Russia’s Top Oil, Gas Refining Corp Eyes Partnership with PH Energy Players

Officials from the Philippine Embassy in Russia and one of Russia’s top oil and gas refining corporations, GAZPROM NEFT, discuss the possibility of partnering with Philippine independent oil players on a competitive basis which could help provide stable oil supplies and possibly lower oil prices in the Philippines.  From left: Manager for International Projects of GAZPROM NEFT Alexandra Kuznetsov, GAZPROM NEFT Projects Head Igor Valutskiy, Philippine Ambassador to Russia Carlos D. Sorreta, and Philippine Embassy Economic Section Head Vice-Consul Grace Perpetua. (V. Cara photo)

MOSCOW 22 November 2019 — Ambassador to Russia Carlos D. Sorreta met with GAZPROM NEFT executives, led by Head of International Projects Igor Valutskiy, to discuss the energy needs of the Philippines and how GAZPROM NEFT can provide quality products at competitive prices on 28 October 2019 at the Philippine Embassy in Moscow.

During the meeting, GAZPROM NEFT, one of Russia’s top oil and refining companies, showed its interest in partnering with Philippine independent oil firms to bring Russian fuel, oil, and lubricants to the country on a competitive basis.

“We are always looking for opportunities to bring the price of energy down for Philippine consumers and partnering with GAZPROM NEFT may be such an opportunity, not only in lowering energy costs but also in establishing stable and secure supply sources,” said Ambassador Sorreta, agreeing to link GAZPROM NEFT with Philippine independent oil firms.

Energy cooperation was one of the issues taken up during the recent visit to Russia by President Rodrigo Roa Duterte who discussed this matter with Russian government officials and energy companies.

Ambassador Sorreta said he will get in touch with concerned Philippine Government agencies on their discussion during the meeting with GAZPROM NEFT officials about the possible exchange of technology in the areas of refining and tapping depleted oil fields. Also discussed were GAZPROM NEFT products used in the construction industry, including road building. END

For more information, visit https://www.moscowpe.dfa.gov.ph, or https://www.facebook.com/PHLinRussia/ or https://twitter.com/phlinrussia