Rosneft and Sinopec heads discussed cooperation within the realization of the joint projects including long term agreements on hydrocarbon shipment and the contract with Eastern Petrochemical Company, as it was informed.
Rosneft and Sinopec are co-owner of Udmurtneft within the Sakhalin-3 project. In Oct. 2013 they signed export contract on the delivery of 100mln ton of crude oil during 10 years.
Rosneft (TIN 7706107510) is the largest oil company in Russia. It has 17.618bn barrel of the crude in reserves. The 2011-output reached 2.586mln barrel/day (2.6% in rise).
The share capital is worth 105.981mln rub. split in 10598177810 common stocks of 0.01 rub. par. The major holder is Rosneftegaz (75.16%).
The 2013-net profit added 51% (IAS) to gain 551bn rub. from 365bn rub.
The revenues reached 4.649bn rub.; EBITDA - 947bn rub.
The 2013 net profit rallied down (RAS) 2.2 fold to 136.278bn rub. prior year; revenues moved up 36.5% to 3.544tril rub.; costs - 52.5% to 1.969tril rub.; pretax profit being halved to 154.8bn rub.
The IQ 2014 net profit moved down (IAS) 13.7% to 88bn rub. from 102bn rub. prior year period; cut-down is explained by the negative effects of the paper losses prompted by the rate difference (84bn rub.). The revenues from sales reached 1.375tril rub. (69.3% in rise) due to the optimization of the crude sale routes; EBITDA being doubled to 289bn rub.