OREANDA-NEWS. Rosneft delegation participated in the thirteen session of the inter government Russian-Chinese commission for energy cooperation.

Rosneft is the leader in the Moscow-Beijing energy dialog, Company projects with Chinese partners are the key elements of the economic cooperation between the two countries.

Actual joint cooperation aspects were discussed at the event. The status of oil supply by Skovorodino-Mokhe and plans to expand transportation volumes in 2017 were analyzed by the participants in particular. Moreover, implementation of Tianjin Refinery construction project was discussed (the project is implemented by JV Vostok Neftekhimia, CNPC -51%, Rosneft - 49%). The parties welcomed the completion of the project feasibility study optimization.

Joint upstream projects of Rosneft with Chinese partners were also discussed during the meeting.

Moreover, during the meeting Rosneft conducted negotiations with CNPC, CNOOC and Sinopec top management. Actual aspects of current and future cooperation were discussed.

Rosneft cooperation with Chinese partners covers all the key aspects of Company activities.

CNPC:

  • 2009 – entered into a contract for supply of 9+6 million tons of oil to China from 2011 to 2030
  • 2013 – entered into a contract for supply of 325 million tons of oil to China over 25 years

Sinopec:

  • JV for hydrocarbons production Udmurtneft has been successfully working since 2006 with annual production exceeding 6.4 mln tons (largest producing company of the region).
  • In December 2015 the companies signed memorandum of understanding regarding oil and gas chemistry cooperation in Eastern Siberia.