Uralvagonzavod Corporation, Rosneft decide on cooperation strategy

10 February 2015 (09:26)

February 10, 2015. Rosneft and Uralvagonzavod Corporation are starting to work together on scientific research on, production of and introduction of hi tech lubricating materials.

According to the corporation’s press service, the oil company representatives attended Uralvagonzavod Corporation’s head plant in order to hold talks on the partnership agreement that was signed by Rosneft President and Chairman of the Board Igor Sechin and Uralvagonzavod Corporation Director-General Oleg Sienko.

The talks resulted in a cooperation strategy and in plans to develop, test, and produce lubricating materials and other mineral products that Uralvagonzavod needs. The two parties also looked into ways to make Russian products more competitive through import replacement programs.

‘The outcome of the constructive dialogue was an action plan on information exchange and close cooperation between the two companies’ technical experts in order to decide on the products Uralvagonzavod will be using,’ the press service says.


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