Category: Energy

Translation. Region: Russian Federation –

Source: Rosneft – An important disclaimer is at the bottom of this article.

The economic benefit for China from Russian oil supplies starting in 2022 will be approximately $20 billion, according to Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Sector Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"Thanks to the higher efficiency of purchasing Russian oil compared to the Middle Eastern alternative, the total economic benefit for China starting in 2022, according to our estimates, is approximately $20 billion," Sechin said at the opening of the 7th Russian-Chinese Energy Business Forum (RCEBF) in Beijing.

According to him, Russian energy supplies are a crucial support factor in China achieving its strategic goals. Over the past 10 years, Igor Sechin noted, thanks to a timely shift to the East, Russia has become China's number one oil supplier, with a share of approximately 20%.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Rosneft – An important disclaimer is at the bottom of this article.

The total value of Russia's natural resources is nearly $100 trillion, which is almost twice the value of the United States, said Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Complex Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"Russia, with its unique resource base, can guarantee energy security for all of Eurasia. The total value of our country's natural resources is nearly $100 trillion, almost twice that of the United States," Sechin said at the opening of the 7th Russia-China Energy Business Forum (RCEBF) in Beijing.

He noted that Russia is a key player in the global energy market: its share of global hydrocarbon exports is approximately 15%.

"Here, our cooperation is fully consistent with the principle formulated by Chinese President Xi Jinping: 'Security is a prerequisite for development, and development is a guarantee of security,'" Sechin said at the opening of the 7th Russian-Chinese Energy Business Forum (RCEBF) in Beijing.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Rosneft – An important disclaimer is at the bottom of this article.

China is shaping a new global energy landscape, one that represents a synthesis of traditional and alternative energy sources, said Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Complex Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"Today, China is a great energy power, shaping a new image of the global energy sector. The country is moving at breakneck speed toward building a new type of energy system, a synthesis of traditional and alternative sources," Sechin said at the opening of the 7th Russia-China Energy Business Forum (RCEBF) in Beijing.

According to him, the West has followed the path of the well-known German philosopher Jacob Boehme, who preached a magical method for achieving results: “As we say among our people, ‘by the pike’s command, by my will’ or ‘with God’s help’.”

He noted that China's electricity generation is more than twice that of the United States, while 20 years ago, the situation was exactly the opposite. China accounts for a third of global investment in the energy sector, Sechin emphasized. This year, investment is expected to reach approximately $900 billion, 30% more than the entire North American investment and more than 1.5 times that of Europe.

According to the head of Rosneft, advanced technological development and the unprecedented pace of electrification have made China the world's leading energy consumer. "Such energy needs require a special approach to energy security," Sechin concluded.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Rosneft – An important disclaimer is at the bottom of this article.

China is today the only industrial superpower, noted Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Complex Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"Providing 35% of global industrial production, China is essentially the only industrial superpower today," he said during his speech at the opening ceremony of the 7th Russian-Chinese Energy Business Forum.

Sechin explained that American manufacturing companies' dependence on Chinese components is now three times greater than Chinese companies' dependence on the United States. "But just twenty years ago, it was the other way around," the Rosneft CEO emphasized.

This is the result of the Chinese leadership's consistent and far-sighted policies: one of the key objectives of China's 15th Five-Year Plan is to create the conditions for building a "socialist modern power" by 2035, which entails doubling its GDP. This allows for the simultaneous benefits of both a planned and a market economy. "Thanks to this synergistic effect, China can maintain accelerated economic growth rates of approximately 5% per year. Clearly, such a development trajectory will require further growth in energy consumption," Sechin explained.

He named the development of “productive forces of new quality” as another important priority for China over the next five years, which should be accompanied by the formation of “emerging industries and industries of the future.”

The head of Rosneft noted: "China has already become a global leader in scientific publications in many technological fields. In terms of quantity, the country outstrips both the US and the EU. Furthermore, China ranks first in the world in the number of active patents for inventions."

Eight Chinese universities are among the top ten globally in the prestigious Leiden Ranking, which evaluates universities based on the quantity and quality of their scientific publications. "These achievements are driven by a colossal increase in investment in research and development. Today, the volume of R&D funding in China exceeds the combined total of all EU countries," concluded Igor Sechin.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Source: Rosneft – An important disclaimer is at the bottom of this article.

The dollar's position as a means of payment is weakened by its use as a sanctions weapon, noted Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Sector Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"The dollar's position is weakening not only as a means of payment but also as a global reserve currency. This is being facilitated by the dollar's use as a sanctions weapon," Sechin said at the opening of the 7th Russia-China Energy Business Forum (RCEBF) in Beijing.

According to him, the conditions are being created for the use of alternative instruments, such as gold, the price of which typically rises ahead of global crises. "It is gold that is currently replacing US Treasury bonds, which are gradually losing their 'safe haven' status," Igor Sechin concluded.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Source: Rosneft – An important disclaimer is at the bottom of this article.

In recent years, trade settlements between Russia and China have been almost entirely converted to national currencies, said Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Complex Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"In recent years, settlements between Russia and China have been almost entirely converted to national currencies, and the share of the dollar and euro has shrunk to the level of statistical error," he noted at the opening of the 7th Russian-Chinese Energy Business Forum (RCEBF) in Beijing.

According to him, since 2010, the yuan's share of China's foreign trade has grown from 2% to 52%, while the dollar's share has fallen almost by half – from 83% to 43%.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Rosneft – An important disclaimer is at the bottom of this article.

Timely decisions to create a modern hydrocarbon supply infrastructure have become an important factor in ensuring energy security for Russia and China, said Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Sector Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"In this audience, I would like to extend a warm greeting to the then co-chair of the Russia-China Energy Dialogue, the legendary Chinese leader Wang Qishan, who was recognized by the Russian people as a great friend of Russia and who pioneered the creation of the ESPO pipeline system, which has become a guaranteed route for our supplies. His personal contribution gave a powerful impetus to our partnership in nuclear energy, gas and coal supplies, and electricity flows," Sechin said at the opening of the 7th Russia-China Energy Business Forum (RCEBF) in Beijing.

The head of Rosneft explained that last year, Russia provided almost 19% of China's energy imports, worth a total of approximately $100 billion.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Source: Rosneft – An important disclaimer is at the bottom of this article.

The dynamics of trade turnover between Russia and China in recent years clearly demonstrate the special status of our relations, said Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Sector Development Strategy and Chief Executive Officer of Rosneft Oil Company.

"The dynamics of trade between Russia and China in recent years clearly demonstrate the special status of our relations. Over the past twenty-five years, economic cooperation between Russia and China has reached an unprecedented level. Two years ago, the goal of increasing bilateral trade to $200 billion was exceeded by 20%. Last year, mutual trade volume reached a record $245 billion," Sechin emphasized, speaking at the opening of the 7th Russia-China Energy Business Forum (RCEBF) in Beijing.

"China, as Russia's strategic ally, ranks first among our country's foreign trade partners," he noted, adding that Russia ranks fourth in bilateral trade with China.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Rosneft – An important disclaimer is at the bottom of this article.

The 7th Russian-Chinese Energy Business Forum (RCEBF) opened in Beijing, the capital of the People's Republic of China, on Tuesday.

Around 450 people participate in the RCEBF events, including politicians, representatives of over 100 of the largest Russian and Chinese companies from various industries, scientists, academics, experts, and analysts.

Igor Sechin, Executive Secretary of the Presidential Commission on Fuel and Energy Complex Development Strategy and Environmental Safety, Chief Executive Officer of Rosneft Oil Company, Ding Xuexiang, Vice Premier of the State Council and member of the Standing Committee of the Central Committee of the Communist Party of China, Alexander Novak, Deputy Prime Minister of the Russian Federation, and Dai Houliang, Chairman of the Board of Directors of CNPC, delivered reports at the opening ceremony of the RCEBF.

Also participating in the opening ceremony on the Russian side were Russian Energy Minister Sergey Tsivilev, Chairman of the Management Board of VTB Bank Andrey Kostin, Chairman of VEB.RF Igor Shuvalov, Chairman of the Management Board of Gazprom Neft Alexander Dyukov, CEO of Tatneft PJSC Nail Maganov, Chairman of the Management Board of Inter RAO Sergey Dregval, CEO of Rosseti PJSC Andrey Ryumin, and CEO of RusHydro PJSC Viktor Khmarin. The opening ceremony was also attended by the heads of other Russian companies, including Gazprom, Novatek, Transneft, Rosatom, Zarubezhneft, Gazprombank, SUEK, Kuzbassrazrezugol, TMK, Alfa-Bank, the Petersburg Exchange, and others.

Igor Sechin read a greeting from the President of the Russian Federation to the participants of the RCEBF. According to Vladimir Putin, the bilateral relations of comprehensive partnership and strategic interaction between the Russian Federation and the People's Republic of China continue to develop, and energy is one of the most important areas of practical cooperation.

"We are implementing truly large-scale joint projects in the fuel and energy sector, which are of great importance for the economic and technological development of our countries. Russia ranks first in oil and natural gas supplies to China and is increasing its coal exports. Russian and Chinese specialists are successfully collaborating on the construction of nuclear power plants and the development of clean energy sources, and are working together to improve energy production and processing technologies," Vladimir Putin noted.

The Russian President wished the forum participants fruitful work, expressing confidence in the effectiveness of direct energy dialogue between the two countries' leading companies.

Ding Xuexiang read a message from the President of the People's Republic of China. In it, Xi Jinping sincerely congratulated the forum participants on its opening and noted the key role of the energy sector in developing cooperation between Russia and China.

"I hope that the forum will host discussions that will strengthen energy cooperation for the benefit of both countries and peoples," the Chinese President noted in his message.

During his speech, Igor Sechin expressed deep gratitude to the leaders of Russia and China for their support and ongoing personal attention to the development of bilateral energy cooperation. He also thanked his Chinese friends and personally Vice Premier Ding Xuexiang for the warm welcome extended to the Russian delegation in Beijing.

Sechin noted that companies participating in the RCEBF this year account for up to 40% of trade turnover between Russia and China. Moreover, energy accounts for approximately 70% of Russian exports to China.

"Our forum today is of particular significance for Russian-Chinese relations: this year, Russia and China are jointly commemorating the 80th anniversary of Victory in the Great Patriotic War and the surrender of Japan, which ended World War II. Large-scale celebrations were held in Moscow on May 9 and Beijing on September 3, with the participation of the leaders of our two countries, and these celebrations resonated widely internationally," Sechin recalled.

Igor Sechin also quoted the Russian President, who said in August of this year: “The memory of the joint struggle of the Soviet and Chinese peoples against German Nazism and Japanese militarism is an enduring value for us.”

The Russia-China Energy Business Forum has been held annually since 2018 in accordance with agreements reached between Russian President Vladimir Putin and Chinese President Xi Jinping. The event is held under the auspices of the Presidential Commission for Fuel and Energy Sector Development Strategy and Environmental Safety and the National Energy Administration of China. Rosneft and CNPC are co-organizers of the RECBF.

Department of Information and Advertising of PJSC NK RosneftNovember 25, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

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Source: Rosneft – An important disclaimer is at the bottom of this article.

The 20th Interregional Scientific and Technical Conference (ISTC) of Rosneft Oil Company began its work in Moscow.

More than 600 people are participating in the anniversary conference, including young professionals from 77 of the Company's subsidiaries—winners of the 2025 regional and cluster conferences—as well as students from Rosneft's partner universities: Gubkin Russian State University of Oil and Gas, Lomonosov Moscow State University, Tyumen Industrial University, Ufa Petroleum Technical University, and the Catherine II Empress St. Petersburg Mining University.

The Gubkin Russian State University of Oil and Gas hosts 20 specialized sections of the International Scientific and Technical Complex, covering all of Rosneft's core business processes. 320 projects by young specialists have reached the competition finals and will be evaluated by a panel of experts, comprised of executives and experts from the Company's central office.

The conference provides an opportunity to identify projects that will enhance business efficiency and recognize young professionals with high potential for inclusion in the Company's talent pool. All conference winners and runners-up, as well as their scientific advisors, will receive commemorative awards and cash bonuses.

This year, the International Scientific and Technical Conference (ISTC) organized its first international student section on "Oil and Gas Field Development." Students from Russian State University of Oil and Gas (RSU) and friendly countries, who are studying with financial support from the Company, are invited to participate.

The conference also included a formal awards ceremony for 93 winners and runners-up. XX Corporate Review-Competition "Best in Profession"They participated in a training program to develop soft skills, such as teamwork, effective communication, and mentoring. The competition helps enhance the prestige of blue-collar jobs, improve production culture, and enhance industrial safety.

Rosneft holds annual scientific and technical conferences to develop the professional competencies of young specialists, increase their motivation and engagement in innovative research activities, and encourage talented youth.

The projects presented at the International Scientific and Technical Conference (ISTC) are of significant practical importance for the Company's production and business operations. In 2025, Rosneft implemented 31 projects selected at the ITC last year. Their expected economic impact exceeds 780 million rubles. Another 21 projects are planned for implementation at the Company's facilities in 2026-2027.

Over the past 20 years, young specialists have presented 4,310 projects at the final stages of the International Scientific and Technical Conference (ISTC), 1,221 of which have received recommendations for implementation, with an economic impact of 5.6 billion rubles.

Reference:

The scientific and technical conference is an effective way to engage with young Rosneft specialists and assess their potential. The conferences are held in three stages:

Stage 1 – Regional scientific and technical conferences (RSTC) in the Company’s subsidiaries.

Stage 2 – Regional scientific and technical conferences (RSTC).

Stage 3 – final Interregional Scientific and Technical Conference (ISTC) in Moscow.

Department of Information and Advertising of PJSC NK RosneftNovember 24, 2025

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.