OREANDA-NEWS. May 26, 2014. Within the Petersburg International Economic Forum Rosneft President, Chairman of the Management Board Igor Sechin and Alstom Presiden Patrick Kron have signed a Memorandum of understanding expanding the cooperation in electric energy sector.

The Memorandum provides the possibility for installation of different Alstom solutions and products for power generation, industrial automation and emission control on Rosneft’s facilities.
Commenting on the signing, Igor Sechin said: “The signed agreement will allow Rosneft, the worldwide leader of oil and gas industry, to increase the effectiveness of its operational business and improve the economic performance of industrial facilities. The cooperation with the leading company of the sector, Alstom, proves the Rosneft’s aim on implementation of the best practices and the Company’s aim at high-technology development”.

Alstom CEO Patrick Kron stated: “Alstom is the global leader in power plant design and construction with the set of all necessary resources, experience and knowledge for organization and development of energy equipment production, its modernization and upgrade, providing and using integrated technical and commercial solutions. We are glad to apply our vast experience and knowledge for the good of Rosneft, therefore the positive foundation has been laid”.

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Rosneft and Alstom have already been carrying out a big joint project for Rosneft’s subsidiary - Vankorneft and Alstom signed a 5-year long contract on service technical maintenance of gas turbines on gas-turbine station at Vankor oil-gas field. This is Alstom’s first long-term contract in Russia for service of energy equipment, made by another manufacturer. Total value of contract is more than 1 billion rubles. During the 2012-2013 Alstom successfully provided service for several turbines on the same power plant.