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Gunvor Awarded Rosneft Products Tender
31 October 2012
Gunvor Group has signed a contract with JSC Rosneft, under which it will export oil productsOil products, also known as petroleum products or refined products, refer to the various fuels and petrochemicals that are derived from crude oil refining processes. These products play a critical... Read more from the Samara group of refineries (Kuibyshev, Novokuibyshevsk and Syzran) through its terminals, the 100 percent owned Ust-Luga terminal (Baltic Sea) and the 50 percent owned Novorossiysk terminal (Black Sea).
The one-year contract of approximately 6 million tons has been awarded following a tender held by JSC Rosneft. Gunvor submitted a package proposal, which includes procurement services, transportation and transshipment of oil products. Transoil will supply the railway transportation between the refineries and terminals.
This is a landmark deal, whereby Russia’s largest oil company will be able to take advantage the country’s most cost-efficient export facilities, which have been created by Gunvor Group.
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