Article: Dresser Receives $130 Million of New Awards in the Russian Federation

DALLAS, Dec. 10 /PRNewswire/ -- Dresser Industries, Inc. (NYSE: DI) today announced several awards totaling $130 million as well as a number of initiatives with Gazprom, the preeminent gas exploration, production and transmission company in the Russian Federation.

An award to supply a high pressure gas injection compressor station was made to Dresser-Rand Company, a joint venture of Dresser Industries, Inc. and Ingersoll-Rand Company, by RAO Gazprom. This is a U.S. EXIM Bank-financed project valued at nearly $90 million.

Under the contract, Dresser-Rand will be responsible for the station design, compression equipment manufacturing, process ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!