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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,中國石化股份有限公司、俄羅斯諾瓦泰克公司和俄氣銀行在莫斯科簽署在中國境內設立天然氣貿易合資公司的關鍵條款協議。在中國國家主席習近平、俄羅斯總統普京見證下,中國石化董事長戴厚良與諾瓦泰克公司管理委員會主席列昂尼德·米赫爾松交換該協議。

  根據協議,該貿易合資公司將從諾瓦泰克公司的合同組合中購買液化天然氣資源,銷售給中國市場的終端客戶。該合作將在完成必要的審批程序后生效。

  戴厚良表示:“該合作結合股東各方的優勢,具有很好的經濟和社會效益,將進一步促進中國天然氣資源來源多元化,滿足中國日益增長的天然氣需求,改善中國的大氣環境。”

  同日,中國石化與西布爾控股有限公司在莫斯科簽署阿穆爾天然氣化工項目框架協議。在中國國家主席習近平、俄羅斯總統普京見證下,中國石化董事長戴厚良與西布爾管理委員會主席德米特里·科諾夫交換該協議。按照協議,中國石化將在該項目中擁有40%股份。

  戴厚良表示:“阿穆爾項目是中國石化成為西布爾戰略投資者以來,又一次深度、務實的合作。雙方將共同努力,分享行業最佳實踐經驗,發揮優勢,將該項目打造成為兩國能源合作向下游石化領域延伸的典范。”

  西布爾管理委員會主席德米特里·科諾夫表示:“該伙伴關系將使雙方拓展共同的專業知識和經驗,最大限度地提高新建大型項目的效率。”

  同日,戴厚良與西布爾管理委員會主席德米特里·科諾夫還分別代表兩公司在莫斯科簽署行業合作協議和西布爾西西伯利亞石化項目產品分銷協議。雙方表示將在中國、俄羅斯及其他國家加強戰略合作伙伴關系,同時開展西布爾西西伯利亞石化項目出口中國市場聚乙烯產品的銷售合作。(石 萱)

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