The board of Rosneft has approved deals to sell refined
products to BP worth more than $6 billion, the Russia-based
company said on Tuesday.
This comes on top of a prior agreement to sell oil worth $5.3
billion to BP.
In a regulatory filing, the Russian producer said it would
ship up to 3.2 million metric tons of fuel oil to BP
Singapore between November 2013 and December 2014.
Rosneft will also sell up to 1.44 million tons of diesel to
BP with an estimated value of $1.77 billion.
Additionally, Rosneft will supply BP with up to 2 million
metric tons of fuel oil to BP worth approximately $1.62
billion, and up to 60,000 tons of naphtha estimated at $65
The announcement follows a deal last month when BP said it
would purchase $5.3 billion worth of oil from Rosneft.
Rosneft became Russia's largest publicly traded oil company
in March 2013 after the $55 billion takeover of TNK-BP, which
was Russias third-largest oil producer at the