Insight
Rosneft lets CNPC into its production heartlands
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Report summary
With western sanctions in force against Russia, Rosneft has moved to further its relationship with CNPC, signing a framework agreement looking at the Vankorneft subsidiary, which holds Russia’s second most productive oil field – Vankorskoye. The rationale for both parties is clear – Chinese finance for Russian production – but the devil will be in the detail and negotiations could be tough.
Table of contents
- Agreements approved at the highest level
- Rosneft’s rise has been based on acquisitions
- Acquisitions funded by oil supply deals with China
- Taas-Yuryakh’s deal loses momentum
- Vankorneft comes to the fore
- Compelling reasons drive the agreement but details could delay
Tables and charts
This report includes 3 images and tables including:
- The Vankorneft area and East Siberia
- Rosneft lets CNPC into its production heartlands: Table 1
- Oil production profile at Vankorneft fields
What's included
This report contains:
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