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Rosneft plans to sign agreements on cooperation in East Siberia with CNPC this year

September 05, 2013, 21:57 UTC+3
Asked whether the aforesaid documents would be signed before the end of 2013, Sechin replied, “We will do our best. I hope we will manage to do that on time"
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STRELNA (St. Petersburg), September 5 (Itar-Tass) - Russia’s petroleum giant Rosneft plans to sign a set of agreements with the China National Petroleum Corporation (CNPC) before the end of this year. The documents include an agreement on expansion of cooperation in the extraction of resources in Eastern Siberia, the East Siberian Upstream project and cooperation on the Tianjin refinery project, Rosneft CEO Igor Sechin told reporters on Thursday.

“We continue working and trying to improve the terms,” he said. Asked whether the aforesaid documents would be signed before the end of 2013, Sechin replied, “We will do our best. I hope we will manage to do that on time.”

These documents will make it possible to strike an agreement to set up a joint interest zone on the basis of a joint venture in East Siberia with a purchase of additional assets in the region.

 

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