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Rosneft is dissatisfied with negotiations with China on Tianjin Refinery

Rosneft is unhappy with the results of negotiations with Chinese partners on the Tianjin refinery, said in an interview «Russia 24» head of the oil company Igor Sechin.

“No,” Sechin answered when asked if he was satisfied with the negotiations on the refinery.

He explained that Rosneft will supply 9 million tons of oil per year to the Tianjin Refinery from 2020. The refinery is building a joint venture between Rosneft and the Chinese CNPC, the construction can be completed before the end of 2019. The investment decision on the construction of the Tianjin refinery in China will be taken in March 2016.

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