Russia's central bank keeps key rate at 9%Business & Economy July 28, 13:47
Press review: Exiled Saakashvili to fight Poroshenko and Pentagon's chance to improve tiesPress Review July 28, 13:00
Putin approves Foreign Ministry’s statement in response to US sanctionsRussian Politics & Diplomacy July 28, 12:54
Moscow cuts back number of personnel in US diplomatic and consular missionsRussian Politics & Diplomacy July 28, 12:21
New Gromky corvette floated at Far East shipyardMilitary & Defense July 28, 12:02
EU set to approve expansion of anti-Russia sanctions due to Siemens by August — sourceWorld July 28, 11:20
FSB detains Central Asians on suspicion of plotting terrorist attacks in St PetersburgWorld July 28, 11:16
At least 48 people injured in Barcelona train accidentWorld July 28, 10:17
Expert warns new sanctions against Russia may drive wedge between US and EUWorld July 28, 8:25
ST. PETERSBURG, June 16. /TASS/. Rosneft and PetroVietnam Oil Corporation (subsidiary of PetroVietnam) signed a long-term contract for the supply of for up to 96 mln tonnes by 2040 at the St. Petersburg International Economic Forum (SPIEF 2016) on Friday.
"The volume is up to 96 mln tonnes until 2040. The transaction will be carried out after the necessary regulatory and other approvals are received," the Russian company told TASS.
Head of Rosneft Igor Sechin told journalists that deliveries can begin "at any time" when the deal is ready.
"Thanks to the reached agreements, Rosneft will occupy a leading position in providing energy resources to one of the most dynamically developing Asia-Pacific countries. Long-term nature of the agreement will allow Rosneft not only to improve economic efficiency of deliveries, but will be an additional stabilizing element for the global markets of raw materials," Head of Rosneft commented on the agreement.
The company's press service noted that the agreement is unprecedented, and it demonstrates the success of the Rosneft’s strategy in the area of trade.
Increased delivery volumes allow to create additional shareholder value and expand the company’s cooperation with partners in the market of Southeast Asia.