Prepayment on Chinese Contract to Allow Rosneft to Develop Deposits Faster

December 11, 2013

The prepayment which Rosneft has received from China for oil deliveries will make it possible to launch several deposits in East Siberia in three years’ time rather than in 10 years, Russian Deputy Energy Minister Yury Sentyurin has told State Duma. He listed the deposits: Tagulsky, Lodochny, Suzunsky, Yurubchenko-Tokhomsky and Kuymbinsky as well as the Messoyakhskaya deposit cluster.

Sentyurin said that economic effect for Russia will total 5.4tn rubles. The state budget will receive 540bn rubles by 2020. By the contract expiration, 6.5n rubles will be received, Prime news agency has reported.

Copyright: Oil and Gas Information Agency, 2013