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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s