“Rosneft“ and the Chinese “Huaxin” Energy Company signed an agreement on strategic cooperation and a long-term contract for oil supplies.
The agreement on strategic cooperation provides for the implementation of joint exploration and production projects in Western and Eastern Siberia, as well as the interaction of both companies in the field of oil refining and petrochemicals, trade in oil and oil products.
In addition, “Rosneft “and “Huaxin” signed a contract for the supplies of Russian crude oil, which opens up new opportunities for strategic partnership. The execution of the contract will lead to an increase in the direct supplies of oil to the strategic market of China.
Commenting on the agreements concluded at the summit, the CEO of “Rosneft” Igor Sechin said: “The agreements signed today fully reflect the company’s strategy, one of its priorities being strengthening of relations with the APR countries, in particular, with China”.
Author: Anna Dorozhkina