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Rosneft CEO Igor Sechin Headed a delegation to CEFC China to Sign Strategic Cooperation Framework Agreement

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On August 2, Ye Jianming, Chairman of the Board of CEFC China, met with Igor Sechin, CEO of Rosneft when he headed a delegation to the headquarters of CEFC China. The two sides signed a strategic cooperation framework agreement and reached consensus on further promoting and implementing the agreement.

 

During the meeting, Ye Jianming and Sechin had in-depth communication in future cooperation, and agreed that the further comprehensive strategic collaboration between CEFC China and Rosneft would significantly expand opportunities for investment in the Chinese market and Asian-Pacific region and create favorable conditions for the Chinese and Russian energy industry and economic trade cooperation. Sechin noted that the cooperation would become an integral part of the Sino-Russia economic cooperation under the “Belt and Road” Initiative.

 

According to the agreement, CEFC China and Rosneft will develop a long-term mechanism in oil and gas prospecting, development and production, oil refining and chemicals, the trading of cruel oil and petroleum products, retail business and asset trade as well as financial services for further cooperation in economic and trade as well as bilateral investment in areas including energy, finance and infrastructure.

 

After further discussion about the projects included in the agreement, the energy and financial teams from the two companies decided upon investment projects and programs. Also present at the signing ceremony were senior executives from Rosneft including First Vice President Eric Maurice Liron, Vice Presidents Pavel Fyodorov, and Yuri Kalinin, Didier Casimiro, Vlada Rusakova, Avril Conroy and Natalia Mincheva and CEFC China senior executives including President Chan Chauto, Executive Director Li Yong, Vice Presidents Chen Qiang, Jiang Mingsheng, Wu Hongbing and Wang Shixiong. 


 
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