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 (07.12.2018): Crude prices down by around 3% on Thursday, ahead of the final decision on OPEC supply cuts

07/12/2018 11:56:00

Oil prices were strongly bearish on Thursday, as the OPEC meeting in Vienna ended without an announcement of a decision to reduce crude supply. Brent crude price plunged by 2.5% to $60.06 a barrel. WTI crude lost 2.7% to $51.49 a barrel. OPEC and its allies are likely to discuss today about the terms of supply cuts in order to support the market.


France lifts grid-connected PV capacity to 8.8 GW in Q3

07/12/2018 09:33:00

The total grid-connected solar photovoltaic (PV) capacity in France reached 8,766 MW at the end of September 2018, official statistics show.


PGE seeks partners to build 2.5GW wind farms in Baltic Sea

07/12/2018 09:29:00

Polish state-owned energy company Polska Grupa Energetyczna (PGE Group) has launched a search for business partners to build 2.5GW wind farms in the Baltic Sea.