(EnergyAsia, April 30, Monday) — China’s Sinopec and Russia’s Rosneft have signed a deal to jointly explore and develop the Venin offshore basin in Russia’s Sakhalin region. Rosneft will have a 74.9% stake while Sinopec 25.1% in the venture to explore the shelf in the Sea of Okhotsk, covering an area of 5,300 square km…
RUSSIA: Agreement with Sinopec to explore off Sakhalin Island, but no deal on oil pipeline
Posted on April 30, 2007 by EnergyAsia