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GE plans to localize oil and gas technologies in Russia

February 12, 2014, 4:58 UTC+3 12
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GORKY, February 12 (Itar-Tass) - General Electric had plans to localize its oil and gas technologies in Russia, the company’s chairman of the board and chief executive officer Jeffrey Immelt said at a meeting with Russian Prime Minister Dmitry Medvedev on Tuesday.

The technologies in question can be used by the oil company Rosneft and other partners present in the Russian market, he added. The company’s plans in Russia included production of energy equipment in order to bring technologies to Russia.

According to Immelt, use of innovative technologies in energy, now an important trend in the world, is one of the sectors where Russia can become one of the leaders. Citing cooperation with the Russian transport mechanical engineering company Transmashholding, he said localization had bright prospects in the production of diesel power plants as well as locomotives that run on liquefied natural gas.

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