Mongolia signs oil products deal with Rosneft

Oyundelger 2018-05-28 05:05

Mining

Russia’s Rosneft has signed long-term contracts for the supply of gasoline and diesel fuel with 12 Mongolian importers at the St. Petersburg International Economic Forum.

Russia’s Rosneft has signed long-term contracts for the supply of gasoline and diesel fuel with 12 Mongolian importers at the St. Petersburg International Economic Forum. The oil products will be sold to 12 consumers, including the owners of major retail site networks such as NIK KOO, Magnay Trade KOO, Oin Birge KOO, and Sod Mongol Group by the Rosneft subsidiary Rosneft-Mongolia KOO on the take or pay basis and the total value of these contracts is $2.1 bln. Rosneft, also, supplies gasoline, diesel fuel, jet fuel, fuel oil, bituminous materials and liquefied petroleum gases to Mongolia. Mongolia and Rosneft signed contracts in 2014, which allowed Rosneft to increase its presence on the Mongolian market to 80%.