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Rosneft, Chinese oil trio discuss offshore, refining cooperation

19th February 2013

Rosneft meets with CNPC, CNOOC, Sinopec to discuss cooperation in upstream offshore projects, refining and oil imports

Rosneft, Chinese oil trio discuss offshore, refining cooperation
The parties decided to set up a number of working groups on prospective areas of joint offshore operations

Russian state-owned oil company Rosneft on Monday held talks with major players from China’s energy sector to discuss oil supplies and cooperation in upstream and refining projects.

 

Rosneft boss Igor Sechin travelled to China to meet with CNPC general manager Zhou Jiping and discuss the possibility of additional hydrocarbon supplies from Russia to the world’s top energy consumer.

 

The topic of joint offshore exploration projects in the Russian shelf was also on the table. Both companies signed a number of documents on mutual cooperation.

 

In addition, Sechin held a meeting with leading representatives from Sinopec to look at prospects for cooperation in refining and offshore exploration activities on Russia’s shelf.

 

The Rosneft head also met with Wang Yilin, chairman of the management board at CNOOC. The two reviewed the Chinese company’s potential involvement in joint operations on offshore field projects.

 

The parties decided to set up a number of working groups on prospective areas of joint offshore operations.