Cnooc and gazprom signed a memorandum of understanding in Beijing on September 9. The two sides plan to seek extensive cooperation opportunities in the oil and gas field.
The memo is President xi jinping in China and the Russian federation President vladimir putin signed witness, China's cnooc chairman wang yilin and Russian gas group President miller, respectively, on behalf of both parties sign it.
It is understood that gazprom is one of the world's largest gas company, the master has proven reserves of 26 trillion cubic meters of natural gas, exploitation of natural gas accounted for 1/5 of the world natural gas production, accounting for 90% of the total production in Russia. The company, which has a total of 155,000 kilometers of natural gas pipelines, is the world's largest.
Russia's gazprom also holds the world's largest contract for natural gas exports. The long-term supply of natural gas contracts has exceeded 2.2 trillion cubic meters. A quarter of Europe's gas imports are supplied by the company.
Cnooc, China's largest offshore oil and gas producer, bought Canada's nexen for $15.1 billion in December 2012, the largest acquisition of a Chinese company overseas.
Source: China news network