Rosneft & EGPC in the Area of Oil Product Supplies

Source: www.gulfoilandgas.com 6/19/2015, Location: Africa

Rosneft and the Egyptian General Petroleum Corporation signed a Memorandum of Cooperation at the St. Petersburg International Economic Forum related to the supply of oil products into Egypt. The Memorandum was signed by Rosneft Chairman of the Management Board Igor Sechin and Egyptian General Petroleum Corporation General Director Board Tarek Al Molla.

The signed document envisages cooperation in the area of Gasoil, Gasoline, Fuel Oil, LPG & Bitumen supplies allowing Rosneft to expand its portfolio of products delivered into North Africa. The cooperation with the Egyptian General Petroleum Corporation will enable Rosneft to supply products directly into Egypt increasing the company’s netbacks along the value chain. A joint working group may be formed to develop and execute the project plan outlined within the Memorandum.


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