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Gazprom Bank, Rosneft, Novatek to invest 112 billion rubles in shipbuilding JV

June 16, 2014, 13:19 UTC+3 MOSCOW
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MOSCOW, June 16. /ITAR-TASS/. Russia’s Gazprom Bank, oil giant Rosneft, independent gas producer Novatek and United Shipbuilding Corporation have signed an agreement to create a 112 billion ruble joint shipbuilding venture in the country’s Far East, Industry and Trade Minister Denis Manturov said in a news conference on Monday.

The investments cover all the stages of the venture’s construction, including the construction of oil platforms. The format of companies entering the venture’s capital will be defined within weeks, Manturov said.

Rosneft CEO Igor Sechin said that negotiations with foreign companies on participating in the project are now being held, in particular with Korean producers.

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