Russian state-owned oil company Rosneft and the Chinese National Oil and Gas Corporation (CNPC) signed a cooperation agreement in exploration and production of oil and gas, particularly in eastern and western Siberia, Rosneft announced on Wednesday.
According to the company’s statement, CNPC will have an opportunity to acquire minority shares in Rosneft's Siberian energy projects, in line with the agreement signed during the fourth Eastern Economic Forum, held in the Russian city of Vladivostok.
However, no further details were released on the projects.
'Implementing the joint exploration and production projects will become a new milestone in integrated cooperation between the two largest energy corporations of Russia and China,' Rosneft said.
By Firdevs Yuksel
Anadolu Agency
energy@aa.com.tr