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Rosneft Announces to Buy and Sell Kurdish Oil Until 2019

The oil company will get the Kurdish crude oil to be refined in its refineries, it added.

Baghdad/ Iraq TradeLink: Russian Rosneft signed a contract with the Iraqi Kurdish region to buy and sell its oil till 2019.

 
In a statement of the official electronic site of the Russian oil company, it added that the contract extends from 2017 to 2019, with hopes to find new markets for the Kurdish oil.

The oil company will get the Kurdish crude oil to be refined in its refineries,  it added.

Rosneft joined the international oil club looking for the Kurdish oil, but it is the first company that will pay in advance to buy its oil.

It is expected that a shipment will be loaded in a vessel named Minerva Sophia from the Turkish Cyhan port to Italian Tristi port where the crude oil shall be transported via pipelines to Rosneft refineries in Germany.

Source: Iraq TradeLink

 

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