Rosneft Oil Company and bp have signed a strategic collaboration agreement focused on supporting carbon management and sustainability activities of both companies.
The agreement builds on years of partnership between the two companies and formalizes key elements of their collaboration on sustainability and work to identify carbon reduction activities and low carbon opportunities.
Based on their longstanding partnership and taking into account the profound changes shaping the global energy transition to deliver more energy with less carbon, Rosneft and bp have agreed to cooperate in identifying and developing new low carbon solutions and programs that will support their shared sustainability goals.
The companies also intend to join efforts in aligning with developing industry methodologies and standards on carbon management, including methane reduction initiatives and energy efficiency application.
“Rosneft and bp are united not only through the longstanding successful partnership in various areas but also in the intention to leverage this experience in future prospective projects outlined in this agreement.”