OREANDA-NEWS. August 13, 2010. Sumy Frunze NPO, the major producer of pumping equipment for the oil, gas and chemical industries in Ukraine, manufactured 10 compressors for Gazprom, accordiong to the company’s representative announcement on Aug 12. In total, Sumy Frunze NPO has agreed to deliver compressing equipment worth USD 30mn to Gazprom.

Millennium Capital considers the news as positive for SMASH. The Russian orders may partially offset losses from the Central Asia in the amount of approximately USD 100mn, or 20-25% of the company’s order book. Orders were not confirmed as company reported.