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Head of Rosneft Igor Sechin took part in the III Eurasian Forum "Innovation and International Integration"
On October 23, 2014, Igor Sechin, Head of Rosneft, took part in the opening of the III Eurasian Forum “Innovation and International Integration” held in Verona, Italy.
This forum is one of the most authoritative business events in Italy and a key platform for the development of a dialogue between Europe and Asia.
Igor Sechin spoke at the forum with a report on the state of the global economy, the realities and prospects of world energy, as well as Russian-European cooperation.
The head of Rosneft said that the instability of oil prices, which, in his opinion, is causing serious damage to the entire world economy, is caused by the failure of existing mechanisms, which do not provide adequate transparency in the market. “Our task is to maximize the improvement of market transparency, development of the exchange trading system, further formation of long-term relations, including the exchange of assets and long-term contracts,” said Igor Sechin. In his opinion, in order to prevent market manipulation, it is necessary to more actively diversify contract currencies.
Igor Sechin also noted that the Russian oil industry is one of the key drivers for the development of the world economy for a number of reasons, in particular, the order for high-tech products and new challenges associated with oil production in increasingly difficult geological and climatic conditions. The basis for the stability of the future, both the industry and the world economy as a whole, according to Igor Sechin, is the contract system and an independent system of international arbitration, which should be beyond the control of the political conjuncture of the moment.
“In the conditions of political, macroeconomic and opportunistic turbulence, we must look beyond the time horizons of ten to twenty years, we must see there that there is no alternative to the international division of labor, constructive and mutually beneficial cooperation and interaction. And those who act against objective economic laws act to the detriment of the market, that is, including themselves. These people do not understand the consequences of such actions, "Igor Sechin said.
As part of his speech, the head of Rosneft also expressed his condolences over the tragic death of Christophe de Margerie, whom Igor Sechin called a talented leader, a wonderful person and a great friend.
The Eurasian Forum "Innovation and International Integration" is held in Verona for the third year in a row and has become the legal successor of the Russian-Italian Forum, first organized in 2008 by the Association "Discover Eurasia" and Banca Intesa Sanpaolo. The Forum today is a benchmark not only for Russian-Italian economic relations, the volume of which reached 2013 billion euros in 30, significantly affecting the total trade profit of Italy, but also for the entire Eurasian zone, which, thanks to the Customs Union of Russia, Belarus and Kazakhstan , by the end of 2015 may become a market for Italian products in the amount of up to 34 billion euros.
Rosneft actively cooperates with Italian companies. The company supplies oil and oil products to Italian partners. Rosneft develops cooperation with Italian companies in the development of the Russian shelf: the key partner of the Company is ENI, together with which, under an agreement signed in 2012, projects are being implemented on the shelves of the Black and Barents Seas.
In addition, cooperation with Italian companies in the field of oil refining is dynamically developing, in particular, in 2013, Rosneft acquired 20,99% of Saras, the main refining asset of which is the Sarrock refinery, one of the largest and most complex refineries in the Mediterranean region.
In addition, Rosneft cooperates with Italian companies in the field of marketing and sales - in 2013, Rosneft and Pirelli opened the first Pirelli branded tire center in the perimeter of the Rosneft filling station in Sochi. Together with another Italian partner, Autogrill, in 2014, 7 cafes were opened under the “A-Cafe” concept at Rosneft filling stations in Sochi. Currently, the possibility of expanding cooperation at Rosneft filling stations in Moscow and the Moscow region, St. Petersburg and Sochi is being considered.
Cooperation in the field of gas production and trading is also developing. In November 2013, Rosneft signed a Memorandum of Understanding with Enel to develop cooperation in the international sector of exploration, production and transportation of hydrocarbons.