Rosneft and ChemChina Sign an Oil Supply Contract
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.
