Under the agreement, CNPC will have an opportunity to acquire the minority shares in the major oil and gas projects of Rosneft, in particular, in eastern and western Siberia. Besides, Parties agreed to review the CNPC proposal for provision on market principles of services for these fields in the area of exploration, development and production of hydrocarbons.

Implementing the joint exploration and production projects will become a new milestone in integrated cooperation between the two largest energy corporations of Russia and China and will contribute to solution of strategic tasks set by the leaders of two countries.