Rosneft and Fincantieri, during the XX St. Petersburg International Economic Forum, signed a Heads of Agreement for the formation of a joint venture focused on design and engineering of a new type of vessel to be built at the Zvezda shipbuilding complex. The document was signed in the presence of the Russian President Vladimir Putin and Italian Prime Minister Matteo Renzi. The parties will also explore the possible development of those professional competences required to support the shipbuilding phase of the above mentioned project.

FINCANTIERI And ROSNEFT Will Collaborate For A New Ship

Image for for illustration purposes only - Photo courtesy: Игорь Зарембо/РИА Новости

Cooperation with Fincantieri will enable to enhance the technical potential of Zvezda Shipbuilding Cluster and lay the basis for creation of innovative equipment . The above mentioned cooperation will be carried out in compliance and subject to, the applicable EU, US international trade rules.

Commenting on the agreement signed, Rosneft CEO Igor Sechin said: “Partnership with the largest shipbuilding enterprise in Europe, with significant experience in ships and special equipment design and construction globally fully complies with Rosneft’ strategy of creating an advanced shipbuilding cluster in the Russian Far East. We are pleased to notice that the cooperation with the Italian partner provides for designing of the specific models of equipment for Zvezda shipbuilding center, having no counterparts on the Russian market”.

Source: Rosneft