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"Rosneft" offered China partnership in projects in the Arctic - Donskoy

Rosneft has invited Chinese companies to participate in joint projects in the Arctic, Russian Minister of Natural Resources Sergei Donskoy told reporters today.

"The Chinese side has received an offer and is considering participation in these projects (in the Arctic - ed.). This is about Rosneft," the minister said.

The head of the Ministry of Natural Resources of Russia, Sergei Donskoy, in an interview with journalists did not specify which Chinese companies were being discussed.

Rosneft "promised by the end of the year to submit its assessment of the further development of the project in the Kara Sea, the implementation of which the largest Russian oil company began jointly with the American ExxonMobil," the head of the RF Ministry of Natural Resources Sergey Donskoy told reporters.

"You know the story with Exxon and other companies. Accordingly, Rosneft is looking for alternative options, at least by the end of the year, colleagues promised to present their assessment of how they are going to further develop the project," the minister said.

The participation of foreign companies in Rosneft's offshore projects has become questionable due to the sanctions imposed by the EU and the United States. At the same time, at the end of October, the head of Rosneft, Igor Sechin, announced that the company did not plan to replace partners in existing projects on the Russian shelf if they were forced to leave because of the sanctions.

Together with ExxonMobil, Rosneft conducted drilling in the Kara Sea, which made it possible to discover the large Pobeda field, the recoverable reserves of which are estimated at 120 million tons of oil and 390 billion cubic meters of gas. Rosneft's European partners in offshore projects are the Norwegian Statoil and the Italian Eni, with which the Russian company is developing blocks in the Barents, Okhotsk and Black seas

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