It is reported that Sumy Frunze NPO, the major producer of pumping equipment for the oil, gas and chemical industries in Ukraine, manufactured 10 compressors for Gazprom. In total, Sumy Frunze NPO has agreed to deliver compressing equipment worth USD 30 million to Gazprom.

Millennium capital analyst said “We consider the news as positive for SMASH. The Russian orders may partially offset losses from the Central Asia in the amount of approximately USD 100 million or 20% to 25% of the company’s order book. Orders were not confirmed as company reported.”

(Sourced from http://www.mcapital.com.ua)