Rosneft to sell 50 million tons of fuel to the owner of the Ukrainian pipeline

Роснефть продаст 50 млн тонн топлива владельцу украинского трубопровода

The period of supply of petroleum products for 10 years.

Company Rosneft has signed a ten year contract to export 30 to 50 million tons of diesel fuel with the company ITC Industry Trading Company SA (Switzerland), the head of which is the owner of the only Ukrainian pipeline a German citizen Anatoly Schaefer. It is reported with reference to the system of corporate disclosure by Russian companies.

It is noted that the period of supply of petroleum products is for 10 years from January 1, 2018 with possibility of delivery of carryover volumes before 30 June 2028, inclusive.

“The size of the transaction in monetary terms and as a percentage of the value of the assets of the Issuer not specified, since it depends on the market price of diesel fuel in the long term, the price of each delivery is determined by the formula,” – said in the message.

Rosneft will supply ITC Industry Trading Company from 3 to 5 million tons per year of diesel fuel Euro c sulfur content to 10 ppm.

According to calculations by the media, given the wholesale prices for diesel fuel, the amount of the transaction can be estimated at 30-50 billion dollars.

We will remind, earlier it was reported that the supplier of nuclear fuel to Ukraine is facing bankruptcy.