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Rosneft inks 57 out of 58 planned deals at SPIEF

June 20, 2015, 23:43 UTC+3 MOSCOW
Company views some of the deals as strategic
1 pages in this article
© TASS/Artyom Korotayev

MOSCOW, June 20. /TASS/. Rosneft, the Russian major oil company, has sealed 57 out of 58 scheduled deals at the St. Petersburg International Economic Forum, the company’s CEO Igor Sechin told the Rossiya 24 television on Saturday.

Rosneft views some of the deals as strategic, especially with the UK company BP establishing a joint venture on the Taas-Yuryakh field, Sechin said.

Besides, the oil giant inked 20 agreements with Russian regions stipulating assistance in social projects and new jobs there.

Rosneft and BP signed an agreement on the joint venture Taas-Yuryakh gas company in East Siberia. The UK company will acquire the 20% participation stake in the project in line with the sealed deal amounting to $750 million.

The joint venture will develop the Srednebotuobinskoe oil and gas condensate field part of Taas-Yuryakh Project, one of the largest in East Siberia, where about 20,000 barrels are produced daily. Along with this, the joint venture will set up infrastructure for further prospecting and developing the region’s resources and both companies will explore an area of 115,000 square kilometres within the zone of mutual interests.

Investors from China along with companies from other countries may become partners of Rosneft, the Russian state-owned oil company, and British BP for developing the Taas-Yuryakh field, Sechin told. 

Partnership was on the negotiation table with China’s state-owned companies and with private investors like Skyland Petroleum.

However, "there are other companies we are in negotiations with, we are determined to work with all," Sechin said.

In the past year Rosneft launched the Srednebotuobinskoe oil and gas condensate field part of Taas-Yuryakh Project, one of the largest in East Siberia, where about 20,000 barrels are produced daily. The UK company will acquire the 20% participation stake in the project in line with the sealed deal. Skyland Petroleum is negotiating the purchase of 29% participation stake in the project. BP share is estimated at $750 million.

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