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Rosneft CEO says implementation of joint projects with BP underway

"The successful implementation of joint projects with BP continues. For example, despite the lack of financing from the partner, the Kharampur gas project was brought into operation as scheduled in September," Igor Sechin stressed

BAKU, October 27. /TASS/. Rosneft continues implementing joint projects with BP, Chief Executive Officer of Russia’s oil major Igor Sechin said at the 15th Verona Eurasian Economic Forum in Baku, adding that the Kharampur gas project was brought into operation in September.

"The successful implementation of joint projects with BP continues. For example, despite the lack of financing from the partner, the Kharampur gas project was brought into operation as scheduled in September, which allowed increasing the company’s production by 11 bln cubic meters per year," he said.

BP owning a 19.75% stake in Rosneft, said in February it would divest it.

Earlier, Rosneft said it planned to boost the share of gas in the total volume of hydrocarbons production to 25% by 2025, for doing which the launch of the company’s gas projects, Rospan and Kharampur, was important.