ArmRusGazArd company has published the comprehensive report on 2011 financial operations. The report writes that the company closed the year with AMD15.4 billion loss. In 2010 the company’s loss was AMD10.8 billion. The accumulated loss on December 31, 2011, was AMD28.5 billion. Now we see why the ARG delayed the publication of the annual report. They published it with delay because they have nothing in the report to brag about. On the day of the report publication, June 29, the board director for the company Alexey Miller and the minister of natural resources and energy Armen Movsisyan had a meeting in the company’s premises. The official statement writes that the parties discussed issues concerning bilateral cooperation.
