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MarketScreener Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  Gazprom PAO    GAZP   RU0007661625

GAZPROM PAO

(GAZP)
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Gazprom : Russian companies expanding cooperation in standardization

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10/04/2019 | 11:42am EST

Release

October 4, 2019, 14:10

A Supplementary Agreement to the Memorandum of Intent on cooperation in developing standardization and conformity assessment procedures for the oil and gas sector was signed today at the 9th St. Petersburg International Gas Forum.

In accordance with the Memorandum, Gazprom, Gazprom Neft, and SIBUR Holding intend to establish an independent non-commercial organization for standardization and conformity assessment in the oil and gas industry.

Under the newly-signed Supplementary Agreement, Tatneft joined the Memorandum.

Background

The future independent non-commercial organization is meant to create a new system for voluntary certification using the best practices of the participating companies. The INTERGAZCERT voluntary certification system established by Gazprom may serve as the basis for the new system, which will facilitate the implementation of competitive solutions offered by Russian manufacturers and boost technological development in the sector.

Information Directorate, Gazprom


Disclaimer

OAO Gazprom published this content on 04 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2019 15:41:05 UTC

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Sales 2019 121 B
EBIT 2019 21 734 M
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P/E ratio 2019 262x
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