ASTANA KAZAKHSTAN and FLORENCE, ITALY - November 5, 2009 - GE Oil & Gas, Kazakhstan's National Welfare Fund JSC NWF Samruk-Kazyna and JSC ZKMK, a precision engineering plant operator, have today signed an agreement to work toward the establishment of a new joint venture to localize the production and servicing of gas turbines in the Republic of Kazakhstan.
The agreement was signed today in Rome, Italy by Claudi Santiago, President and CEO, GE Oil & Gas, Aidan Karibdzhanov, Managing Director, JSC NWF Samruk-Kazyna and Alibi Akhmedzhanov, General Director, JSC ZKMK.