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Rosneft head, investors discuss investment cooperation

The participants in the meeting discussed the projects for the development of the oil fields in Russia and other countries, particularly Venezuela

Photo ITAR-TASS

Photo ITAR-TASS

LONDON, October 6 (Itar-Tass) —— President of the Russian major oil company Rosneft Igor Sechin had a meeting with representatives of the investment community here on Friday. He discussed with them cooperation to attract investments, sources in the British business circles said.

The participants in the meeting discussed the projects for the development of the oil fields in Russia and other countries, particularly Venezuela.

At the negotiations Igor Sechin told the investors about the plans of investments in the modernization of the Rosneft oil refining capacities. He noted that the company will invest a total of 25 billion dollars in oil refining, meanwhile, seven billion dollars were already used and the remaining 18 billion dollars will be invested within five years.

Sechin did not discuss Rosneft’s possible purchase of a 50% stake in the Russian oil company TNK-BP from the British corporation BP.

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