The production of motor oils and lubricants from petroleum products has been launched in Armenia
The Armenian company "Hayk-21" LLC announced the launch of the production of motor oils and lubricants from petroleum products in Armenia. The Russian company VORTEXPROM supplies the equipment for production. Investments in the program amounted to about $2,300,000. The company is also a member of the Alliance Free Economic Zone for a period of 5 years. The company will have a production area of about 2000 square meters. They have created about 30 new jobs with an average salary of 250,000 to 350,000 drams. Source.