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Russia’s Gazprom and China’s CNPC agree on oil cooperation

by ChemOrbis Editorial Team -
  • 18/12/2015 (13:15)
According to media reports, Russia’s Gazprom Neft and China National Petroleum Corporation (CNPC) have signed a three-year memorandum of understanding (MOU) to cooperate in the oil sector. Under the MOU, the companies will cooperate in oil exploration and production in Russia, including Arctic offshore areas, as well as in China and other countries.

The new agreement reportedly also includes cooperation in oil refining and marketing of oil and oil products.
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