CNPC signs cooperation agreement with Rosneft
2014/11/13

On November 9 during the APEC summit in Beijing, in the presence of Chinese President Xi Jinping and Russian President Vladimir Putin, Zhou Jiping, Chairman of CNPC and Igor Sechin, Rosneft Chairman of the Managing Board signed a cooperation framework agreement on the Vankor Oilfield project.

The cooperation framework agreement on the Vankor Oilfield project defines the trade principles and other terms for CNPC to purchase part of the share stakes of Vankorneft, a Rosneft subsidiary. Production of the Vankor Oilfield reached about 22 million tons in 2013.