Rosneft Approves Oil Shipments To BP

News: Russian oil company Rosneft's board has approved contracts for the supply of crude and fuel oil valuing around US$273mn to UK oil company BP. Under the terms of the contracts, Rosneft will supply around 270,000 tonnes of fuel oil on a free-on-board (FOB) basis to BP Oil International for any Black Sea port. The contracts also allow Rosneft to supply close to 100,000 tonnes of crude oil on a FOB basis at the Pacific port of Kozmino to BP Singapore PTE.

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Related sectors of this article: Oil & Gas, Oil Market
Geography: United Kingdom

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