A subsidiary of CNPC, China's biggest supplier of oil and gas, PetroChina company and Russian shipping company Sovcomflot signed yesterday, in St. Petersburg an agreement on strategic cooperation, PortNews correspondent reports quoting Sovcomflot President & CEO Sergey Frank who was delivering lecture for students at Graduate School of Management of St. Petersburg State University.
"They have entrusted us to develop the concept of a 320,000-ton tanker ", Sergey Frank said. The concept includes the development for the Chinese partner a scheme of transportation of oil by large tankers of VLCC class.
"We have invitation from the Chinese side for cooperation in this market segment. We are working", added Mr. Frank. "They see us as a priority partner".
Sergey Frank did not explain whether the agreement provides for construction of new very large crude carriers. The issue is under discussion, he said.
As PortNews has earlier reported, Rosneft and China National Petroleum Corporation signed a Memorandum of cooperation on November 22nd in St. Petersburg. Besides, Sovcomflot and PetroChina signed a framework agreement on strategic long-term cooperation.
"They have entrusted us to develop the concept of a 320,000-ton tanker ", Sergey Frank said. The concept includes the development for the Chinese partner a scheme of transportation of oil by large tankers of VLCC class.
"We have invitation from the Chinese side for cooperation in this market segment. We are working", added Mr. Frank. "They see us as a priority partner".
Sergey Frank did not explain whether the agreement provides for construction of new very large crude carriers. The issue is under discussion, he said.
As PortNews has earlier reported, Rosneft and China National Petroleum Corporation signed a Memorandum of cooperation on November 22nd in St. Petersburg. Besides, Sovcomflot and PetroChina signed a framework agreement on strategic long-term cooperation.
PetroChina Company Ltd. is a Chinese oil company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing.It is China's biggest oil producer,and is the world's most valuable company by market value as of September 28th 2010.PetroChina is the first company to reach a trillion dollar market capitalization.
Sovcomflot Group, founded in 1995, is one of the largest Russian shipping companies. Sovcomflot’s fleet comprises of 146 ships of total deadweight of over 10 million tons. The company shipbuilding program includes 10 ships of total 800,000 DWT. The average Sovcomflot’s tanker age is some 7 years (world’s average - 12 years). The Group ranks the first in the world in the segment of commodities carriers, the second - in Aframax vessels segment. The company has the world’s largest Ice Class vessels fleet. It is also the top global operator of Arctic shuttle tankers and LNG carriers with Ice Class.
Sovcomflot Group, founded in 1995, is one of the largest Russian shipping companies. Sovcomflot’s fleet comprises of 146 ships of total deadweight of over 10 million tons. The company shipbuilding program includes 10 ships of total 800,000 DWT. The average Sovcomflot’s tanker age is some 7 years (world’s average - 12 years). The Group ranks the first in the world in the segment of commodities carriers, the second - in Aframax vessels segment. The company has the world’s largest Ice Class vessels fleet. It is also the top global operator of Arctic shuttle tankers and LNG carriers with Ice Class.