Rosneft President, Chairman of the Management Board Igor Sechin and Mitsui & Co., Ltd. President and CEO Masami Iijima signed a Memorandum of Understanding.

The document implies the creation of a joint working group in order to work out specific options of cooperation in the area of building and managing delivery chains of high-tech oil and gas pipes, setting up management of delivery chains and services concerning various Russian offshore exploration projects, and considering the ways of cooperation in the areas of oilfield services development and efficiency and quality improvement.