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Gazprom CEO Alexei Miller and Rosneft President Sergei Bogdanchikov have signed an agreement on strategic cooperation till 2015
Gazprom CEO Alexei Miller and Rosneft President Sergei Bogdanchikov have signed an agreement on strategic cooperation till 2015. In considering participation in joint exploration and development projects the contracting parties will proceed from the 50/50 sharing pattern, Prime-Tass quotes Gazprom’s statement as saying. Rosneft and Gazprom will pool efforts in exploration, development, transportation, and refining of hydrocarbons; acquisition and marketing of natural and casing head gas; generation and marketing of electric and thermal power, manufacture of oil and gas production and energy equipment; development of industrial facilities and infrastructures, and research, information, ecological, social and personnel logistics. The two companies declared the intention to jointly participate in bidding contests for resources development licenses and in implementing joint projects. Rosneft and Gazprom will be coordinating action and exchanging geological information regarding the projects being implemented in conducting exploration work and in developing and creating geological and geophysical data bases. In particular, the two companies will be jointly creating gas processing and gas chemical industrial facilities in eastern Siberia and the Far East. Gazprom will be purchasing from Rosneft natural gas produced at fields in West Siberia and connected to Gazprom’s pipeline system in any amounts provided they are not below the 2006 level.
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