Rosneft and Krasnoyarsk Territory enter into a Cooperation Agreement
Rosneft and the Government of Krasnoyarsk Territory have signed a Cooperation Agreement at the XXVI St. Petersburg International Economic Forum.
The document was signed by Rosneft Chief Executive Officer Igor Sechin, and Acting Governor of Krasnoyarsk Territory Mikhail Kotyukov.
The document sets out the key areas of cooperation suggesting the implementation of industrial, financial and social programs in the region, as well as the creation of favorable conditions for hydrocarbons exploration and production.
The parties agreed to cooperate in pursuance of Rosneft's strategic projects. Among them: the Company's flagship project Vostok Oil , the Yurubcheno-Tokhomskoye and Kuyumbinskoye fields, as well as the Achinsk Oil Refinery upgrade project.
Under the Agreement, Rosneft and the Government of the Krasnoyarsk Territory also intend to implement joint projects in the area of environmental protection. The key in this area is the unique forest-climatic project already initiated by the parties and approved by the President of Russia, which is designed to unlock the region's potential for natural absorption of greenhouse gases.
In accordance with the Agreement, Rosneft will also provide assistance in the socio-economic development of the region, strengthening social stability, improving the quality and availability of education, and implementing programs for the staffing of investment projects.
The document provides for cooperation between the parties in the development of the industrial and scientific potential of the region and import substitution through the involvement of the region's enterprises as contractors and suppliers of the Company.
For reference:
Krasnoyarsk Territory is a strategic region of Rosneft presence. In the region, the Company is implementing the largest investment project in the global oil and gas industry, Vostok Oil. The resource base of the project exceeds 6.5 billion tons of premium-quality sweet crude oil.
Large enterprises of the Company operate in the Krasnoyarsk Territory: RN-Vankor, Vostsibneftegaz, Slavneft-Krasnoyarskneftegaz (a joint venture with Gazprom Neft), Achinsk Oil Refinery, and also service, marketing and logistics enterprises of the Company.
Information and Advertisement Department
Rosneft
June 16, 2023
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