Rosneft and Uralvagonzavod Signed an Agreement of Cooperation

Within the Petersburg International Economic Forum Rosneft and Uralvagonzavod signed an Agreement of cooperation in the sphere of oil products supplies. The document was signed by Rosneft Presiden, Chairman of the Managing Board Igor Sechin and the General Director of Uralvagonzavod Oleg Sienko.

The agreement envisages the joint R&D in the sphere of the development, production and implementation of high-tech lubricant materials. Moreover is it assumed that Rosneft specialists will analyze with the further implementation in the processing chain of production actual to Uralvagonzavod facilities.

Commenting on the signing Igor Sechin said: “The signed agreements will allow us to build up strategic cooperation with the leading industry company in Russia. Thanks to the agreements Rosneft will secure with lubricant materials the facilities of the corporation on attractive economical terms and an uniterrupted basis. We consiedr that facing the challenges of the current economical and political situation it is vital to join forces aimed at the competitive recovery of the Russian production”.

Oleg Sienko noted that: “We consider positively the perspectives of the cooperation with Rosneft. The supplies of industrial oil products will allow to leverage the expenses for the service of our production facilities. Moreover we plan to creat joint programs of import-substituting with an obbligational solicitation of consents from machinery producers. This totally reflects the interests of the Russian industry”.

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
May 23, 2014

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