HMS Group Enters Into a Strategic Cooperation Agreement with Gazprom Neft

26.05.2014

HMS Group and Gazprom Neft signed a 5-year strategic cooperation agreement during Saint-Petersburg International Economic Forum.

The agreement provides for both parties to deepen strategic cooperation in the field of delivery of oil&gas and pumping equipment produced by HMS Group companies for modernization and development projects of Gazprom Neft companies. In addition, the document contains regulations regarding the exchange of information on present and upcoming products and solutions of HMS Group and the estimated demand of Gazprom Neft companies for equipment, technologies and integrated solutions.

Managing director (CEO) of HMS Group Artem Molchanov commented:

"For more than ten years our companies have been long standing partners collaborating on a large number of projects. This agreement is in the best interest for both of our companies. We believe that further development of our strategic partnership with Gazprom Neft- one of the largest and leading oil&gas companies in Russia- will contribute to our joint efforts on design and promotion of up-to-date energy-efficient equipment and technologies developed by HMS Group for oil&gas industry".

Source: HMS Group

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