China's Sinopec targets Russia expansion; Looks to build cooperation with Rosneft

摘要

Moscow-Chinese oil major Sinopec is looking for new opportunities in Russia, both in the upstream and downstream, and wants to expand cooperation with Russia's state-run Rosneft, a Sinopec official said June 23. "We are interested not only in upstream, but also in refining," said Teng Shengguang, general manager of Sinopec International, the Chinese company's Russian branch. "We plan to cooperate [more] with Rosneft," he told reporters on the sidelines of an energy conference in Moscow.