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Rosneft & ChemChina Sign an Oil Supply Contract

Source: www.gulfoilandgas.com 11/29/2018, Location: Asia

Rosneft and China National Chemical Corporation (ChemChina) signed an oil supply contract during the first Russian-Chinese Energy Business Forum. The contract provides for supplies of ESPO crude in the amount of up to 2.4 million tons through the Kozmino port for a year.

Conclusion of the contract will lead to an increase in direct supplies of oil to the strategic Chinese market and ensure a guaranteed cost-effective export channel for the Company's crude sales.

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