Category: English Language

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

China is currently the only industrial superpower, said Igor Sechin, Executive Secretary of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Chief Executive Officer of Rosneft Oil Company.

“Providing 35% of the global industrial production, China, in fact, is the only industrial superpower today,” he said during his speech at the opening ceremony of the VII Russian-Chinese Energy Business Forum.

Sechin explained that American manufacturing companies’ dependence on Chinese components is now three times higher than Chinese companies’ dependence on the US. “twenty years ago it was the other way around,” Rosneft CEO emphasized.

This is the result of the consistent and far-sighted policy of the Chinese leadership: one of the main tasks of China’s 15th five-year plan is to create the conditions for building a “socialist modernized power” by 2035, which implies doubling GDP. It is this policy that allows China to take advantage of both a planned and a market economy at the same time. “Due to that synergy effect, China can maintain an accelerated economic growth rate of approximately 5% per year . Clearly, such development trend assumes further growth in energy consumption,” Sechin noted.

Another important priority for China over the next five years, Sechin mentioned, is the development of “new quality productive forces,” which should be accompanied by the formation of “emerging sectors and industries of the future.”

Rosneft’s CEO noted: “China has already become a global leader in research papers in many technology areas. In terms of their number, the country is ahead of both the United States and the European Union. Furthermore, China ranks first in the world by the number of active patents for inventions.”

Eight Chinese universities are among the top ten in the world in the authoritative Leiden ranking, which evaluates universities based on the quantity and quality of scientific publications. “These achievements are underpinned by a tremendous increase in investment in research and development. Today, China’s R&D funding exceeds the combined total of the European Union,” concluded Igor Sechin.

Department of Information and Advertising
Rosneft Oil Company
November 25, 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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

The experience of the last 10 years has shown that attempts to oust Russia and China from the global market are doomed to failure, said Igor Sechin, Executive Secretary of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Chief Executive Officer of Rosneft Oil Company.

“Let me remind you that, like China, Russia has been under increasing external pressure for many years. The primary goal of this pressure is to push our country out of the global market. The experience of the last ten years has shown that these attempts are doomed to failure,” Sechin stated during the opening of the VII Russian-Chinese Energy Business Forum (RCEBF) in Beijing.

In this context, Igor Sechin also recalled the words spoken by Russia’s leadership on the first day of the Great Patriotic War, which are more relevant today than ever: “Our cause is just, the enemy will be defeated, victory will be ours!”

The head of Rosneft noted that in the coming years, the global economy will undergo profound and complex changes, the signs of which are already visible: growing debt, loss of confidence in the existing financial system, the search for alternatives, including gold, uneven population growth in developing countries, uncontrolled migration, new sources of energy consumption growth, including data centers, which are changing the balance and depriving consumers of affordable energy. “Deepening our strategic cooperation is the key to countering these global challenges. Asymmetric responses will be found,” Sechin added.

In the closing part of his speech, Mr. Sechin quoted a well-known Chinese proverb from the Book of Changes: “When people share a common spirit, their shared strength is so great that it can cut through the strongest metal and overcome any obstacle.”

Sechin also congratulated those present on the start of the VII RCEBF and quoted a statement from the ХХII Congress of the Communist Party of the Soviet Union in 1961: “Our goals are clear, our objectives are defined, let’s get to work, comrades!”

Department of Information and Advertising
Rosneft Oil Company
November 25, 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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

The ongoing sanctions policy against Russia and China will bring Western countries closer to yet another economic crisis, according to Igor Sechin, Executive Secretary of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Chief Executive Officer of Rosneft Oil Company.

“The West’s continued aggressive policy of sanctions against both Russia and China will undoubtedly bring about another economic crisis in Western countries. Not all Western politicians realize the risks they face,” Sechin said at the opening of the VII Russian-Chinese Energy Business Forum (RCEBF) in Beijing. He recalled that today, local tasks are being set to strengthen sanctions in the energy sector, energy assets are being seized in international jurisdictions, and instead of the stated goals, energy consumers in Western countries are already in a dramatic situation.

He recalled that today, local tasks are being set to strengthen sanctions in the energy sector, energy assets are being seized in international jurisdictions, and instead of the stated goals, energy consumers in Western countries are already in a dramatic situation.

“The efficiency with which Russia and China supply their economies with electricity is the foundation of our development, our natural advantage. It is a fundamental factor in our competitiveness. Owing to a balanced energy policy, today the cost of electricity for the industrial sector in our countries is more than two times lower than in the United States and three to four times lower than in some EU countries,” Sechin said.

Mr. Sechin noted that currently, with oil trading at $60 per barrel, American car owners pay $3 per gallon of gasoline, Igor Sechin said. «At the same time, consumers in the US, with electricity priced at 18 cents per kilowatt-hour (for the public), actually pay $125 per barrel of oil equivalent,» he added.

The price of electricity is even higher in the EU. In Germany and Italy, the price of electricity is 40 cents per kilowatt-hour (for the public), which translates into $14 per gallon of gasoline, equivalent to $300 per barrel of oil equivalent. Continued sanctions pressure can only lead to a multiple increase in prices.

«The forecast is very realistic. Such electricity costs will hinder the development of new consumers, including data centers, make it virtually impossible to switch transport to electric traction, require an increase in budget expenditures to subsidize housing and communal services, and ultimately create the conditions for a decline in economic potential, a sharp increase in budget expenditures and household expenses in Western countries,» , Sechin added.

According to Igor Sechin, deprived of access to Russia’s competitive resource base and China’s component platform, Western opponents may lose their technological and economic sovereignty. This will create the conditions for the realization of the risks of civilizational upheaval.

“As the outstanding Chinese strategist and sage Sun Tzu said: “Tactics without strategy is just vanity before defeat,’” Sechin concluded.

Department of Information and Advertising
Rosneft Oil Company
November 25, 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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

“Today, Russia is the only country in the world with expertise in the entire technological chain of the nuclear fuel cycle, from uranium mining to nuclear fuel disposal,” said Igor Sechin, Executive Secretary of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Chief Executive Officer of Rosneft Oil Company.

China is relying on the latest technological achievements of leading nuclear powers, including Russia, to develop its nuclear industry. Four power units at the Tianwan Nuclear Power Plant have been built with Russia’s participation. The construction of four more nuclear units at the Tianwan and Xudapu nuclear power plants will be completed in the next few years. Partnership is developing in the supply of raw materials and the production of fuel cells using Russian technologies.

“Russia is also assisting China in the implementation of a project to build a fast neutron reactor that features deeper fuel burnout and higher efficiency. Let me remind you that our country is the only holder of this technology,” Sechin noted.

Sechin also emphasized the economic benefits of joint projects. The cost of the most modern Russian VVER-1200 reactor is half that of the American AP 1000.

Department of Information and Advertising
Rosneft Oil Company
November 25, 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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

China seeks to achieve independence from geopolitical instability by diversifying the country’s energy mix, said Igor Sechin, Executive Secretary of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Chief Executive Officer of Rosneft Oil Company.

“The challenges facing China’s economy create a need for the country’s energy mix diversification aimed at achieving independence from geopolitical instability and the associated risks,” he said at the opening of the VII Russian-Chinese Energy Business Forum in Beijing.

He quoted Chinese President Xi Jinping’s apt expression: “The rice bowl of energy must be firmly held in our own hands.” Partnership in this area is one of the priorities for Russia and China, Sechin added.

Today, the coal sector is gaining new momentum. “Last year China issued permits to build about 100 gigawatts of new coal-fired power generation. This is the highest record number in the past 10 years. Unlike many Western countries, China understands very well that alternative energy can only complement conventional energy, but not replace it,” said the Executive Secretary of the Presidential Commission. At the same time, Russia provides more than a quarter of China’s coal imports.

Cooperation between the two countries in the gas sector is also developing dynamically, with Russia accounting for more than 20% of China’s gas supplies.

Today China has become a renowned world leader in renewable energy. In recent years, this country is the one that has commissioned the highest volume of new renewable generation capacity, and now hosts over 70% of the world’s manufacturing capacity for the “green” economy equipment.

Department of Information and Advertising
Rosneft Oil Company
November 25, 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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

The growth drivers for global oil consumption are located in the Asia-Pacific region, said Igor Sechin, Executive Secretary of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Chief Executive Officer of Rosneft Oil Company.

“Forecasts of world’s leading analytical agencies indicate that by 2030, oil imports to China may grow by 1.4 million barrels per day. The IEA forecast that neighboring India’s oil demand will increase by two and a half million barrels per day over the next ten years,” Sechin said at the opening of the VII Russian-Chinese Energy Business Forum in Beijing.

One of the key drivers of oil demand is the petrochemical sector, Igor Sechin noted.

“China has become the world’s largest exporter of petrochemical products. According to Oxford University, this sector will provide for the country’s oil consumption increase of more than one million barrels per day by 2030,” Mr. Sechin added.

Department of Information and Advertising
Rosneft Oil Company
November 25, 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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

Trade settlements between Russia and China have been almost entirely converted to national currencies in recent years, said Igor Sechin, Executive Secretary of the Commission for Strategic Development of the Fuel and Energy Sector 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 dollar and euro has decreased to the level of a statistical error,” he noted at the opening of the 7th Russia-China 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
Rosneft Oil Company
November 25, 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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 Commission for Strategic Development of the Fuel and Energy Sector and Chief Executive Officer of Rosneft Oil Company.

“Now I would like to convey warm greetings 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
Rosneft Oil Company
November 25, 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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

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

“The dynamics of trade between Russia and China in recent years clearly demonstrates 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
Rosneft Oil Company
November 25, 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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

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

Around 450 people are participating in the RCEBF events, including political figures, representatives of over 100 major Russian and Chinese companies from various industries, scientists, academics, experts, and analysts.

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

Also participating in the opening from 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 delivered a greeting to the RCEBF participants on behalf of the President of Russian Federation. According to Vladimir Putin, bilateral relations of comprehensive partnership and strategic interaction between the Russian Federation and the People’s Republic of China continue to develop on an upward trend, and one of the most important areas of practical cooperation is energy.

“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 in 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 hold discussions that will strengthen energy cooperation for the benefit of our two 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 continued 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 the 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 celebrating the 80th anniversary of Victory in the Great Patriotic War and the surrender of Japan, which marked the end of World War II. “This date was commemorated by large-scale celebrations held in Moscow on May 9 and Beijing on September 3, attended by the leaders of our two countries, which had a broad international resonance,” 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 treasure 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 events are held under the auspices of the Commission for Strategic Development of the Fuel and Energy Sector and Environmental Security and the National Energy Administration of China. Rosneft and CNPC are co-organizers of the RECBF.

Department of Information and Advertising
Rosneft Oil Company
November 25, 2025

Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.