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Russian Rosneft discusses joint projects with China oil companies

The sources specified that cooperation on the Russian shelf implies the Barents and Pechora seas

BEIJING, February 18 (Itar-Tass) – Russia’s Rosneft Oil Company develops cooperation with Chinese companies on Russian shelf projects, sources from the press service of the company told Tass on Monday after talks of Rosneft President Igor Sechin with the leadership of three major Chinese oil and gas companies.

At talks with CNPC Director General Zhou Jiping, “the sides discussed prospects for the development of the market of hydrocarbon supplies to China as well as the creating of mutually favorable conditions for productive cooperation in the sphere of oil processing,” the press service said.

“Besides, the leadership of Rosneft and CNPC considered the possible participation of the Chinese company in joint work on projects of oil prospecting and production on the Russian shelf and signed some documents on mutual cooperation,” the press service said.

At a meeting with the leadership of Cinopec, the sides “discussed a wide range of issues concerning possible cooperation of the companies on the Russian shelf as well as prospects for cooperation on oil processing,” the press service said.

Sechin also met with Wang Yiling, Chairman of the China National Offshore Oil Corporation. According to the press service, “the sides considered the possible participation of the Chinese company in joint work on offshore field projects.”

The sources specified that cooperation on the Russian shelf implies the Barents and Pechora seas.

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