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Russia's Rosneft says Sinopec may buy 49 pct stake in two fields

Reuters - UK Focus

MOSCOW, Sept 3 (Reuters) - Russia's Rosneft said on Thursday China Petrochemical Corporation (Sinopec (HKSE: 0386-OL.HK - news) ) had the right to buy a 49 percent stake in its subsidiaries that hold the exploration licenses for Russkoye and Yurubcheno-Tokhomskoye fields.

The option is part of an agreement on cooperation within the proposed joint development of the two oil fields that was signed in Beijing, Rosneft said in a statement. (Reporting by Polina Devitt; editing by Maria Kiselyova)