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Sinopec, strengthen cooperation with Russia's energy sector

Sinopec, strengthen cooperation with Russia's energy sector

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
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Sinopec, strengthen cooperation with Russia's energy sector

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2020-03-31 14:57
  • Views:
Information

Sinopec positive response "area" initiative, vigorously implement the strategy of the company of "open cooperation", intensify cooperation with the Russian energy companies.At present, the business areas of cooperation in the field of sinopec and Russia has covered oil and gas, refining, international trade, oil engineering and petrochemical engineering services, and other fields.Sinopec investment in Russia has reached more than $30.
It is reported, in terms of oil and gas exploration and development, Russia is one of the key investment areas upstream petrochemical in China, at present in the UDM and sakhalin projects, two projects of rights, with the total investment of $1.94 billion.In September 2015, in the testimony of the leaders, with the Russian oil company sinopec and signed the joint development of silvio berlusconi and the oil and gas fields and YouLuBo Mr Chernow, Homer oil and gas cooperation framework agreement.In oil refining chemical industry investment, China petrochemical acquisition of companies of the world's largest natural gas refining Russia Boolean company 10% stake in the west, the two sides also signed a shareholders agreement about the city of krasnoyarsk synthetic rubber factory co. LTD., subscribe and participate in the management of the rubber factory shares, will expand the plant capacity of NBR device.
In addition, relying on China's vast market, sinopec will also explore the possibility of cooperation with west Boolean company, is expected as a strategic investor participation in the Russian far east amur project of natural gas chemical plant, it can play the Chinese petrochemical integration advantages, will play a positive role for both sides.
Crude oil trade, sinopec's crude oil imports from Russia a sharp growth in 2010, 3.2% of sinopec annual total imports of crude oil.Equipment, materials and chemical products trade scale of about $244 million, including $100 million equipment material management, chemical scale of $144 million.

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