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The sides established constituent documents on creation of UzRT Petroleum Manufacture JV on parity shares in June 2009. The enterprise will organize production of oil and gas field equipment with the cost of US$10 million in Bukhara region of Uzbekistan.
The enterprise will produce 50,000 tonnes drilling pipes, 200 pumping units and 1,000 cone-rock bits a year.
It is expected that the joint venture will start assembly of equipment in autumn and goods production in the end of 2010.