CNPC Inks Cooperation Agreements with Rosneft & Gazprom Respectively

Source: www.gulfoilandgas.com 7/5/2017, Location: Asia

On July 3 and 4 in Moscow, during Chinese President Xi Jinping's state visit to Russia, CNPC inked cooperation agreements on relevant projects with Rosneft and Gazprom respectively.

On July 3, CNPC Chairman Wang Yilin and Rosneft CEO Igor Sechin had a meeting and signed a cooperation agreement on behalf of the two sides. CNPC and Rosneft will further promote upstream cooperation in Russia and third countries, step up the establishment of the JV refinery in Tianjin, and carry forward collaboration in various fields.

On July 4, in the presence of the heads of state of both countries, Wang Yilin and Alexey Miller, Chairman of Gazprom Management Committee, signed a supplementary agreement to the sales and purchase agreement for Russian gas to be supplied via the eastern route, which was inked in 2014.

In order to ensure that the eastern route starts gas delivery on time, CNPC will speed up pipeline construction, market development, and construction of the auxiliary facilities of Amur GPP project and underground gas storages in China. CNPC and Gazprom also agreed to promote cooperation in gas supply from Far East, gas power generation, gas as vehicle fuel, and joint upstream development.


United States >>  5/25/2022 - TotalEnergies announces the signature of agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the 5th U...
United States >>  5/24/2022 - Talos Energy, through its Talos Low Carbon Solutions division, Carbonvert, and Chevron, through its Chevron New Energies division, have announced the ...

Norway >>  5/23/2022 - HAV Group ASA announces the acquisition of the remaining 22.72 percent of the shares of fast-growing subsidiary Norwegian Greentech AS (Norwegian Gree...
Spain >>  5/21/2022 - - Offer at € 18.05 per share, representing an attractive premium of 27.7 percent to the last unaffected closing share price of Siemens Gamesa Renewabl...

India >>  5/20/2022 - JSW Group, an Indian conglomerate, has reportedly signed an exclusivity agreement to acquire renewable energy company Mytrah Energy India.

...

United States >>  5/20/2022 - Blackstone Credit has acquired EIG’s 49% ownership interest in Elba Liquefaction Company (“ELC”), a joint venture entity of the Elba Island LNG facili...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.