OREANDA-NEWS. The coordination committee for cooperation between Rosneft Oil Company and China Petroleum & Chemical Corporation (Sinopec) met for the first time in Moscow under the chairmanship of Rosneft’s First Vice President Nikolay Borisenko and Sinopec’s Senior Vice President Zhang Yao Cang.

During the meeting, the parties discussed a wide range of issues, including those related to cooperation in the areas of exploration and development of oil and gas fields, oil refining and manufacturing of petrochemical products, as well as marketing of crude oil. The parties have approved individual members of the three respective work groups.

Regarding cooperation in oil and gas exploration and development, Rosneft and Sinopec addressed the progress achieved to date and future plans at their joint projects - the Veninksy block (Sakhalin-3 project), ОАО Udmurtneft and the Adaysky block in Kazakhstan.

Rosneft and Sinopec also agreed to conduct talks on fields and blocks that are of interest in order to further expand cooperation in exploration and hydrocarbon production in Russia and other countries.