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Rosneft starts oil product supplies to Turkey

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Staff Writer | December 13, 2016
Petrocas Energy Group, a company of Rosneft group, and a company of Demiroren Group, Total Oil Türkiye A.Ş.) , signed a contract for the deliveries of diesel to Turkey.
Petrocas Energy
Oil exploration   The annual delivery of up to 550,000 t of diesel
The document was signed pursuant to the heads of terms on cooperation and supply of petroleum products, reached by the parties within the World Energy Congress in Istanbul in October, 2016.

The contract envisages the annual delivery of up to 550,000 t of diesel, produced at Rosneft refineries. The first delivery will be carried out in January, 2017.

Demiroren aims to use the products to be purchased for supplying its retail stations in Turkey.

In December 2014, Rosneft acquired 49% stake in Petrocas Energy, which owns and operates oil products terminal in Poti, Georgia and is specialized in transportation, retail distribution and international trading of oil products.