINFO. The authorities of Nagorno-Karabakh Republic have created all the conditions without any limitation for the activities of the Azerbaijani journalist Eynulla Fatullayev who had visited NKR. Correspondent of the journal "Monitor" Eynulla Fatullayev stated in the interview to Baku's newspaper "Echo", sharing his impressions from his visit to Nagorny Karabakh and the territories under Karabakh's control.

According to him, the only ban was put in Aghdam district. "There the authorities did not permit to photograph or to film anything". The journalist confessed that he was surprised with the development of civil and democratic institutes in Karabakh. In this connection, he cites NKR President Arkady Ghoukassian "the world will not forgive NKR for authoritarian and anti-democratic regime and that's why we are doomed to development the civil institutes". At the same time, the Azerbaijani journalist confirmed the statement of the French Cochairman of OSCE Minsk Group Bernar Fassier concerning the settlement of Lachin.

Re-settlers - Armenians from iraq, Georgia, Uzbekistan and Lebanon live there. There are too many people in Lachin district from Spitak, who had lost their houses in Armenia as a result of the earthquake, the journalist mentioned. According to him, active settlement of Gubatli district is going on. The settlement of Aghdam is going on less intensively. Besides, the authorities of Nagorny Karabakh have created promotional conditions for local businessmen.

During the visit the journalist had also met with NKR President Arkady Ghoukassian and Foreign Minister Arman Melikian. "They seem to be open people", Eynulla Fatullayev mentioned. "Talking to me Ghoukassian mentioned that he does not call on the authorities of Azerbaijan with them in Armenian, like Saakashvili, who spoke with Abkhazian and Ossetins in their language. I seemed to me they are ready for a dialogue", the journalist mentioned. Referring to a high-ranking representative of NKR, the journalist stated "today they do not exclude the building of horizontal relations with official Baku within framework of one state". "At the moment it means the variant of building a federative - confederative state. A year or two later this readiness will pass, the authorities warn there", the correspondent added. According to him, now a generation is growing up in Karabakh who has got used to the thought of that Karabakh is a separate administrative subject, not being a part of Azerbaijan. "Several years later this generation will come to politics, business, will take its place in the Karabakh society. And then it will be much more difficult to come to agreement with these people than with the present "ruling" group", the journalist mentioned.

AZERBAIJANI GOVERNMENT HAS PAID CONGRESSMAN DAN BARTON FOR HIS ANTI-ARMENIAN STATEMENT

YEREVAN, FEBRUARY 23. ARMINFO. Azerbaijani government has paid the congressman an Barton for his anti-Armenian statement. A representative of Armenia's Embassy in the USA stated in the interview to Radio Liberty.

To remind, representative of Indiana state to the U.S. Congress, member of the Committee for international relations, Congressman Dan Barton recently called on the Congress to recognize so-called "Khojali genocide". In the congressman's opinion, "recognizing the Khojali genocide, the U,S, Congress break the silence of the international community concerning this issue".

As the representative of Armenian embassy mentioned, Barton is only one of the 435 members of the Congress and the fact he make such a statement, also depends on the following circumstance: two weeks ago the government of Azerbaijan hired a lobby organization of the former congressman Livingston, famous for its pro-Turkish views. The organization was hired just for conducting pro-Azerbaijani lobby in the Congress. At the same time, he reminded the group of support to Armenia comprised of 140 members. "They are conducting Armenian lobby not for money, but because they are really friends of Armenia", the representative of the embassy mentioned.

SYNOPSIS AMERICAN COMPANY INVESTS $90 MLN TO ITS ARMENIAN BRANCH

YEREVAN, FEBRUARY 23. ARMINFO. "Synopsis" company has provided its Armenian branch with program tools for designing intellectual property units for digital, analogue and compound signal chips worth $90 mln, "Synopsis-Armenia" company's director Hovik Musayelyan informed ARMINFO.

He specified that the company received 60 computer-aided design programs worth $1.5 mln each. Musayelyan also informed that presently the company employs 150 engineers and plans to increase the number of enrolled students from 110 to 220. According to him, Vice-President of Synopsis Rich Goldman will visit Armenia on March 2 and will meet with Armenia's President and Prime-Minister to discuss company's perspective plans concerned with Armenia. Goldman will also tell about the company's intention to establish a Benevolent Fund in Armenia.

To note, "Synoposis-Armenia" was established by "Synopsis" Inc., the world leader of electronic design of automatized technologies, in Oct 2004 on the basis of Armenian-American Leda Design and Monterey Arset companies. Synopsis pins its strategic plans with the development of its Armenian branch, including the tasks to enlarge its activity spectrum. The annual turnover of Synopsis Inc. totals about $1.2 bln.

HEAD OF FINANCIAL-AUDITING DEPARTMENT OF ARMENIA'S FINANCE AND ECONOMY MINISTRY ARRESTED FOR EMBEZZLEMENT

YEREVAN, FEBRUARY 23. ARMINFO. The head of the financial-auditing department of Armenia's finance and economy ministry Lyova Shahinyan is facing charges of embezzlement and document forgery.

The charges are made under the prosecutor general office's investigation into the case of big embezzlements by Audit Consultant and Audit Consultation Service.

Shahinayn has been arrested. The investigation is continued.

HEADLINES OF FEBRUARY 23

EXHIBITION "OUR HOME" TO BE HELD IN YEREVAN FEBRUARY 25-27

GREAT NATIONAL ASSEMBLY OF TURKEY WILL DISCUSS QUESTION ON "HOCALI TRAGEDY"

AZERBAIJANI DM: IN CASE OF RESTORATION OF MILITARY ACTIONS, THE ARMENIAN PARTY WILL BE RESPONSIBLE FOR IT

ICAO REVISERS GIVE HIGH ASSESSMENT OF AVIATION SAFETY SPHERE IN ARMENIA

REPRESENTATIVES OF MOTHER SEE OF HOLY ETCHMIADZIN TOOK PART IN SITTINGS OF CENTRAL COMMITTEE OF WORLD CHURCH COUNCIL 15-22 FEBRUARY IN GENEVA

CANADIAN CORPORATION TRANSEURO ENERGY TO SEARCH OIL AND GAS IN NORTHEAST OF ARMENIA

ARMENIAN PRESIDENT SENDS HIS CONDOLENCES TO IRANIAN PRESIDENT IN CONNECTION WITH DESTRUCTIVE EARTHQUAKE RECORDED TUESDAY

ARMENIAN PRESIDENT ROBERT KOCHARYAN RECEIVES NEW HEAD OF UN CHILDREN'S FUND OFFICE SHELDON YETT

HEAD OF STAFF OF ARMENIAN PRESIDENT SENDS HIS CONDOLENCES TO IRANIAN MINISTER FOR FINANCE AND ECONOMY IN CONNECTION WITH DESTRUCTIVE EARTHQUAKE IN IRAN

STATE PROPERTY PRIVATIZATION IN NKR IS IN PROCESS

MAIN FACTOR HINDERING DEVELOPMENT OF TOURISM IN ARMENIA IS IMPERFECTNESS OF LEGISLATION

NINO BURJANADZE CONSIDERS IMPORTANT RESUMPTION OF MEETINGS OF THE CAUCASIAN FOUR

NEW COURT BUILDINGS TO ENHANCE JUSTICE EFFICIENCY IN ARMENIA

WORLD BANK EXPERTS CONSIDER POSSIBILITY TO FINANCE PROJECT ON DISCOVERY OF GEOTHERMAL ENERGY IN ARMENIA

WE HAVE ENOUGH POLITICAL WILL TO ENSURE JUDICIARY INDEPENDENCE IN ARMENIA: JUSTICE MINISTER

WB LEGAL REFORMS TO ENSURE JUSTICE TRANSPARENCY IN ARMENIA

DEPUTY FOREIGN MINISTER OF ARMENIA MEETS WITH HEAD OF ICRC EAST-EUROPEAN OFFICE

ARFD SKEPTICAL ABOUT OPPOSITION'S REVOLUTION PLANS

SWISS AGENCY FOR DEVELOPMENT AND COOPERATION TO CO-FINANCE UNDP E-TERRITORIAL ADMINISTRATION SUB-PROGRAM IN 2005-2006

PRESIDENT OF ARMENIA MEETS WITH MEMBERS OF COUNCIL OF POLITICAL COALITION

ARMENIA'S DM MEETS WITH DIRECTOR OF EASTERN-EUROPEAN OFFICE OF ICRC

WELL-KNOWN ITALIAN SINGER RENATO BRUZON ADMIRED WITH YEREVAN OPERA THEATRE

OMBUDSMAN ASKS ICRC TO TAKE URGENT MEASURES FOR RELEASE OF THE AZERBAIJANI SOLDIERS FROM CAPTIVITY IN ARMENIA

RULING PARTY EXPRESSED GRATITUDE TO THE CONGRESSMAN BARTON FOR CALLING TO RECOGNIZE GENOCIDE IN HOCALI

ARMENIAN PRIME MINISTER HOLDS SITTING OF COORDINATION COUNCIL FOR FULFILLMENT OF POVERTY REDUCTION PROGRAM

26,000 APPLICATIONS OF RESIDENTS OF YEREVAN ON LEGALIZING ILLEGAL ERECTIONS TO BE SUBMITTED TO YEREVAN'S MUNICIPALITY TILL FEB 27

GERMAN GOVERNMENT PROVIDES 50,000 EURO TO ARMENIA FOR DESTRUCTION OF COMPONENTS OF MELANGE

FLASH COMPANY RAISES WHOLE-SALE PRICES FOR PETROL AND DIESEL BY ONE-TWO POINTS

INECOBANK PLANS TO INCREASE ASSETS BY 25-30% IN 2005

MIGHTY FATHERLAND PARTY DRAFTS 145 PROPOSALS TO PUT END TO CLAN RULE IN ARMENIA

CHAIRMAN OF NATIONAL ASSEMBLY OF ARMENIA MEETS IN VIENNA WITH VICE SPEAKER OF VIENNA LAND PARLIAMENT

UNDP SUPPORTS EFFORTS TO BUILD INFORMATION SOCIETY IN ARMENIA

PEACEFUL SETTLEMENT OF KARABAKH CONFLICT WITHIN FRAMEWORK OF TERRITORIAL INTEGRITY OF AZERBAIJAN MAY BE USEFUL FOR ARMENIA: NOVRUZ MAMEDOV

GALOUST SAHAKIAN: IF GEORGIAN OR UKRAINIAN SCENARIOS OF CHANGE OF POWER IMPLEMENTED IN ARMENIA, THEN WE SHALL LOSE ARMENIA

STATE COMMISSION FOR ORGANIZING 90TH ANNIVERSARY OF ARMENIAN GENOCIDE HOLDS ITS REGULAR MEETING

STATEMENTS OF OPPOSITION ON INTENTION TO HOLD REVOLUTION IN ARMENIA HAVE NO SENSE: SAMVEL BALASANIAN


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