ChemChina and Rosneft to Start FEPCO feasibility study
6/27/2016 9:30:51 AM
Photo courtesy of ChemChina
China National Chemical Corp. Chairman Ren Jianxin and Rosneft CEO Igor Sechin signed a heads of agreement to cooperate in developing a feasibility study for the Far Eastern Petrochemical Company (FEPCO)project on 25th June, 2016.
FEPCO, one of the largest industrial complexes in Russia, will help substitute exported feedstock with high added value products. According to the HoA, the two parties will jointly do the Feasibility Study of FEPCOproject. This signed HoA marks the latest step in the strategic partnership of ChemChina and Rosneft.
As part of the strategic partnership, ChemChina and Rosneft have extended their one-year crude supply contract.
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