Rosneft, ChemChina ink a deal for petchem joint venture
Rosneft’s CEO Igor Sechin stated that the FEPCO project will reinforce the partnership and economic ties among the two countries. He also added that beginning the joint venture will allow the two countries to form one of the most advanced petrochemical projects which will directly access the Asia-Pacific market.
Rosneft will have a 60% share in the joint venture and ChemChina will possess the remaining shares.
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