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Igor Sechin Held a Meeting With Sinopec Chairman

15 May 2014

As part of the preparations for the visit of the Russian Federation President Vladimir Putin to China, Rosneft President, Chairman of the Management Board Igor Sechin held a meeting with Fu Chengyu, Chairman of China Petroleum and Chemical Corp (Sinopec) 15 May 2014 in Beijing.

In the course of negotiations, the parties discussed a wide range of topics on current projects and perspectives for an enhanced cooperation, including possible conclusion of a long-term contract on oil delivery. The company executives noted satisfaction with current cooperation on a number of joint projects.

The companies created three working groups, including cooperation in the region of long-term contracts on hydrocarbons delivery, cooperation in the region of extraction, and implementation of Eastern Petrochemical Company project.

Notes for Editors:

Rosneft and Sinopec cooperate as part of Sakhalin-3 and Udmurtneft projects.

22 October 2013 Rosneft and Sinopec signed a memorandum of conclusion of export contract on a pre-paid basis. The memorandum includes oil delivery up to 100 million tons within 10 years.

Rosneft Information Division
May 15, 2014