Russia’s Rosneft wants Chinese firms to invest in Arctic deposits

February 7, 2014

Rosneft has been negotiating with Chinese firms on oil production in the Russian Arctic and Sakhalin deposits, Rosneft chairman Igor Sechin has said in Sochi. Also, Russia and China are to agree on gas prices by May 2014. Sechin said Rosneft was discussing oil production in Russia with CNPC in particular. He said new projects and new agreements, including on prices, should be agreed by the time of Vladimir Putin’s visit to China scheduled around May 20.

Copyright: Oil and Gas Information Agency, 2014