Sovcomflot plans to boost share in shipment of Russian oil, gas

Business & Economy September 25, 2023, 14:34

It is highlighted that Sovcomflot’s share on the market was around 12% over the past several years

ST. PETERSBURG, September 25. /TASS/. Sovcomflot plans to boost its share in shipment of Russian oil and gas considering investment plans, Chief Executive Officer Igor Tonkovidov said in an interview with TASS.

"According to our estimates, Sovcomflot’s share on the market was around 12% over the past several years. Considering the existing investment plans we plan to boost this share," he said.

Sovcomflot Group is Russia’s largest shipping company and one of the global leaders in marine transportation of hydrocarbons, including crude oil and petroleum products, liquefied gas, and in transport servicing of oil and gas projects on the continental shelf, including offshore seismic exploration.

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