President of Russia
  • Events
  • Structure
  • Videos and Photos
  • Documents
  • Contacts
  • Search
  • Search this website
President of Russia
Mobile version

President's
website
sections

  • Events
  • Structure
  • Videos and Photos
  • Documents
  • Contacts
  • Search
  • Search
  • For the Media
  • Subscribe
  • Directory
  • Version for People with Disabilities
  • Русский

President's
website
resources

  • President of RussiaCurrent resource
  • The Constitution of Russia
  • State Insignia
  • Address an appeal to the President
  • Vladimir Putin’s Personal Website

Official Internet Resources
of the President of Russia

  • Telegram Channel
  • Rutube Channel
  • YouTube Channel

Legal
and technical
information

  • About website
  • Using website content
  • Personal data of website users
  • Contact website team

All content on this site is licensed under

Creative Commons Attribution 4.0 International

Presidential Executive Office2025
Events

Meeting with Rosneft CEO Igor Sechin

Vladimir Putin held a working meeting with Igor Sechin, Rosneft CEO, Chairman of the Management Board and Deputy Chairman of the Board of Directors.

June 20, 2017
18:00
The Kremlin, Moscow
Meeting with Rosneft CEO Igor Sechin.
Meeting with Rosneft CEO Igor Sechin.
Meeting with Rosneft CEO Igor Sechin.
2 of 2
Meeting with Rosneft CEO Igor Sechin.

President of Russia Vladimir Putin: Mr Sechin, there is no need to describe Rosneft, since it has truly become one of the world’s oil and gas industry leaders. A lot has been done lately to consolidate the company. A portion of the company's shares went private, you now have strategic investors who have assumed certain commitments to develop the company and organise the sale of oil and petroleum products. In a word, the company is expanding.

I am aware that a general shareholders’ meeting will be held in a few days, so I would like to ask you to discuss a number of issues related to high technology, digital technology, the latest production techniques and, most importantly, changes on the international market.

You are among the participants in the process of coordinating the positions between our largest companies, and the Government, and, in turn, this is how we formulate our position with regard to our partners on the international oil market.

As a matter of fact, Rosneft participates in developing these decisions. You are aware of what is happening on the international market, so a new corporate strategy should be developed based on your knowledge. Of course, I would like to ask you to get back to the fiscal issues, namely, to paying 50 percent of the dividends based on net revenue.

These and other issues will need to be discussed with your colleagues during the upcoming meeting.

Rosneft CEO, Chairman of the Management Board and Deputy Chairman of the Board of Directors Igor Sechin Sechin Igor Sechin IgorRosneft CEO, Chairman of the Management Board : Mr President,

We have carefully studied the instructions you issued at the St Petersburg [International Economic] Forum. Of course, we will use the upcoming general shareholders’ meeting and the board of directors meeting, which will follow the general meeting, to raise all the issues related to our response to the volatility on the international markets, strengthening the company's position in light of improving its efficiency and reducing costs, using advanced technology, such as digital material management technologies, supply chain management, and overhauling accounting systems across all areas of business pursued by our company.

We signed a relevant technology transfer agreement with General Electric several days ago and hope it will have a major impact. We will have to make some adjustments in corporate strategy.

We will use everything that is aimed at boosting efficiency and adopting cutting-edge technology in oil production and processing to approach the premium customer markets such as petrochemistry.

We will draft instructions and a new corporate strategy to deal with the challenges we are facing.

Vladimir Putin: Please tell us about the new deposit.

Igor Sechin: Mr President, we would like to thank you. You gave us the command to start working at the Khatanga licensed site. Here are the first results of this work. (Core sample is shown.) Please be careful – the core is oil-saturated. It is filled with oil and even has oil staining. This core is unique for our deposits. We made a tentative analysis and its high hydrocarbon content and productive bed thickness allow us to report to you, Mr President, that we are about to discover a very rich deposit.

We brought this core from a depth of 2,300 metres. Our task is to continue research to a depth of 5,000 metres in order to explore Lower Permian beds. Today our geologists are saying these will be unique deposits. According to preliminary technical studies in the Laptev Sea area, they may contain up to 9.5 billion tonnes of geological resources. This requires a serious effort. We hope you will follow up on our work and we will report to you on new results as they come along.

Vladimir Putin: All right.

<…>

See also

Videoconference marking the start of drilling at the Tsentralno-Olginskaya well
April 3, 2017

Topics

  • Energy

Persons

  • Sechin Igor

Publication status

Published in sections: News, Transcripts

Publication date: June 20, 2017, 18:00

Direct link: en.kremlin.ru/d/54830

Text version

NaN /
  • VK
  • Telegram
  • Ok
  • Выделить
Text
2
Photo

Share
Direct link
http://en.kremlin.ru/events/president/news/54830
Share
  • VK
  • Telegram
  • Ok
  • Send by email
  • Print
Send by email

Official Website of the President of Russia:

Meeting with Rosneft CEO Igor Sechin

http://en.kremlin.ru/events/president/news/54830

Last updated at June 20, 2017, 21:42

Официальные сетевые ресурсы

Президента России

Official Internet Resources

of the President of Russia

Русский Английский
  • For the Media
  • Version for People with Disabilities
  • Telegram Channel
  • Rutube Channel
  • YouTube Channel
  • Website of the President of Russia
  • State Insignia
  • Address an appeal to the President
  • Vladimir Putin’s Personal Website
  • Putin. 20 years

Presidential Executive Office
2025

BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy