# European Commission approves Rosneft-GE joint venture

The European Commission approved the creation of a joint venture between Rosneft (through its subsidiary Sibintek) and General Electric to focus on industrial IoT and digital solutions for the Russian oil and gas industry.

- Type: Partnership
- Announced: 2018-04-07
- Where: Russia
- Status: announced
- Products: industrial Internet of Things (IoT) solutions, digital solutions for oil and gas
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md) (partner)
- [Rosneft](https://endata.com/companies/8842.md) (partner)
- [Sibintek](https://endata.com/companies/18479.md) (partner)

## Sources

- [tass.com](https://tass.com/economy/998326), 2018-04-06: "The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over a joint venture based in Russia by General Electric Company (GE) of the US and Rosneft Oil Company"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.