ROSNEFT - BEEIJING GAS AGREEMENT

ROSNEFT- Rosneft and Beijing Gas Group Company Limited (hereinafter referred to as Beijing Gas) in the framework of the IV Eastern economic forum signed an Agreement embodying the basic terms of the joint venture (JV) for the construction and operation of a chain of automobile CNG filling stations in Russia (CNG stations).

Under the Agreement the parties plan to build over 160 CNG stations in Russia and the possibility of using LNG as natural gas motor fuel is being discussed.

Commenting on the Agreement, Igor Sechin said: «The creation of a filling stations chain for vehicles running on gas, is an important contribution to improvement of the ecological situation in the country, and corresponds with the Strategy Rosneft-2022 and with the President's order on the necessity of developing in this direction. We believe that the experience of Beijing Gas in construction and operation of CNG stations on the competitive market of China will help in the realization of such project in Russia. Also, the Agreement signed today will let us deepen the strategic partnership with Beijing Gas».

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Earlier: 

2018, August, 8, 11:45:00 ROSNEFT UP BY 2.8 TIMES ROSNEFT - 2Q 2018 net income attributable to Rosneft shareholders jumped by 2.8 times QoQ and reached RUB 228 bln (USD 3.6 bln) on the back of operating income growth, FX impact and one-off gain from recognizing net income from the share acquisition in upstream JV with a foreign partner and recognition of fair value of previously held interest in JV. Русский | English

2017, September, 25, 13:15:00 RUSSIA - CHINA INVESTMENT So the $9.1bn stumped up by CEFC China Energy this month for a 14.16 per cent stake in Russian oil producer Rosneft was a welcome surprise for those keen for China to become a big investor in Russia.

2017, September, 11, 12:35:00 CHINA BUYS ROSNEFT 14.16%, $9 BLN CEFC China Energy is set to take a stake of almost $9bn in Russian state-controlled oil company Rosneft, in a major strengthening of energy ties between Beijing and Moscow as relations deteriorate with the west.

2017, June, 30, 08:40:00 ROSNEFT & BEIJING GAS DEAL Rosneft and Beijing Gas Group Company Limited ("Beijing Gas") closed the deal for sale and purchase of 20% shares in Verkhnechonskneftegaz (a Rosneft subsidiary). The price of purchased 20% stake amounted to around USD 1.1bln. Русский | English

2016, December, 15, 18:40:00 ROSNEFT - CHEMCHINA AGREEMENT Rosneft and the China National Petrochemical Company (ChemChina) signed a Heads of Agreement on establishing a Joint Venture. The document was signed by Rosneft Chief Executive Officer Igor Sechin, and General Manager of ChemChina Yang Xingqiang. Русский | English