OREANDA-NEWS. December 9, 2011. During the visit of the Russian President Dmitry Medvedev to the Czech Republic, PJSC Stroytransgaz, Russia, and Plynostav Pardubice holding a.s., the Czech Republic, signed the memorandum of understanding and cooperation.

As a member of the delegation of the Russian business groups, Sergey Makarov, Chairman of the Management Board of PJSC Stroytransgaz, took part in the events coinciding with the Russian President Dmitry Medvedev's official visit to the Czech Republic.

After the negotiations Chairman of the Management Board of Stroytransgaz Sergey Makarov and Chairman of the Management Board of Plynostav Pardubice holding a.s. Ing. Jiří Krš signed the memorandum in the presence of the two Presidents where the Parties expressed their concern in cooperation and realization of joint long-term projects in the Czech Republic, Russia and third countries.

"We appreciate our partnership with Czech companies, and the memorandum of cooperation is a significant step for us. Jointly we can benefit from each other's experience. The new possibilities for the development of the companies will be opened up by exchanging the accumulated experience and skills.”

Additional information:
Stroytransgaz is one of the largest engineering and construction companies, providing services for the realization of projects in industrial and civil construction, oil and gas and power grid sectors both in Russia and abroad. The European region is an area of the company's strategic interests.

Plynostav Pardubice holding a.s. is one of the leading construction and installation companies specializing in the erection of gas pipelines, oil pipelines, compressor and delivery measuring stations, as well as other equipment in the Czech Republic and abroad.

Stroytransgaz has been implementing GAZELLE Gas Pipeline Project in the Czech Republic since November, 2010. The 158-kilometer pipeline is a part of the Nord Stream main gas pipeline.