Home » Blog » Materials and Products

Rosneft and KRG sign Oil Deal Materials and Products

23 Feb 2017| Posted by Marsh | In Materials and Products

Materials and Products procurement

South Asia Gas Enterprise Pvt. Ltd. (SAGE) Invites Tenders for Rosneft and KRG sign Oil Deal. Tendersontime, a leading business leading Tender Notice Portals is the first agency to report this notification.

The services under this assignment will generally include:

   Rosneft and KRG sign Oil Deal

   Russia’s Rosneft and the Kurdistan Regional Government of Iraq signed a Cooperation Agreement in the fields of upstream, infrastructure, logistics and trading. The document was signed on the sidelines of the IP week conference in London.

Pursuant to the Cooperation Agreement the parties signed a pre-financed Crude Oil Purchase and Sale Contract of Kurdistan Region Crude oil over the period 2017-2019. The purchaser of crude will be Rosneft’s trading arm – Rosneft Trading SA.

Commenting on the deal Rosneft Chief executive officer Igor Sechin (pictured) said:

“We are delighted to be embarking on new activity together in the Kurdistan Region and look forward to developing new markets worldwide for Kurdish crude oil. The off-take and supply of Kurdish crude oil into Rosneft’s expanding worldwide refining system will further contribute to the increase in its effectiveness”.

His Excellency Minister of Natural Resources in the Kurdistan Regional Government of Iraq Dr. Ashti Hawrami stated that:

“This deal represents a new beginning in our relationship with Rosneft and opens up the possibility of a broader relationship in all fields of energy cooperation with Russian Oil company Rosneft within Kurdistan”.

   For further details, please call on +91-9218088010, +91-9218540407 or email at info@tendersontime.com or register on the website: https://www.tendersontime.com/register/

Tendersontime, the world's Procurement Search Engine , would like to inform all interested firms, joint ventures and companies who participate in such projects, to use this opportunity and expand their business.

 

 

 

 

 

Blog By Categories