Commodities

PermNefteGaz Launches Electric Pumping Unit Facility

Guavy AI Editorial Team Published September 15, 2026

Instruments

Oil

The PermNefteGaz, backed by the Federal Reserve Fund, has opened a workshop in Perm for producing electric pumping units used in oil production. This development aims to boost efficiency and reduce costs for Russia's oil sector.

The new facility will manufacture electric pumps for use in extracting oil from wells, potentially leading to increased productivity and lower expenses for companies operating in the region.

The Wire

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