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Rosneft CEO made welcoming address at CERAWeek International Conference of Energy Industry Leaders

Rosneft CEO made welcoming address at CERAWeek International Conference of Energy Industry Leaders

Moscow, October 27 - Neftegaz.RU. Rosneft CEO Igor Sechin made an online welcoming address at the 39th annual CERAWeek Energy Industry Leaders Conference.

The conference was attended by Narendra Modi, PM of India; Dharmendra Pradhan, Indian Minister of Petroleum & Gas; Alok Gupta, Director of ONGC Videsh; Dan Brouillette, US Secretary of Energy; Mohammad Barkindo, Secretary General of OPEC; Bernard Looney, CEO of BP; Saad Sherida Al-Kaabi, CEO of Qatar Petroleum; Patrick Pouyanné, CEO of Total; Peter Clarke, President of Exxon Mobil Gas & Power Marketing; Lorenzo Simonelli, CEO of Baker Hughes; Jeremy Weir, CEO of Trafigura; Ben van Beurden, CEO of Shell; Ryan Lance, CEO of ConocoPhillips; Ashok Belani, Executive VP of Schlumberger New Energy; Ahmed Al Jaber, CEO of ADNOC; as well as other representatives of the world’s leading energy companies and expert community.

Igor Sechin praised the level of the longstanding partnership between Rosneft and Indian companies. “Dear Mr Modi, your support for joint projects is vital to us, and with respect to this I would like to express our sincere gratitude for your personal contribution that helps develop an effective cooperation and build the energy bridge connecting our countries,” Sechin said in his speech.

Rosneft has been actively promoting the integrated format for cooperation with Indian partners along the whole processing chain, from extraction to refining and oil product sales.

Indian companies (ONGC Videsh, Oil India, Indian Oil Corporation, and Bharat PetroResources) have been owners of 49.9% of the subsidiary Vankorneft since 2016. This company is located in Krasnoyarsk Territory and develops the Vankorskoye oil and gas condensate field, one of the biggest fields discovered and brought on stream over the last 25 years in Russia.

The consortium of Indian companies (Oil India, Indian Oil Corporation, and Bharat PetroResources) owns 29.9% of the Taas-Yuryakh Neftegazodobycha company, which holds licences for the areas in the Central Block of the Srednebotuobinskoye field and for the Kurungsky licence area (co-shareholders are Rosneft and BP).

Since 2001, Indian company ONGC Videsh has been a member of the Sakhalin-1 project (other shareholders are Rosneft, ExxonMobil, and Japanese Sodeco).

Rosneft owns the major 49.13% stake in India’s Nayara Energy, which has top-quality assets, including the Vadinar refinery with a throughput of 20 mtpa. The refinery is the 2nd largest in India and one of the most technologically advanced in the world. Nayara Energy’s business also includes a deep-water port that can accommodate very large crude carriers and one of India’s largest retail network with more than 5800 filling stations.