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Russia's Eastern Energy Policy: A Chinese Puzzle for Rosneft

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Russie.Eurasie.Visions
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Accroche

In the past decade Russia set a strategic goal: to develop the Eastern vector of its energy policy and strengthen oil and gas cooperation with the Asia-Pacific countries. While dialogue on gas with China was stalled, Rosneft, the country's number-one oil company, made a breakthrough in petroleum relations. 

Corps analyses

Rosneft received credits from Chinese banks against guaranteed supplies of oil; lobbied for the construction of a spur to China from the Eastern Siberia—Pacific Ocean pipeline system; dramatically increased oil exports to China; let CNPC and Sinopec enter the Russian upstream; cooperated with them abroad; sold some of its shares to CNPC, and consolidated its position in China's downstream. The state company is fulfilling the government's strategic plans on the diversification of markets for hydrocarbons and the development of the East of the country, while simultaneously influencing state energy policy.

Rosneft has its own long-term plans to become an international energy corporation and it is pursuing the internationalization of its business, including in the Asia-Pacific markets. Yet thanks to China, Rosneft is also supporting its short-term corporate interests: the first two loans were used to pay for the acquisition of Yukos, and now it plans to attract the Chinese money to buy TNK-BP. Therefore, the key question remains: Do its corporate interests correspond to the long-term goals of Russia, in so far as they place the country in a position of dependence on China?

 

Decoration

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ISBN / ISSN

978-2-36567-142-2

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Russia's Eastern Energy Policy: A Chinese Puzzle for Rosneft

Decoration
Author(s)
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Russie, Eurasie, Carte
Russia/Eurasia Center
Accroche centre

Founded in 2005 within Ifri, the Russia/Eurasia Center conducts research and organizes debates on Russia, Eastern Europe, Central Asia, and the South Caucasus. Its goal is to understand and anticipate the evolution of this complex and rapidly changing geographical area in order to enrich public discourse in France and Europe and to assist in strategic, political, and economic decision-making.

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Commanders of Putin's Long War: Purged, Reshuffled and Disgruntled

Date de publication
10 December 2024
Accroche

The trend of reshuffling the Russian top military command in the course of a fast-evolving and far from successful war has progressed unevenly both across the Armed Forces’ structures and in time. The rationale for and timing of the abrupt cadre decisions made by Commander-in-Chief Putin often defy logical explanation, and the rare official clarifications are no more informative than the usual information blackout. 

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Russian Military Manpower After Two and a Half Years of War in Ukraine

Date de publication
25 November 2024
Accroche

In addition to a military victory in Ukraine, the Russian leadership is planning to build up sizable troop formations for a possible conflict with NATO in the Baltic region and the Kola Peninsula. In particular, current plans aim for the military manpower to grow by about 350,000, reaching a total of 1.5 million soldiers and commanders. In the context of the current conflict in Ukraine, this cannot be accomplished without a new wave of mass mobilization. 

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Moldova’s Foreign Policy after 2024 Presidential Elections: Staying on the EU Path, Moving Eastwards or Becoming Multi-vector?

Date de publication
17 October 2024
Accroche

The future of Moldova’s foreign agenda will undergo a stress test during the upcoming presidential elections on October 20, 2024.

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Russian Strategic Thinking and Culture Before and After February 24, 2022: Political-Strategic Aspects

Date de publication
26 September 2024
Accroche

Written by Dimitri Minic, the scientific article "Russian Strategic Thinking and Culture Before and After February 24, 2022: Political-Strategic Aspects" in Russia’s war against Ukraine: Complexity of Contemporary Clausewitzian War by the National Defence University Department of Warfare, Helsinki 2024.

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Russia's Eastern Energy Policy: A Chinese Puzzle for Rosneft