OAO TAIF and Nizhnekamskneftekhim sign memorandum and framework agreement with German company Linde

2 June 2017, Friday

On June 2, during St. Petersburg international economic forum, Director General of OAO TAIF Abert Shigabutdinov and a member of the board of Linde AG Christian Bruch signed a memorandum on strategic cooperation between TAIF and Linde group.

The document was signed in the presence of Tatarstan President Rustam Minnikhanov and Prime Minister of Bavaria Horst Seehofer.

The parties expressed their intentions on cooperation in the sphere of industrial gas supply, construction of petrochemical units, engineering, science and education.

Also, Director General of Nizhnekamskneftekhim pharmaceutical company Azat Bikmurzin and managing director of Linde AG John van der Velden signed a framework agreement on the implementation of contracts of the licensed agreement, rendering of services, supply of equipment and materials and technical consulting for new olefin complex at Nizhnekamskneftekhim with the capacity of 600,000 tonnes of ethylene per year.

Rustam Minnikhanov thanked Prime Minister of Bavaria for overall assistance in this project.

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