The President: Rosneft produced an unprecedented contract for $ 60 billion

"Rosneft" has prepared a contract for $ 60 billion for the supply of hundreds of millions of tons of oil to China, said Russian President Vladimir Putin at a meeting with the First Deputy Premier of the State Council Zhang Gaoli.

  • Russian President Vladimir Putin and First Deputy Prime Minister Wu Yi Zhang Gaoli
  • Russian President Vladimir Putin and First Deputy Prime Minister Wu Yi Zhang Gaoli

"Prepared by the large-scale, without any exaggeration, the unprecedented contract with the company" Rosneft ". Shipments to China are expected volumes, which include hundreds of millions of tons of oil in total, it will be more than 60 billion dollars", — said the head of the Russian state.

Putin also expressed hope for a fruitful cooperation with the Chinese side Russian gas companies — Gazprom and Novatek.

In turn, First Deputy Prime Minister of China reported that he had arrived at the St. Petersburg International Economic Forum on behalf of the President Xi Jinping to participate in negotiations on the strengthening of cooperation in strategic areas. According to him this morning, he had a very fruitful talks with First Deputy Prime Minister Igor Shuvalov and head of "Rosneft" Igor Sechin.

"I am confident that the forum will bring tangible results and be successful," — said Zhang Gaoli, Putin congratulated on the successful launch of the St. Petersburg forum.


Recall that in March 2013 Sechin announced the signing of an additional agreement on oil deliveries to China, which involves increasing the supply of up to 31 million tons. The initial contract involves the supply of 15 million tons per year. Sechin said that 31 million tons — is the peak value, which will not be observed every year, and the delivery schedule will be built based on the capabilities of the entire infrastructure both in Russia and in China.

"This will require additional solutions for the development of pipeline systems", — said Igor Sechin, adding that the final binding contracts for additional deliveries will be signed after a while.

"The day before my visit to the Russian side has already reached the breakthrough agreement on additional supplies of oil and gas pipeline construction, as well as import Russian liquefied gas. And in this regard, we, together with President Putin approved the agreements and gave the order to ensure that our governments respectively and Corporation undertook the implementation of these agreements, "- said on March 22 arrived in Moscow President Xi Jinping.

Now available in China 15 million tons of Russian oil a year via Skovorodino — Mohe. In February 2013 during the visit of the Russian delegation headed by Chairman of the Board of Directors of "Rosneft" Igor Sechin in China had reached an agreement to supply additional volumes of oil to China. Deputy Prime Minister Arkady Dvorkovich reported that, as expected, they will be at least 9 million tons per year.

Energy Minister Alexander Novak on March 16 reported that China had offered Russia to build a second pipeline capacity of 15 million tons of oil pipeline near Skovorodino — Mohe and increase the supply in half.

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