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Rosneft, ChemChina Nearing Deal on FEPCO Shares
Rosneft, ChemChina Nearing Deal on FEPCO Shares
Sputnik International
Igor Sechin, the head of Russian oil company Rosneft, said that the company and China’s ChemChina are nearing a deal that will see the Chinese chemical giant... 25.06.2016, Sputnik International
2016-06-25T09:12+0000
2016-06-25T09:12+0000
2016-06-25T09:47+0000
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Rosneft, ChemChina Nearing Deal on FEPCO Shares
09:12 GMT 25.06.2016 (Updated: 09:47 GMT 25.06.2016) Igor Sechin, the head of Russian oil company Rosneft, said that the company and China’s ChemChina are nearing a deal that will see the Chinese chemical giant buy shares in Rosneft’s chemical subsidiary FEPCO.
BEIJING (Sputnik) — Russian oil company Rosneft and China’s ChemChina are nearing a deal that will see the Chinese chemical giant buy shares in Rosneft’s chemical subsidiary Far East Petrochemical Company (FEPCO), the head of the Russian company said Saturday.
"We will be through all [required] procedures in the coming months, the framework has been signed," Rosneft's CEO Igor Sechin said.