Rosneft, PDVSA sign long-term oil, products supply contract

OAO Rosneft reported signing a long-term supply contract for oil and oil products with Petroleos de Venezuela SA (PDVSA).

Rosneft expects to receive supplies of more than 1.6 million tonnes of oil and 9 million tonnes of products within 5 years.

Rosneft said it has received 375,000 tonnes of products via another supply contract the companies signed in May.

The companies also have five joint oil production projects in Venezuela (OGJ Online, July 30, 2014).

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...