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Gazpromneft-Total of PMB (GPN-Total of PMB)

Company

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Gazpromneft-Total of PMB (GPN-Total of PMB)

Owners:
Gazprom Neft - 50%
Total - 50%
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Owners

Gazpromneft-Total of PMB LLC is joint venture of the companies "Gazprom Neft" and Total.

History

2010

Development of the bituminous direction - is signed the confidentiality agreement.

2011

Cooperation intensification as result of mutual interest in cooperation of the producer of bitumens in Russia and the owner of the patented production technology of high-quality PMB Styrelf:

Visit to Total. Signing of the intent letter

In May, 2011 the visit of delegation of JSC Gazprom Neft under the leadership of the Director of Commercial directorate L.D. Kadagidze in Research Center Total (CReS) where the expediency of use of the Russian bitumens as a part of the mix Styrelf and Total's interest in market development of PMB in Russia was confirmed took place. Signing of the intent letter.

Visit on Gazpromneft-MNPZ. Creation of the working group

In June, 2011 there took place the counter visit of representatives of Total on JSC Gazpromneft-MNPZ, the decision on creation of the Working group with participation of representatives of Total and JSC Gazprom Neft for preparation of specific proposals on production at capacities of Moscow Oil Refinery of PMB under the Styrelf brand.

Visit of Total, joint with Rosavtodor

In August, 2011 – visit of Research Center Total, joint with delegation of FDA "Rosavtodor", a meeting in the Ministry of Transport of France.

Signing of the memorandum of creation of the joint venture

In September, 2011 the memorandum of understanding for the purpose of the subsequent creation of Joint venture for production and implementation of PMB based on JSC Gazpromneft-MNPZ is signed. Total provides a know-how and the Styrelf brand, JSC Gazprom Neft is raw materials and the production site.

Project implementation of the joint venture

In December, 2011 the working groups on four directions of project implementation of joint venture are created.

2013: creation of JV Gazpromneft-Total of PMB

On February 14, 2013 the Agreement of participants and creation of Gazpromneft-Total of PMB Joint Venture is signed.