Yerevan/Mediamax/. Armenian Prime Minister Tigran Sargsian received today the delegation of Chinese “Fortune Oil” Company, headed by the Executive Vice-President Daniel Chiu.

Mediamax reports that Chinese Ambassador to Armenia Tian Chang Chu was also present at the meeting.

Welcoming the guests, Armenian Prime Minister noted that he considers investments in the sphere of raw material production important and highly appreciates the large-scale investment program of “Fortune Oil”, the total cost of which makes about USD 500mln.

As a result of the program, new workplaces will be created in Armenia and innovative technologies will be implemented.

The interlocutors also touched upon the issue of long-term programs of the company in Armenia.