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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.

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    Rosneft lets CNPC into its production heartlands

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This report includes 3 images and tables including:

Images

  • The Vankorneft area and East Siberia
  • Oil production profile at Vankorneft fields

Tables

  • Rosneft lets CNPC into its production heartlands: Table 1

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