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Hydro signs agreement with Murmansk
Publish date: November 18, 2005
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Hydro signs agreement with Murmansk
Norwegian oil and gas giant Hydro and the Administration of the Murmansk Region have signed a memorandum of understanding.
Hydro has already participated in several projects in Murmansk and has also announced its plans to open a representative office in Murmansk in the beginning of 2006, as well as a Centere for Higher Qualifications for the regional oil and gas industry. The company plans participation in several social-related projects in the region.
The investments in Murmansk must be considered as a part of Hydro’s positioning in the Russian oil and gas market, especially with regard to the huge Shtokman gas field, the BarentsObserver reported.
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