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Russia and China signed an agreement on the sale of a stake in Vankorneft

Rosneft and CNPC signed framework agreements for the sale to the Chinese CNODC (China National Oil and Gas Exploration and Development Corporation) of a 10% stake in the Vankorovskoye field development project.

As reported earlier, in early September, 2014 in support of the idea of ​​the entry of companies from China into the capital of Vankorneft was supported by Russian President Vladimir Putin in his interview with Deputy Premier of the State Council of China Zhang Gaoli.

In this case, the amount for which the share will be sold is not disclosed. Earlier, Kommersant reported that Rosneft is thus trying to offset the costs of buying a stake in CJSC Vankorneft, previously owned by Gennady Timchenko. According to sources of the publication, for 6,04% of the shares of Vankor, which businessman Gennady Timchenko owned through offshore Taymyr Petroleum Company Limited, he received about $ 500 million.

Vankorneft, a subsidiary of Rosneft, was established in 2004 for the development of the Vankor oil and gas condensate field - the largest field commissioned in Russia over the past 25 years. The initial recoverable reserves of the Vankor field are estimated at 500 million tons of oil and condensate and 182 billion cubic meters. m of gas.

This is the main deposit of Rosneft for deliveries to China.

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