Rosneft inked contract on delivery of up to 2.4 mln tonnes of oil with ChemChina

29/11/2018 09:37 Oil Market


Russian oil giant Rosneft said on Thursday it had signed a contract with China National Chemical Corporation (ChemChina) on the delivery of up to 2.4 million tonnes of oil to the Asian country in the course of 12 months.

"Rosneft and China National Chemical Corporation (ChemChina) signed a contract on oil deliveries on the sidelines of the Russian-Chinese energy business forum. The contract ensures the delivery of up to 2.4 million tonnes of ESPO crude via the port of Kozmino in the course of one year," the company said in a statement.


The conclusion of the contract ensures increasing direct oil deliveries to the strategic Chinese market and guarantees the existence of an efficient export channel, according to the statement.


Daily (15.02.2019): EU carbon prices slumped by around 6% to hit again a 2-month low on Thursday

15/02/2019 11:38:00

Oil prices surged on Thursday, backed by OPEC-led supply cuts and expectations for a potential end to the U.S.-China trade talks. Brent oil extended a three-day winning streak, posting a 1.5% daily gain to settle at $64.57 a barrel. WTI crude rose less, by nearly 1% to $54.41 a barrel, as gains were limited by the lowest U.S. retail spending data since 2009 which raised worries over slower global economic growth.


BP-AKR plans to have 350 fuel stations by 2028

15/02/2019 09:31:00

Publicly listed fuel trader PT AKR Corporindo and British oil and gas company BP have already opened four fuel stations in Indonesia under a joint venture established by the companies. By 2028, they hope to raise the number of stations to 350.


EnBW, Energiekontor sign PPA for 85-MW solar park in Germany

15/02/2019 09:25:00

German utility EnBW Energie Baden-Wuerttemberg AG (ETR:EBK) has signed a 15-year power purchase agreement (PPA) for the output of a 85-MW solar park in northeastern Germany that will be built by project developer Energiekontor AG (ETR:EKT).