print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Rosneft Oil Company press releases

Rosneft Oil Company

November 29, 2018

Rosneft and Beijing Gas set up a joint venture to develop a network of CNG filling stations

An agreement to set up a joint venture for construction and operation of a network of CNG stations in Russia on the basis of Vankor UTT was signed by Rosneft and Beijing Gas Group Company Limited (hereinafter, Beijing Gas) during the first Russian-Chinese Energy Business Forum. Under the agreement, Beijing Gas will have a 45% stake.

Pursuant to the document, the parties will build about 170 CNG stations in Russia, and consider the options of using LNG as a motor fuel. The document will enable the development of strategic cooperation between the partners in the use of natural gas as an ecological fuel.  

Development of the CNG station network in Russia is among key priorities of Rosneft's Retail Business: the use of CNG as a motor fuel will increase the effectiveness of vehicles operation due to transportation cost reduction, and reduce a negative environmental impact of motor vehicles. It is consistent with Rosneft-2022 Strategy and with the Instruction of the RF President concerning the need to develop a market for natural gas a motor fuel. 

For reference:

Beijing Gas belongs to Beijing Enterprises Group Limited and is a leading company in the area of natural gas supplies, gas/power generation infrastructure construction in the Beijing region. The company manages over 20 gas projects in the People's Republic of China.

In June 2017, Rosneft and Beijing Gas Group Company Limited closed the deal to sell a 20% stake in Verkhnechonskneftegaz to the Chinese company. The price of the acquired stake was about $1.1 billion.

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer