Rosneft, Saipem sign strategic cooperation agreement


MOSCOW -- Rosneft and Saipem SpA signed strategic cooperation agreement at the X Eurasian Economic Forum in Verona.

The document was signed by Rosneft CEO Igor Sechin, and Saipem CEO Stefano Cao.

The Agreement provides for deepening of interaction of the parties in a number of areas including oil field services, localization of designing and engineering in Russia, cooperation for development of new technologies, possibility of creation of a joint engineering center.

Rosneft and Saipem will set up a joint working group which will develop the main commercial terms of cooperation in the areas considered to be promising.

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