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Rosneft and Tsinghua University expand cooperation

16 June 2023

Rosneft and one of the leading China's higher schools, Tsinghua University, signed a Memorandum of Cooperation in the Research and Development at the XXVI St. Petersburg International Economic Forum. 

The implementation of advanced approaches and new technologies is one of the key areas of the Rosneft-2030 Strategy. The Company pays special attention to innovative development, defining technological leadership as the key factor of competitiveness in the oil market.

The Memorandum implies scientific research to develop technologies related to exploration and production, oil refining, petrochemistry, and renewable energy sources. Joint research in carbon management will also become one of the key cooperation areas. In particular, this concerns technologies for emission reduction and greenhouse gas absorption, energy efficiency improvement, and also capture, utilization and storage of carbon dioxide and methane.

The cooperation between Rosneft and Tsinghua University will contribute to the strategic goals of the Company to reduce emissions and mitigate environmental footprint.

 Rosneft was the first in the oil and gas industry that set the goal to achieve  carbon neutrality by 2050 and included it into its Rosneft-2030 Strategy‑. The Strategy also announces short- and mid-term outlooks of the climate agenda: 5% cut-down of absolute greenhouse gas emissions by 2025;  cut-down of methane emissions to less than 0.2% by 2030; zero routine flaring of associated petroleum gas; decrease of specific greenhouse gas emissions in Upstream to less than 20 kg of CO2 per boe; over 25% reduction of absolute greenhouse gas emissions by 2035.

For reference:

Tsinghua University is one of the leading China's universities, it was established in 1911. It is included in League C9 representing nine Chinese universities. Tsinghua University ranks first in the list of the best China's universities and enters the list of 100 best universities of the world on a regular basis.

Among the graduates of Tsinghua University are leading scientists, people of art and politicians including Chinese President Xi Jinping and his predecessor Hu Jintao.

Rosneft and Tsinghua University cooperate in the training of personnel with the engagement of the best Russian partner universities including Ufa State Oil Technical University and Moscow State Institute of International Relations (University) of the MFA of Russia (MGIMO).

Information and Advertising Department
 June 16, 2023

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Keywords: Social News 2023