Russia's Rosneft Signs Oil Supply Deal With Greece's Motor Oil



Reuters

MOSCOW, Nov 20 (Reuters) - Russia's largest oil producer Rosneft and Greece's Motor Oil Hellas Corinth Refineries have signed a deal on mutual supplies of crude oil and oil products for the next five years, Rosneft said on Monday.

Rosneft said the deal, signed with the participation of Petrocas Energy, a Rosneft subsidiary, implied the possibility of increasing annual oil and oil product supplies to up to 7.5 million tonnes (150,000 barrels per day).

"The document will also enable Rosneft to independently sell oil products produced at the refineries of Motor Oil Hellas for trading using facilities of Petrocas Energy," Rosneft said.

(Reporting by Maria Kiselyova; writing by Vladimir Soldatkin; editing by Maria Kiselyova)



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES