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Russia's Rosneft to fully replace equipment, technology imports

September 05, 2014, 16:54 UTC+3 MOSCOW
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MOSCOW, September 05. /ITAR-TASS/. Russian state-owned oil major Rosneft plans to replace all imports of equipment and technology in the long-term, the company said in a statement Friday.

“The company has organized the preparations for import replacement, during which we plan to decrease our dependency on imports of foreign equipment and technologies as much as possible in the mid-term and fully replace them in the long-term, including software, equipment for shelf and gas works and oil processing,” the company said.

In July, the EU extended its sanctions on Russia introducing a mandatory state authorization of deals of equipment and know-how supplies for the Russian oil development industry similarly to the US, which earlier restricted equipment supplies to United Shipbuilding Corporation. No direct ban on oil industry equipment or technologies supplies was imposed.

Rosneft said then the sanctions are not critical to the country’s oil sector, as the suppliers of the restricted equipment can be found in Russia or non-EU countries.

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