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At the «Zvezda» Shipbuilding Complex, a meeting was held between Igor Sechin, Chief Executive Officer of «PAO «NK «Rosneft», and Indian delegation led by Minister of Oil, Natural Gas and Steel Dharmendra Pradhan on 22nd of October.

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The Indian delegation included representatives of state structures and business circles of India, including: Chairman of the Board of Directors of ONGC Shashi Shankar, Director of ONGC Videsh A.K. Gupta, director of Bharat Petroleum, Lalit Watts, as well as senior executives from steelmakers Tata Steel, Steel Authority of India Limited, JSW and coal mining Coal India Limited.

The business visit took place within the framework of the agreements reached between the President of the Russian Federation Vladimir Putin and the Prime Minister of India Narendra Modi at the V Eastern Economic Forum in Vladivostok.

During the meeting, the parties discussed relevant topics of cooperation, including cooperation on such successfully developing projects as the development of the Vankor cluster deposits and the development of Nayara Energy.

«Rosneft» is developing an integrated format of interaction with Indian partners. Our teamwork is based on trust, consideration of mutual interests and long-term prospects. The work goes along the entire technological chain - from oil production and refining to petrochemicals and the sale of petroleum products. I hope that today's meeting will give a new impulse to friendship between our countries», Igor Sechin noted in his speech.

The parties considered the prospects for joint participation in the «East Oil» project for development of the agreements reached in September during the visit of «Rosneft» delegation to India.

«Vostok Oil» has a large-scale resource base. A new world-class cluster will be created in the future», said Igor Sechin.

The «Vostok Oil» project includes the resource base of the largest deposits of the Vankor cluster (Vankorsky, Suzunsky, Tagulsky and Lodochny), as well as promising oil fields in the north of the Krasnoyarsk region, such as the Payakhskaya group of fields and the West-Irkinsky site. The cluster approach to the development of these deposits will maximize the realization of their production potential and provide significant synergy.

An additional competitive advantage of the «East Oil» project is its proximity to the unique transport corridor - the Northern Sea Route. Its use opens up the possibility of supplying raw materials from «Vostok Oil» fields in two directions at once: to European and Asian markets. Oil will be transported by Arc 7 ice-class tankers with partial escort by icebreakers, followed by transshipment to typical oil tankers.

According to Igor Sechin, taking into account large volumes of production within the framework of the «East Oil» project, it is advisable to use your own fleet. This ensures timely transportation and eliminates the dependence on freight rates in the market. The proposed logistic scheme will allow for the sale of high-quality raw materials of the «East Oil» project with a significant premium in relation to Brent grade oil.

The Zvezda shipyard is the first center of high-tech shipbuilding in the country and one of the leading shipyards in the Asia-Pacific region. It plays an important role in creating a modern ice and tanker fleet in Russia. During the visit, the Indian delegation got acquainted with the progress of «Zvezda» construction and visited its key production facilities, including a dry dock and an outfit, where the first two vessels are currently being assembled: a supply vessel and an «Aframax» type tanker, the construction of which is in the final stage. In total, 8 vessels are currently being built at the shipyard: 4 supply vessels of reinforced ice class and 4 «Aframax» type tankers.

«Since 2015, on behalf of Russian president Vladimir Putin, the shipyard construction project has been implemented by a consortium of investors led by «Rosneft». A total of 97 objects will be built: 30 of them are large industrial ones, including 16 objects of the first stage, the main of which have already been commissioned, and 14 objects of the second stage. The construction of the second stage is proceeding at a faster pace», Igor Sechin told the Indian delegation.

The meeting discussed the possibility of placing orders on «Zvezda» by Indian companies. The technological capabilities of the shipyard allow to build all existing and promising types of ships, including high-tech nuclear icebreakers, tankers, gas carriers, large-capacity vessels, offshore drilling, exploration and production platforms, ships and vessels of the service fleet, primarily ice class.

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