Economy

Rosneft Increases Petroleum Product Supplies to Turkey

Rosneft Increases Petroleum Product Supplies to Turkey December 4, 2017Leave a comment
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Rosneft announces on supply increase of petroleum product to Turkey.

Rosneft signed quite a few documents with Turkey’s leading energy companies about the sidelines on the top level negotiations between your President of Russia Vladimir Putin along with the President of Turkey Recep Tayyip Erdo?an.

Rosneft and Demiroren Group Companies signed a on petroleum product supplies during 2018-2020.

The document follows through to the creation of the actual partnership between your parties: in December 2016, a binding agreement was signed for Rosneft to offer as much as 840 th. t of diesel fuel.

The new agreement determines the goal of the parties to sign a further deal for the actual up to 4.6 mmt of oil products by 2020, which 3.6 mmt of ultra-low-sulfur diesel-10 ppm and 1.0 mmt of liquefied petroleum gas. On account of the implementation in the agreement, Rosneft will see over fifty percent of Demiroren’s annual consideration in petroleum products.

When the agreement enters into force, Rosneft will significantly strengthen its positions from the Turkish market.

It became known in October of the previous year, Pterocas Energy Group, joint company of Davit Iakobashvili and Rosneft was involved in their bond agreement.

It notes, the fact that agreement means way to obtain petroleum products for Turkish company via the South – Caucasian transit corridor, together with Georgian and Russian ports.

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