Oil and Gas Industry
The oil and gas industry ranks among the highest growth industries in Russia. The oilfield services segment is also profiting from this high growth potential, due to the increasing demand for oil and gas.
For UCP Chemicals, this market has attractive potential for future growth. Accordingly, UCP Chemicals commenced the production of products for the oilfield service industry in 2007. UCP develops and manufactures antioxidants (inhibitors) to reduce the corrosion of oil and gas pipes. UCP also produces proppants covered with phenolic resin (resin coated cermanic proppants), in order to enable the customer to increase oil production. UCP is currently preparing to extend its portfolio of products for the oil and gas industry.
