Wednesday, February 15, 2012

Russia

Russian, Chinese Oil Groups Create Joint Venture

Drilling at Rosneft's Vankop oil field in Taimur, Siberia (ITAR-TASS)

Drilling at Rosneft's Vankop oil field in Taimur, Siberia (ITAR-TASS)

October 17, 2006 -- Rosneft, Russia's second-largest oil producer, and China National Petroleum Corporation (CNPC) have created a joint venture to produce and sell hydrocarbons.

Related Articles

TEXT SIZE - +

October 17, 2006


Three of the company's five directors will be from Rosneft and two from CNPC. CNPC bought $500 million of Rosneft shares on the London Stock Exchange in July.


Rosneft will retain 51 percent of the company. The new joint venture would be called Vostok Energy.


(ITAR-TASS, AFP)

You Might Also Like

Prime Minister Vladimir Putin covers his face during a conference of the Russian Union of Industrialists and Entrepreneurs in Moscow on February 9.

Administrative (Resource) Breakdown

Administrative resources make up the glue that holds authoritarian structures like Putin's power vertical together. And there have been plenty of signs recently that this glue is weakening. More
Syrians in the northwestern town of Kfar Nubul pose with a cartoon depicting Russia

Angry Over Syria, Arab World Threatens Russian Boycott

Groups in a number of Arab states, angry over the Russian-Chinese veto of a UN resolution aimed at stopping the violence in Syria, have called for a one-day boycott of Russian and Chinese goods on February 12. More
Alla Dzhioyeva attends a protest by her supporters in Tskhinvali on January 28.

South Ossetian Opposition Leader Hospitalized After Raid

Alla Dzhioyeva, the opposition candidate whose victory in a runoff ballot in November for de facto president of Georgia's breakaway region of South Ossetia was swiftly annulled by the republic's Supreme Court, was taken to a hospital after a raid by some 200 masked security personnel on her headquarters in Tskhinvali. More

Most Popular

               
 
 
 
 
Being Discussed Now

Iranian Bomber Wounded In Bangkok

Latest Comment (1 total)

arash: As I've said before this terrorist regime must be thrown out of the ... More

Kosovo Serbs To Vote In Referendum

Latest Comment (4 total)

Eugenio: Ah, Alija, your open-hearted admission of desire to cleanse the ethnic Serbs from ... More

U.S. Hearing On Balochistan Raises Hackles, Awareness In Pakistan

Latest Comment (11 total)

Mah: Really? You wanna divide Balochistan? That's the outrageous idea I've heard so far. ... More