20 Jun 2010 17:27

Investment contract worth 15 Bln euro signed at St. Petersburg economic forum

MOSCOW. June 20 (Interfax) - The total number of investment agreements signed at the St. Petersburg International Economy Forum exceeds 50 and their combined value tops 15 billion euro, senior Kremlin aide Arkady Dvorkovich said.

"The total number of investment contracts exceeds 50," he told journalists on Sunday.

"According to preliminary estimates the total sum of investment agreements and contracts signed during the forum stands at 250 billion rubles, including the 190 billion rubles or 5 billion euro that the president mentioned at the forum's final plenary session," Dvorkovich said adding that these sums are fixed.

In addition, several agreements were signed implying mergers and the redistribution of equity.

As an example, the agreement between Gazprom and French energy companies on joining the Nord Stream and South Stream projects stands at approximately 120 billion rubles, he said.

"In addition, there are also several agreements that imply orders for the production of various types of goods," he said.

Among them he named the construction of gas tankers for Gazprom by Sovcomflot. These agreements, which will be carried out over several years, were valued at $6 billion.

"It would not be quite right to add up all these figures," Dvorkovich admitted.

"Nevertheless, if you try to add the combined value of various agreements that were signed it will exceed 15 billion euro," he said.

The Kremlin aide said that the final sum is likely to be greater because some agreements do not indicate concrete sums and future contracts are in question.

Among the most active negotiators Dvorkovich named the city administration of St. Petersburg and Sberbank and among foreign partners French companies that signed more than 10 contracts in the framework of the visit of French President Nicolas Sarkozy to Russia.