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Rosneft signs deals on energy supplies with Mongolia
Central Asia | business | 13:39, 26 May 2018 | 2132

AKIPRESS.COM - Russia’s largest oil producer Rosneft signed deals on energy supplies with Ghana and Mongolia, the company said.

It said it had signed long-term contracts worth $2.1 billion to supply gasoline and diesel fuel to the largest Mongolian importers of oil products.

It also said it had signed a package of documents to deliver liquefied natural gas (LNG) to the port of Tema in Ghana. Under the terms of the 12-year deal, it will supply 1.7 million tonnes of LNG per year.

"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," the statement says, adding that the total value of these contracts is $2.1 bln.

Rosneft supplies gasoline, diesel fuel, jet fuel, fuel oil, bituminous materials and liquefied petroleum gases to Mongolia. Contracts signed in 2014 allowed Rosneft to increase its presence on the Mongolian market to 80%.

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