Rosneft & United Machinery Agree on Special Machinery Supply for Vostok Oil

Source: 6/3/2021, Location: Asia

PJSC Rosneft and United Machinery Group Holding signed an agreement on the provision of special and road-building machinery for the Company's projects, including the implementation of the first stage of Vostok Oil, at the 24th St. Petersburg International Economic Forum.

The agreement includes the delivery of rough terrain trucks, oil trucks, dump trucks and other machinery produced at the URAL automobile factory. A delivery of road-building machinery (road graders, wheeled and caterpillar excavators) and snow and swamp-going vehicles is planned for the implementation of the Vostok Oil project.

The agreement also provides for additional opportunities to develop cooperation within the framework of further implementation of the Vostok Oil project.

In 2020 Rosneft began full-scale development of the fields in the Taymyr Peninsula. The implementation of the Vostok Oil project will make it possible to develop the region's unique resource potential. The project's competitive advantage lies in its proximity to the Northern Sea Route. Its use provides the opportunity to supply crude from the Vostok Oil fields in two directions at once – to European and Asian markets. The project implementation will ensure the fulfilment of goals for increasing the cargo flow of the Northern Sea Route set by the President of Russia.

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