02/04/2014

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Rosneft, Pirelli and Oil Techno to cooperate in Armenia

Under the terms of the agreement, Russian oil company Rosneft will be the leading investor and ­equity holder in the new joint venture L.L.C. Rosneft-Armenia, and Oil Techno will be the local Armenian partner. Pirelli will cooperate jointly with Rosneft in R+D activities to develop SBR and is interested in entering into a long-term supply agreement to purchase the SBR produced.With the purpose of further deepening presence in the marketing value chain, the companies have started to analyse the possibility of the acquisition of assets in the sphere of wholesale and retail trade of oil-products, including oil-product storage capacities and an aircraft refuelling business.

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