Rosneft & CNPC Agreed to Cooperate in the Field of Low Carbon Development

Source: www.gulfoilandgas.com 2/4/2022, Location: Asia

Within the visit of the delegation headed by the President of the Russian Federation Vladimir Putin to Beijing (PRC), PJSC Rosneft Oil Company and China National Petroleum Corporation (CNPC) signed the Memo on Cooperation in the field of low carbon development.

Signatures under the document were affixed by Igor Sechin, the Chief Executive Officer of Rosneft, and Dai Houliang, the Chairman of the Board of Directors of CNPC.

In accordance with the Agreement of Rosneft and CNPC there are prospects of interaction worked out concerning a set of areas of low carbon development, particularly in reduction of greenhouse gas emissions, including methane, technologies of energy efficiency as well as CO2 capture and storage (CCS). Parties also consider other areas of potential cooperation in the field of low carbon development as well. Low carbon technologies developed by the companies, including “smart” and digital solutions, in the future may be applied within the large-scale joint petroleum projects in Russia and China.

Rosneft and CNPC are organizers of Russian-Chinese Energy Business Forum established by the instruction of the President of the Russian Federation Vladimir Putin and the President of the People's Republic of China Xi Jinping. The objective of this Forum is a development of the energy dialogue between Russia and China, increase in bidirectional commodity circulation, extension of the portfolio of joint projects, attraction of investments and funding of projects.

In May 2017 during the official visit of Russian President Vladimir Putin to China, Rosneft and CNPC signed the Agreement on the establishment of the Joint Coordinating Committee (JCC). The Committee was established for development of the cooperation of the companies in a number of strategic areas, including interaction in the exploration and development of oil and gas fields, oil refining and petrochemicals, trade in oil and oil products, scientific and technical research, training of personnel, as well as the implementation of promising projects in the field of supply and oil services. In November 2021 there was the fourth meeting of the JCC.


China >>  8/17/2022 - The Santanghu Oil Production Management Area of ??Tuha Oilfield has innovatively applied the "CO2 +" enhanced oil recovery technology. Fracturing 6 we...
China >>  8/17/2022 - The electric drive fracturing in the western drilling has exceeded 1860 layers, of which 975 layers have been completed by all-electric flooding and 8...

China >>  8/16/2022 - The shallow geothermal energy heating and cooling system in the Dagang Oilfield Exploration and Development Research Institute campus is running well,...
Egypt >>  8/11/2022 - The 2022 Petersberg Climate Dialog took place in a context where the link between the climate crisis and other global crises (COVID-19, energy, food, ...

Norway >>  8/8/2022 - The Petroleum Safety Authority Norway (PSA) has carried out an audit of Archer AS and their follow-up of working hours. The audit was conducted on 5 a...
Trinidad and Tobago >>  8/8/2022 - Touchstone Exploration Inc. ("Touchstone") (TXP) announces that the Trinidad and Tobago Environmental Management Authority ("EMA") has confirmed that ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.