Rostekhnadzor and France’s Technip will jointly develop the technology of extraction of hydrocarbons on the shelf

Russia and France after talks Presidents Vladimir Putin and Francois Hollande signed a number of bilateral agreements and cooperation agreements. The signing ceremony was held in the Kremlin in the presence of the leaders of the two countries.

State Corporation "Russian Technologies" and the French Technip signed a memorandum of understanding providing for the establishment of two joint ventures.

One of them will allow Russia to localize the production of high-tech equipment for the oil and gas industry, including offshore oil production in the Arctic region and the Black Sea fields.

In another joint venture will be set up engineering center for the design and construction of technically complex objects refining, petrochemicals and gazohimii.Kak said the head of Rostekhnadzor Chemezov, we are talking about the possibility of a joint venture between the French company and the "RT-Himkompozit" which would be engaged in the manufacture of modern composite materials and products from them. Interest, the amount of investment and other details so far only to be discussed, he said.

Technip signed a contract with JSC "Rusteheksport" to work together on the creation of an engineering company for the design and construction of "turnkey" refining, petrochemical and chemical facilities in Russia.

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