Rosneft and CEFC Sign Strategic Cooperation Agreement

The Agreements are subject to Rosneft’s corporate approvals . In commenting on the Agreements concluded at the summit, Igor Sechin, Rosneft Chief Executive Officer said:

“We continue our work on strengthening the relationship with our strategic partners, including certainly CEFC, the largest Chinese private energy company, aiming for a long-term cooperation in all the areas of Rosneft’s business activity. The agreements signed today fully reflect the Company’s strategy, which priorities includes strengthening the relations with the Asia Pacific countries and, in particular, with China.”
Chan Chauto, CEFC China President said:
“We are convinced that the Russian oil and gas sector has a tremendous potential and interested in an integrated cooperation with Rosneft. We will use our trading capability and build up the supply of Russian crude to the fast-growing Chinese market. In addition, we are planning joint investments in the strategically important projects in the Russian oil and gas sector.”
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