NOVATEK & TMK Sign Memorandum on Strategic Partnership and Cooperation

Source: www.gulfoilandgas.com 6/6/2019, Location: Asia

As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK (“NOVATEK” and/or the “Company”) and PAO TMK (“TMK”) signed a Memorandum on Strategic Partnership and Cooperation (“Memorandum”).

The Memorandum establishes the basic principles and approaches to supply TMK’s casing and tubing production to NOVATEK. The document is valid until the end of 2023 to ensure production efficiency, timeliness and reliability of supplies.

“TMK is a reliable tubular products supplier for our projects,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “The Memorandum raises our mutually beneficial cooperation to a new level and establishes a transparent mechanism for pricing and production capacity reservation. This approach is especially important given our plans to implement large-scale projects in the Arctic region and maximize the participation of Russian producers”.


Brazil >>  5/11/2021 - Petrobras has signed with the Companhia de Eletricidade do Amapá (CEA), a legal agreement for the termination of litigation and credit recovery by Pet...
Norway >>  5/10/2021 - Reference is made to the release regarding the signing of the offer letter to acquire DeepWell (the "Transaction") as announced on April 16, 2021. ...

United Kingdom >>  5/10/2021 - Reabold, the investor in upstream oil and gas projects, is pleased to announce the completion of the previously announced conditional offer to acquire...
United States >>  5/4/2021 - Pioneer Natural Resources Company has completed its previously announced acquisition of the leasehold interests and related assets of DoublePoint Ener...

United States >>  5/4/2021 - Fluor Corporation (FLR) announced the divestiture of its North American equipment and fleet services business, AMECO, to One Equity Partners for $73 m...
Brazil >>  4/30/2021 - Petrobras, in continuation of the communiqué released on 02/05/2021, informs the start of the binding phase regarding the sale of the totality of its ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.