Russian President Vladimir Putin, via video link, launched the commissioning of the Vostok Oil project — the first oil from the new oil province was loaded onto the Arctic tanker Valentin Pikul

The VIII Russia-China Energy Business Forum (RCEBF) took place in Vladivostok

Igor Sechin, Executive Secretary of the Presidential Commission on Energy Sector Development Strategy and Chief Executive Officer of Rosneft PJSC, concluded his address at the opening of the VIII Russia-China Energy Business Forum by expressing confidence in the success of bilateral Russo-Chinese cooperation.

Mutual settlements between Russia and China are now almost entirely conducted in national currencies, said Igor Sechin, Executive Secretary of the Presidential Commission on Energy Sector Development Strategy and Chief Executive Officer of Rosneft PJSC

The position of Russia and China in the global economy and energy sector creates a fundamental basis for synergy between the two countries, believes Igor Sechin, Executive Secretary of the Presidential Commission on Energy Sector Development Strategy and Chief Executive Officer of Rosneft PJSC

China has successfully accomplished its transformation from a major consumer and importer of energy to an active market leader, said Igor Sechin, Executive Secretary of the Presidential Commission on Energy Sector Development Strategy and Chief Executive Officer of Rosneft PJSC

"China has overcome the Hormuz crisis thanks to its timely creation of stockpiles, large-scale electrification and partnership with Russia," said Igor Sechin, Executive Secretary of the Presidential Commission on Energy Sector Development Strategy and Chief Executive Officer of Rosneft PJSC, delivering his address at the opening of the VIII Russia-China Energy Business Forum

The Hormuz crisis has highlighted the significance of the Northern Sea Route for the global energy system, said Igor Sechin, Executive Secretary of the Presidential Commission on Energy Sector Development Strategy and Chief Executive Officer of Rosneft PJSC

The energy sector powers the entire Chinese economy, from heavy machinery to high technology

China is the sole industrial superpower, controlling approximately 30% of global industrial output, said Igor Sechin, Executive Secretary of the Presidential Commission on Energy Sector Development Strategy and Chief Executive Officer of Rosneft PJSC