During Russian President Vladimir Putin’s state visit to China on May 20, Sibur signed a contract with China Petroleum and Chemical Corporation (or “Sinopec”) to establish a joint venture for the construction of a 50 ktpa butadiene nitrile rubber (or “NBR”) plant at the
The administration of Sakhalin Region may replace ExxonMobil in the oil and gas project Sakhalin-1, ITAR-TASS has reported, citing a source from the Sakhalin Region administration. The source specified that US companies would lose their assets in Russia if new sanctions
Fugro has reached agreement with The State Oil Company of the Azerbaijan Republic (SOCAR) to form a new Joint Venture for the performance of bathymetric, geophysical and geotechnical surveys, the provision of autonomous underwater vehicles (AUVs) and remotely operated ve
On December 2, 2013 Igor Sechin, Rosneft President and Chairman of the Management Board, and Arthur Alaverdyan, President of Oil Techno, signed a Shareholder Agreement as part of the plan to set up a joint venture, Rosneft’s press service has said.
On May 23, an agreement to create a joint venture to develop heavy oil reserves in Venezuela in the framework of the Carabobo-2 project was signed in Barcelona, Venezuela, by Rosneft and the Venezuelan Corporacion Venezolana del Petroleo (CVP), a subsidiary of PDVSA, Ros