JOINT VENTURE TO MARKET SOVIET MADE PUMPS

05/06/1991
The flow of western capital and expertise into the U.S.S.R. has been reversed with the first Soviet investment in a western oil field supply business. Almetyevsk Electric Submersible Pump Plant (Alnas), based in the Romashkino oil basin, has formed a 50-50 joint venture with Ramco Oil Services plc, Aberdeen, to market Soviet built electric submersible pumps (ESP) in Europe, North America, and the Far East. The first 30 Soviet made pumps will be distributed in June for testing by multi-ESP users in Europe and North America. By yearend, Ramco Alnas Ltd. expects the business to be on stream. WESTERN LEVEL QUALITY ...
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