Rosneft creates a joint project with China

Russian company Rosneft and Chinese chemical corporation ChemChina signed an agreement for a joint project. Project “Eastern Petrochemical Company” terms are still unknown, but already are known both company’s shares. Rosneft gets 60% of shares, ChemChina 40%. Joint corporation will strengthen economical relationships between China and Russia, and also gives opportunities to release one of the most perspective petrochemical projects in the world.

From the beginning of the month Rosneft stocks increased on 3,2%. It is a great trend, that traders can use to open income deals. Trading will be available during European session, from 7:10 to 14:30 GMT.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.