MAN OIL GROUP AG
MAN OIL GROUP COMMENCES OIL-WASTE TREATMENT IN SIBERIA
MAN OIL GROUP AG / Key word(s): Miscellaneous MAN OIL GROUP COMMENCES OIL-WASTE TREATMENT IN SIBERIA – Man Oil Group has been recognized as the winner of the tendering procedure for treatment and recovery of oil waste in the Siberian region of Russia. – For the first time in Siberia the major worldwide oil company Rosneft will be able to return the recovered hydrocarbon back to the production cycle Zug, Swiss, 31 July 2013, Man Oil Group AG has been successfully evaluated against selection criteria and recognized as the best company in the tendering procedure held by Rosneft whose technology guarantees the customer the best results and value for money. The processing will be executed with Man Oil Group’s own machinery. GENADI MAN, MAN OIL GROUP PRESIDENT AND CEO: ALEX MOJON, MAN OIL GROUP CHIEF OF SCIENTIFIC DIVISION: The parties have agreed not to disclose the financial parameters of the contract. The project income will impact on 2013 revenue. Currently the parties are negotiating the terms and conditions for the forthcoming projects. Man Oil Group in its turn has scheduled to produce a further series of STORM-15 machines for the Siberian projects in 2014. ABOUT MAN OIL GROUP AG – STORM-15: patent application № EP 12169851.8 at European Patent Agency – Innovative Natural Hydrocarbon Solution (NHS): patent application № EP 11162199.1 at European Patent Agency At the heart of the technology there is a scientific and tailored approach, which allows Man Oil Group to offer oil companies a complex and highly effective solution. Man Oil Group’s demonstrated unique results of oil-waste treatment technology has received a high praise from major market players. The successful implementation of the project in Siberia will create a strong platform for the company in the energy market. Additional information is available at www.manoilgroup.com ABOUT ROSNEFT Contact: Disclaimer: End of Corporate News 31.07.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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