Rosneft, CNPC strengthen cooperation

Rosneft and Chinese National Petroleum Corporation (CNPC) signed an agreement for the extensions of strategic cooperation.

The agreement envisages elaboration of current and potential strategic cooperation areas.

“The document also foresees the fueling of a deeper collaboration in these areas. In particular, the parties intend to proceed with Upstream projects in the Russia, refinining in China (Tianjin Refinery) and other venues of cooperation,” Rosneft said in a statement.

“The parties intend to apply joint efforts with the scope of further expansion of strategic cooperation, including in the areas of the development of liquefied natural gas projects which embraces potential Russian LNG supplies to China,” the company added.