CNPC, Rosneft in Siberian JV

China National Petroleum Corporation (CNPC) is set to have a 49% stake in an East Siberian onshore oil production project it will undertake with Rosneft. The JV is planned to be based on the Srednebotuobinskoe field in SW Yakutia (labelled ‘2’ in this map), which Rosneft had gained control of just days before announcing the deal with the Chinese. CNPC recently bought a 20% stake in Novatek’s Yamal LNG project, and plans to close a gas supply deal with Gazprom by the end of the year.

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