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Rosneft, ChemChina ink a deal for petchem joint venture

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/09/2016 (12:09)
According to media reports, Russia’s Rosneft and the China National Chemical Corporation (ChemChina) signed an agreement on Sunday for the creation of Far Eastern Petrochemical Company (FEPCO).

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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