YUZHNO-SAKHALINSK (Russia) (Sputnik) — It was reported in late January that Rosneft was planning to deliver 31 million metric tons of oil to China.
"In [20]17 our company will deliver about 40 million metric tons of oil to China, according to our estimates. This is a record amount," Sechin said in an interview with the broadcaster Rossiya.
The oil business between Russia and China has been actively developing recently.
Earlier in September, Sechin said that China's CEFC, which is set to acquire a 14.16-percent stake in Rosneft, would become a minority stakeholder in Rosneft's upstream projects in eastern Siberia as well as other petrochemical projects.
According to the document, Rosneft will deliver a total of 91 million tons of oil to China over 10 years, including 21 million tons that were delivered under the initial contract, and an additional 56 mln tons during 2017-2023.
