ROSNEFT & CINOPEC MEETING
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.
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