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Rosneft Spurs Crude Prices Hike
26.06.2013 12:12
Rosneft Spurs Crude Prices Hike
Photo Credit: http://barentsobserver.com

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. 




Author: Mikhail Vesely

Tags: Rosneft Gazprom Neft    

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