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Russia's Rosneft to receive first Iraq's Kurdish oil cargo this week

  MOSCOW: Russia's Rosneft, the world's top listed oil producer, will receive first cargo of 600,000 barrels of
Published Updated

 

rosneft-1024MOSCOW: Russia's Rosneft, the world's top listed oil producer, will receive first cargo of 600,000 barrels of oil from Iraq's Kurdistan this week, the company said on Thursday.

"If the economics of such a potential deal should prove profitable, the company will be eager to acquire more crude from the region," a Rosneft spokesman said, adding that this type of oil matches the company's German and Indian interests.

Rosneft is yet to complete the deal to buy a stake in India's Vadinar refinery. Rosneft added that the cargo was offloaded in Trieste and sent by pipeline directly to Rosneft refining assets in Germany.

 

Copyright Reuters, 2017
 

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