Deputy Prime Minister Igor Sechin and Eduard Khudainatov, the CEO of Russia's largest producer Rosneft held a meeting with Total's Christophe de Margerie and another one with BP's Robert Dudley to discuss potential cooperation in offshore oil deposit projects usually closed to foreigners, a Rosneft spokesman said.
Russian Deputy Prime Minister Igor Sechin and Eduard Khudainatov, the CEO of Russia's largest private producer, Rosneft, held a meeting with Total's Christophe de Margerie and another with BP's Robert Dudley to discuss potential cooperation in offshore oil deposit projects that are usually closed to foreigners, a Rosneft spokesman said.
The participants in the meeting also discussed the entrance of Rosneft in the posession of 50 % of the German Ruhr Oel GmbH company. Rosneft takes over Petroleos de Venezuela’s (PDVSA) massive refining capacities in Germany and with this acquires 10 percent of the total German refining capacities. Signed by the presidents of Rosneft and PDVSA, Eduard Khudaynatov and Rafael Ramirez on the 16th of October, the agreement stipulates a price of only $1.6 billion, heavily discounted in Rosneft’s favor due to the current economic recession in Europe. The sale and purchase should enter into force in 2011, subject to German and European regulatory approval.
