OMK and Rosneft signed a partnership agreement

United Metallurgical Company and Open Joint Stock Company Rosneft signed an agreement on cooperation in the field of petroleum products. The document defines the areas of cooperation between the two companies in terms of development, testing and production of lubricants and other petroleum products at the enterprises of Rosneft and OMK.

The companies are expected to conduct a joint technical review to optimize costs and maximize the benefits of mutual partnerships. One of the main provisions of the agreement is the development of joint programs for the replacement of imported products. This program will open up new horizons for the national economy in terms of increasing its competitiveness and efficiency. The parties also agreed to analyze the infrastructure for the provision and distribution of oils and other petroleum products, and also decided to develop joint investment programs that will optimize costs.

Igor Sechin, the head of Rosneft, said that “in the current economic and geopolitical conditions, our companies must unite their efforts to increase competitiveness Rosneft will be able to ensure the continuous supply of high quality lubricants and petroleum products. "

Anatoly Sedykh, Chairman of the Board of Directors of OMK, said that "the contract with Rosneft will be valid for five years. Joint work will allow OMK to significantly optimize its costs by using high-quality innovative materials and technologies, and in addition, they will contribute to the implementation of import substitution programs." ...