The Irkutsk Oil Company and the Japanese trading company Marubeni Corporation signed a memorandum on cooperation on June 10, the Irkutsk Oil Company reported in a news release. The goal of the memorandum is to confirm the two companies' strategic relationship in refining natural gas and associated petroleum gas (APG), including the construction of gas pipelines, gas refineries and gas chemical facilities.
The companies will also implement energy conservation and environmental protection projects, supply equipment and construction know-how for oil and gas condensate fields and organize financing for projects in Irkutsk region, attracting Japanese credit agencies. The memorandum was signed by Irkutsk Oil Company General Director Marina Sedyx and Marubeni Executive Director S. Ikuta.