The Uralvagonzavod Corporation and Itera have signed a gas supply contract

26.12.2014 — News

MOSCOW

The Itera Oil and Gas Company (a subsidiary of Rosneft) and the Uralvagonzavod Research and Production Corporation have entered into a ten-year gas supply contract.

The Press Service of the Corporation has informed RusBusinessNews that the contract will take effect on January 1, 2015.

The reached agreements will result in reduced expenses on the natural gas that will be supplied to meet the needs of Uralvagonzavod. The parties also intend to start doing joint research in manufacturing high-tech lubricants, implementing the import substitution program.