CEOs of "AK" Transneft" and "Siemens AG" discussed the prospects of cooperation

A meeting of the President of OJSC "AK" Transneft "NP Tokarev with the President, the Chairman of the Board "Siemens AG" Joe Kezerom was held on October 22 in Munich. This is the first meeting of the heads of the companies after the change of management in the German company in August of this year.

The parties discussed various aspects of cooperation in the framework of "Agreement on strategic partnership and cooperation.", signed in April by the International industrial fair in Hanover.  They also discussed the increasing of the localization of "Siemens" production in Russia.
The project of expansion of the Caspian Pipeline Consortium and the supply of equipment to the OJSC "AK" Transneft "and exchanged views on the plans for the future were discussed as well.

The parties highly appreciated the level of development of relations and openness to constructive dialogue, and noted the need for further effective cooperation.