Rosneft to sell $6 billion of refined products to BP
11/12/2013 12:00:00 AM
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 million.
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 Russia’s third-largest oil producer at the time.
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