ArmInfo. The oil and petrol prices will be rising, and it is not a prophecy, Gegham Gevorgyan, Chairman of the RA Commission for Protection of Economic Competition, told reporters on Tuesday.
He substantiated his forecast with his personal analysis and that by stock exchanges. The Eurasian Economic Union (EAEU) believes that the oil and petrol prices will remain unchanged, while European partners hope for a price reduction.
On the other hand, the Commission will continue pushing ahead with the common oil and petrol market project in the EAEU.
"Trading companies in all the EAEU member-states must be allowed to purchase fuel from producers at the same price. Transportation expenses are different in different states, but they must be clear to everyone as well," Mr Gevorgyan said.
As regards changes in Armenia`s petrol market, he announced a new actor. Specifically, companies with Georgian capital affiliated with Petrocas have purchased the Petrol Market company, which is operating in Armenia`s market. The companies are owners of the Gulf brand and are planning to enter Armenia `s market.
Petrocas Energy Group is a Regional energy leader whose activities span the Black Sea, the Mediterranean and the Caspian Basin, facilitating cohesion between some of the world's most unique and diverse hydrocarbon corridors through its taps into regional energy flows, time-tested networks and capacity to offer client-tailored services.
The Group operates in four midstream complementary segments:
Trading and marketing of oil and oil products
Logistics services, including Storage, transshipment, rail and maritime transportation. Retail distribution of petroleum products through the country's largest network of Gulf branded petrol
stations, Gulf Georgia
Aviation fueling - physical into plane operations covering all major airports of Georgia under the Guld Aviation Brand. Petrocas is a vertically integrated petroleum products distributor and logistical service provider service provider, offering customized sourcing, storage and delivery solutions. With its well-invested asset base in Georgia, a country at the crossroads of Eurasia, Petrocas Energy is committed player in on of the promising energy regions of the world and is dedicated to enhance its activity by providing reliable energy solutions to its customers.
