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NK Rosneft’ OAO to Sign Agreement with CNPC on Joint Development of Onshore Fields-Interfax


Wednesday, 4 Sep 2013 09:59am EDT 

Interfax reported that NK Rosneft’ OAO (Rosneft) will sign a host of agreements with China National Petroleum Corporation (CNPC) during the G20 summit in St. Petersburg, Rosneft said in a statement. The agreements will cover joint projects in hydrocarbon production and transportation and formation of joint ventures to develop onshore fields in Russia, the statement says. One of the agreements concerns the project to build the Tianjin oil refinery in China. Rosneft President Mr. Igor Sechin will be at the G20 summit, where he will take part in a bilateral meeting between Russian President Mr. Vladimir Putin and Chinese President Mr. Xi Jinping on September 5. Mr. Sechin is also scheduled to hold a number of working meetings with colleagues from G20 member countries. CNPC and Rosneft plan to jointly develop eight onshore sections in Russia, in Irkutsk region, Krasnoyarsk territory and Nenets autonomous district. 

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