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Rosneft to ship record 40 MMt of oil to China in 2017

September 12/2017

MOSCOW (MRC) Russia's top oil producer Rosneft plans to export a record 40 MMt of crude oil to China this year, Chief Executive Igor Sechin was quoted as saying on Sunday, said Hydracarbonprocessing.

Rosneft said previously it planned to ship 31 MMt of crude to China this year.

"In 2017 our company will deliver, according to our estimates, around 40 MMt of crude oil to China. It's a record volume," the RIA news agency quoted Sechin as telling Russian state television.

As MRC informed earlier, Rosneft has signed a contract to supply 96 MMt of crude oil to PV Oil, an affiliate of state oil and gas PetroVietnam, starting in 2017.

Rosneft became Russia's largest publicly traded oil company in March 2013 after the USD55 billion takeover of TNK-BP, which was Russias third-largest oil producer at the time.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil, Rosneft.
Category:General News
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