23 Jun '13, 11am

GE and Rosneft to form joint venture to modernize Russia’s oil and gas infrastructure Downloads: GE and OJSC...

GE and Rosneft to form joint venture to modernize Russia’s oil and gas infrastructure Downloads 23 June 2013 GE and OJSC Rosneft, one of the world’s leading oil companies, signed a strategic agreement to establish a joint venture focused on developing local expertise and technology solutions for the growing oil and gas sector in the Russian Federation. The agreement, which will strengthen both GE and Rosneft manufacturing and commercial capabilities, is part of GE’s plan to invest $1 billion in the oil and gas industry in Russia by 2020. The agreement expands on the parties’ memorandum of understanding (MOU) signed in June 2012 and covers four main business activities: Monetizing Gas: turning natural gas into commercial products—including large- and small-scale liquefied natural gas (LNG), compressed natural gas (CNG) and gas-to-liquids (GTL). Refining gas and petrochemica...

Full article: http://www.greencarcongress.com/2013/06/ge20130623.html

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