Gazprom Neft and ICS Holdings LLC signed a preliminary agreement to create a joint venture which will bring to market technology to support digital transformation in the oil and gas industry. The joint venture will operate on a parity basis. Gazprom Neft and ICS Holding intend to develop new ecosystems for collaboration with B2B clients and partners, software packages to evaluate asset investment decisions, and universal logistics automation services. The two companies will use contemporary artificial intelligence (AI) systems and advanced data processing algorithms to support management decisions. The joint venture will commercialize the technological value created by their specialists on the basis of its own unique expertise in the digital transformation of major industrial assets. Nexign will be participating in the joint venture on behalf of ICS Holding. The deal is expected to be closed in the third quarter of 2019.