Category: Rosneft

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.