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    Rosneft Signs Contracts With China Worth Over $30 Bln

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    According to Rosneft president Igor Sechin, company has signed documents with China worth over $30 billion.

    BEIJING (Sputnik) Russia's Rosneft has signed documents with China worth over $30 billion, the company's president Igor Sechin said Thursday.

    "We signed a number of documents with key partners, which has become a tradition, and with a number of new partners to develop cooperation with China. The total investment potential of the signed documents is over $30 billion," Sechin said.

    In 2014, as Moscow’s relations with the West went downhill due to tensions over the Ukrainian crisis, Russia and China boosted bilateral cooperation in several spheres, including energy.

    In June, Russia outpaced Saudi Arabia as the main oil exporter to China. Also in June, Rosneft and the China National Chemical Corporation (ChemChina) signed a contract at the St. Petersburg International Economic Forum for the delivery of 220,000 tons of crude oil per month to the Chinese company.

    On Wednesday, China Oilfield Services Limited (COSL) signed deals with two Rosneft-Statoil joint ventures, Magadanmorneftegaz and Lisyanskmorneftegaz, for the drilling of two exploration wells in 2016 in the Magadan-1 and Lisyansky areas of the Sea of Okhotsk.


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