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Sinopec Corp. signs agreements with Russian companies

2019-06-10     Source: Sinopecnews.com

Sinopec Chairman Dai Houliang meets Leonid Mikhelson, Chairman of Novatek’s Management Board, and Dmitry Konov, Chairman of Sibur's Management Board on June 5th.

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China Petroleum & Chemical Corporation (Sinopec Corp. or SINOPEC) announced that on June 5th SINOPEC, Novatek and Gazprombank signed an agreement, with key terms included, in Moscow to establish a joint venture in natural gas trading in China. The agreement was signed in the presence of President Xi Jinping and President Vladimir Putin by Chairman of SINOPEC Dai Houliang and Chairman of Management Board of Novatek Leonid V. Mikhelson. Under the agreement, the joint venture will purchase Liquefied Natural Gas (LNG) from Novatek 's portfolio and sell it to end customers in the Chinese market. The cooperation is subject to necessary regulatory approvals.

"The partnership combines the advantages of all shareholders and generates positive economic and social benefits. It will further advance the diversification of China's natural gas resources, help meet China's growing natural gas demands and improve the condition of China's atmosphere,” said Dai Houliang, Chairman of SINOPEC.

On the same day, China Petroleum & Chemical Corporation (Sinopec Corp. or SINOPEC) and SIBUR Holding (SIBUR) signed a framework agreement for Amur Gas Chemical Complex (Amur GCC) in Moscow. The agreement was signed in the presence of Chinese President Xi Jinping and Russian President Vladimir Putin by SINOPEC Chairman Dai Houliang and Chairman of the Management Board at SIBUR Dmitry Konov. Under the agreement, SINOPEC will have a 40 percent stake in Amur GCC.

"Investing in Amur GCC marks another one of our efforts to deepen cooperation between the two parties since we became a strategic investor of SIBUR. Leveraging our best practices and advantages, we are committed making this partnership represent regional energy cooperation in the downstream petrochemical sector," said Dai Houliang, Chairman of SINOPEC.

"This partnership will enable both parties to develop common expertise and experience to maximize the efficiency of new large-scale projects," said Dmitry Konov, Chairman of Management Board at SIBUR.

On the same day, Dai and Konov also signed an industry cooperation agreement and ZapSibNeftekhim product distribution agreement on behalf of the two companies in Moscow. The parties expressed strong wishes and commitment to strengthen strategic partnerships in China, Russia and other countries, while working together on the export of polyethylene produced by ZapSibNeftekhim to China.

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  6月5日,中国石化股份有限公司、俄罗斯诺瓦泰克公司和俄气银行在莫斯科签署在中国境内设立天然气贸易合资公司的关键条款协议。在中国国家主席习近平、俄罗斯总统普京见证下,中国石化董事长戴厚良与诺瓦泰克公司管理委员会主席列昂尼德·米赫尔松交换该协议。

  根据协议,该贸易合资公司将从诺瓦泰克公司的合同组合中购买液化天然气资源,销售给中国市场的终端客户。该合作将在完成必要的审批程序后生效。

  戴厚良表示:“该合作结合股东各方的优势,具有很好的经济和社会效益,将进一步促进中国天然气资源来源多元化,满足中国日益增长的天然气需求,改善中国的大气环境。”

  同日,中国石化与西布尔控股有限公司在莫斯科签署阿穆尔天然气化工项目框架协议。在中国国家主席习近平、俄罗斯总统普京见证下,中国石化董事长戴厚良与西布尔管理委员会主席德米特里·科诺夫交换该协议。按照协议,中国石化将在该项目中拥有40%股份。

  戴厚良表示:“阿穆尔项目是中国石化成为西布尔战略投资者以来,又一次深度、务实的合作。双方将共同努力,分享行业最佳实践经验,发挥优势,将该项目打造成为两国能源合作向下游石化领域延伸的典范。”

  西布尔管理委员会主席德米特里·科诺夫表示:“该伙伴关系将使双方拓展共同的专业知识和经验,最大限度地提高新建大型项目的效率。”

  同日,戴厚良与西布尔管理委员会主席德米特里·科诺夫还分别代表两公司在莫斯科签署行业合作协议和西布尔西西伯利亚石化项目产品分销协议。双方表示将在中国、俄罗斯及其他国家加强战略合作伙伴关系,同时开展西布尔西西伯利亚石化项目出口中国市场聚乙烯产品的销售合作。(石 萱)

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