Rosneft and AVTOVAZ Strengthen Strategic Cooperation

By Joseph R. Fonseca
Friday, August 29, 2014
Rosneft and AVTOVAZ signed an Agreement of development of strategic cooperation

Rosneft President, Chairman of the Management Board Igor Sechin and AVTOVAZ President Bo Inge Andersson signed an Agreement of development of strategic cooperation, which significantly expands the scale of partnership between the companies.

Among other things the document envisages the development, testing and introduction of lubricant materials and other Rosneft oil products required by AVTOVAZ businesses; and the possibility of closing of long-term contracts for the supply of AVTOVAZ production facilities with high-quality lubricant materials and oil products. Such a cooperation configuration will allow AVTOVAZ to optimize the purchasing procedures and curtail production expenditures. In its turn Rosneft will receive a guaranteed distribution channel for its products and a possibility to conduct joint R&D in the sphere of the creation and implementation of modern solutions in the sphere of lubricant materials.

Moreover the Agreement envisages Rosneft sponsorship of the LADA SPORT ROSNEFT auto sports team, therefore the parties are aimed at building on the progress of LADA cars in the world’s and Russian Touring Championships by presenting a joint team at the WTCC (World Touring Car Championship) and Russian Circuit Racing Series starting from the year 2015. At that time LADA SPORT ROSNEFT team on the international competitions will compete on LADA Vesta Sport cars, while Russian events will feature Lada Kalina Sport cars.

Commenting on the signing Igor Sechin said: “Such an agreement with the leader of the Russian car industry opens new perspectives for Rosneft that will allow both boosting the sales and increasing the quality of its products, by receiving and analyzing end-customer feedback. The support of AVTOVAZ racing teams will give a substantial push for the development of Russian auto sport, both on the internal and international scene”.

After the signing AVTOVAZ President Bo Andersson stated: “Racing is a critical part of the new AVTOVAZ. It is about competitions and team work. Today at AVTOVAZ we are all focused on execution of new products and on making LADA customers proud again to drive LADA products. That is why partnership with Rosneft is of major importance for us. Rosneft is one of the strongest oil companies in the world and the strongest in Russia. From now on, AVTOVAZ and Rosneft have new mutual commitments. Together we will achieve new triumphs!”

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Rotterdam to Build New Indonesian Port

The Port of Rotterdam Authority has signed a partnership agreement with the Indonesian Port Corporation Pelindo I for the development of a new deep sea port at Kuala Tanjung near to Medan in Sumatra,

Alaska Marine Lines Reduces Fuel Surcharge

Alaska Marine Lines, a marine transportation company providing barge service to and from Alaska and Hawaii, informs it has filed with the U.S. Surface Transportation

SSI to Showcase Marine Information Model

SSI's CAD/CAM ShipConstructor software utilizes a Marine Information Model (MIM) to store a wealth of data that can be leveraged for maintenance, repair and lifecycle support.

Contracts

Rotterdam to Build New Indonesian Port

The Port of Rotterdam Authority has signed a partnership agreement with the Indonesian Port Corporation Pelindo I for the development of a new deep sea port at Kuala Tanjung near to Medan in Sumatra,

Ferguson to Build Two CalMac Ferries

Scottish minister Nicola Sturgeon have named Ferguson shipyard as the preferred bidder for a £97 million contract for the biggest new ferries on the Clyde since

ME Production Receives Two Scrubber Orders

ME Production subsidiary Marine Exhaust Technology has been awarded a new contract for the DFDS vessel Finlandia sailing on the route Rosyth-Zeebrugge. The scrubber contract includes design,

Fuels & Lubes

Maersk's Blend-on-Board Project to Market Soon

The Danish shipping giant Maersk has decided to commercialise its new tech invention -  SEA-Mate Blend-on-Board - developed by the subsidiary Maersk Fluid Technologies (MFT), says Denmark's post.

Alaska Marine Lines Reduces Fuel Surcharge

Alaska Marine Lines, a marine transportation company providing barge service to and from Alaska and Hawaii, informs it has filed with the U.S. Surface Transportation

Bunkers International Files for Bankruptcy

U.S. based bunkering services firm Bunkers International Corp. announced August 28 that it has filed for reorganization under Chapter 11 of the Bankruptcy Code.

News

China Merchants Profit up 29pct

While China’s ports continue to face growth pressure, the country’s largest port operator is reaping the rewards of years of investments in overseas projects.   China

Swire Upgrades Asia-Pac Coverage

Singapore-based liner trade division of The China Navigation Company (CNC) Swire Shipping has upgraded its multipurpose liner service coverage in the Asia Pacific region.

Baltimore Port Shipments Hit New Record

Helen Delich Bentley Port of Baltimore's public terminals shipped a record 9.74 million tons of general cargo in the 2015 fiscal year ending June 30, it said Monday.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2605 sec (4 req/sec)