U.S. agency assists Russian projects

The U.S. Trade & Development Agency has awarded four grants to help industrial and infrastructure improvement projects in Russia. TDA provided $300,000 toward a feasibility study Lockheed Martin Corp./Perry Technologies Inc., Riviera Beach, Fla., will develop on use of underwater robotic equipment to work on oil and gas projects in the Barents and Pechora seas. Rosshelf, a combine of 19 Russian scientific institutes and former defense industry facilities, received the grant. Gazprom is the

Jan. 1, 1996

2 min read

The U.S. Trade & Development Agency has awarded four grants to help industrial and infrastructure improvement projects in Russia.

TDA provided $300,000 toward a feasibility study Lockheed Martin Corp./Perry Technologies Inc., Riviera Beach, Fla., will develop on use of underwater robotic equipment to work on oil and gas projects in the Barents and Pechora seas. Rosshelf, a combine of 19 Russian scientific institutes and former defense industry facilities, received the grant. Gazprom is the biggest customer for Rosshelfs gas production.

TDA said the U.S. export potential is $54 million.

Smith International Inc., Houston, will conduct a feasibility study of a joint venture to produce drill bits for use in the Russian Federations oil and gas industries. Potential U.S. exports are $20 million in the first 6 years of the project.

The Engineering Academy of Russia/Volga Department proposes to team up with Smith International to manufacture, market, and sell roller cone and shear bits for the Russian market. TDA is funding $150,000 of the studys costs.

Sovlink Corp, New York, will study requirements for medium term leasing of oil and gas equipment throughout the Russian Federation. Tokobank will receive the grant, working with Sovlink to design a joint venture.

TDA, which is providing $200,000 for the study, said potential U.S. exports are $1 billion during 10 years.

ABB Lummus Global, Bloomfield, N.J., will conduct a feasibility study of modernization of a refinery southeast of Moscow that could result in about $300 million in U.S. exports.

Included will be a plan to improve environmental performance of the plant, in a rapidly growing residential area, as well as a market analysis for refined products and design and cost of modernization. The Moscow Refinery will receive the grant of $150,000 for the study.