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

29/11/2018 09:37 Oil Market

news

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.

Source: urdupoint.com

Daily (20.05.2019): NBP spot price slumped by 7.5% on Friday amid system oversupply

20/05/2019 11:11:00

Oil prices lost momentum on Friday, weighed by persistent concerns over a weakening demand because of the stalemate in the U.S.-China trade negotiations. However, the decline in the Iranian and Russian exports along with reduced shipments from the North Sea capped losses. As a result, Brent crude retreated by 0.6% to 72.21 USD/bbl. In the meantime, WTI Crude price slipped by 0.2% to 62.76 USD/bbl.

<READ MORE

Alpiq sells two Czech coal-fired power plants to Sev.en Energy

20/05/2019 09:19:00

Swiss company Alpiq has agreed to sell its two coal-fired power plants in the Czech Republic to Sev.en Energy Group for nearly $307.15m (€280m).

READ MORE

Gazprom makes huge Siberian gas discovery

20/05/2019 09:16:00

Russia's state-owned Gazprom Friday announced a 17-trillion-cubic-foot gas discovery in Siberia, Kallanish Energy reports.

READ MORE