Gazprom Boris Yeltsin, the Russian President, appointed Chernomyrdin, Gazprom's Chairman, his Prime Minister, the company's political influence increased. Rem Viakhirev took the chairmanship of Gazprom's Board of Directors and Managing Committee. Following the Decree of the President of the Russian Federation of 5 November 1992 and the Resolution of the Government of Russia of 17 February 1993, Gazprom became a joint-stock company. Gazprom began to distribute shares under the voucher method. (Each Russian citizen received vouchers to purchase shares of formerly state-owned companies). By 1994, 33% of Gazprom's shares had been bought by 747,000 members of the public, mostly in exchange
Energy in Armenia diesel fuel a day to Armenia through the pipeline; Armenia’s annual demand for refined oil products stands at around 400,000 metric tons. Natural gas represents a large portion of total energy consumption in Armenia, accounting for 50% and is the primary means of winter heating in the country. Gazprom Armenia (owned by the Russian gas giant Gazprom) owns the natural gas pipeline network within Armenia and holds a monopoly over the import and distribution of natural gas to consumers and businesses. Armenia's thermal power stations (which supply approximately 24% of Armenia's electricity needs) run on natural gas, making Armenia (at