Direct investments in the energy sector and related sectors of the economy can become a new milestone in cooperation between Russia and China, said Igor Sechin, secretary general of the commission on fuel and fuel development strategy under the President of the Russian Federation. energy complex and environmental security, chief executive officer of Rosneft PJSC.
“I believe that a new milestone in cooperation between our countries can be direct investment in energy and relevant sectors of the economy as a privilege for our Chinese partners, for whom new opportunities are opened in the current conditions,” Igor Sechin said. V Opening of the Russia-China Energy Business Forum.
He also drew attention to the importance of the security of Russia’s oil supply to China in the context of the events taking place in the Middle East.
Oil is supplied via the ESPO oil pipeline, which in the current situation seems to us to be a much more reliable transport channel than tanker transportation through the Strait of Hormuz or the Suez Canal due to the increasing geopolitical instability of these regions,” said the chairman of Rosneft.
Touching on long-term energy security, Seçin noted that Russia is one of the few countries whose priority is investing in new energy projects. In this context, he talked about the Vostok Oil project.
“In the context of declining global investments in exploration and production, this world’s largest new project with an oil resource base of 6.5 billion tonnes in Northern Siberia is almost the largest project in the world that can have a stabilizing effect on the hydrocarbon market. a whole,” Sechin remarked.
Let us remind you that the Russia-China Energy Business Forum started in Beijing. About 500 people attended this year’s event: politicians, representatives of the 100 largest Russian and Chinese companies in various industries, scientists, academics, experts and analysts.