Rosneft's acquisition of TNK-BP has seen oil prices going up in June after the new owner canceled some of the contracts, says Vedomosti.

      Rosneft is re-directing oil supplies to meet its foreign contracts, with Asian partners in particular, say experts quoted by the business daily.

      Prior to the historic Rosneft deal, TNK-BP used to provide a third of all domestic crude supplies, says Mikhail Perfilov, development director of Argus Media.

      Earlier this month, Gazprom Neft announced that Rosneft canceled a contract to supply oil to its Omsk refinery.