OREANDA-NEWS. Igor Sechin, Rosneft President and Chairman of the Management Board and Masami Iijima, President and CEO of Mitsui & Co. Ltd held a working meeting in Moscow.

As part of the meeting the parties signed Memorandum of Understanding regarding the prospects for potential cooperation in geological studies, exploration works and hydrocarbon production at license areas in East Siberia and Russian offshore.

Commenting on the talks, Igor Sechin said: "We are pleased to note the steady development of our cooperation with Mitsui and welcome the opportunity to discuss potential diversification of this cooperation. We are currently studying options to expand our cooperation in Russia, including in the sphere of upstream projects in East Siberia and Russian shelf."