Agreement between OMZ-DAELIM and TurboTechCom

Letter of Intent outlines basic understandings between OMZ-DAELIM and TTС regarding their cooperation in the frame of expanding companies’ presence in the markets to Argentina, Peru, Chile, Uruguay, Brazil, Bolivia, Paraguay and Venezuela
The feasibility of potential Cooperation is based on following division of responsibilities: OMZ-DAELIM is responsible for attracting and use of foreign technologies, implementation of investment projects, solution of major tasks in the EPC-industry, in spheres of oil and gas processing, petrochemical, energy and other industries; TTС as an engineering company is responsible for uniting the efforts of large Russian enterprises and manufacturers of equipment for oil and gas, petrochemical, energy and transport segment of the economy, to organize supply of products, works and services of these enterprises on the markets of South America.