Rosneft and the Egyptian General Petroleum Corporation (EGPC) signed an agreement for supplies of oil products delivered by Rosneft to the Egyptian company.
The document, signed in continuation of the agreements reached between the companies in July, 2015 envisage the deliveries of 6 combined cargos of Fuel Oil and LCO to EGPC within November and December of 2015.
The execution of the terms of the signed document will allow Rosneft to significantly expand the cooperation with Egypt and EGPC as well as strengthening Rosneft’s position as a supplier of oil products in Northern Africa. Moreover the partnership with the Egyptian company will boost Rosneft trading potential both on a regional and global scale.
The parties plan to increase the cooperation level in the area of oil products supplies and will continue negotiations on the potential expansion of both supply volumes and products portfolio.