BP to buy oil products from Rosneft-backed Nayara Energy
Baku, Azerbaijan, Aug.22
By Leman Zeynalova – Trend:
India-based Nayara Energy, where Russia’s Rosneft company holds 49.13 percent stake, has signed a contract for export of petroleum products to BP and Trafigura, Trend reports citing Russian media.
Reportedly, the contract worth $750 million was signed in the second quarter of 2019.
"In the second quarter, Nayara Energy, an associate of the company, entered into a long-term prepayment contract of $750 million for export of petroleum products to BP and Trafigura by involving a consortium of international banks," the company said in a statement.
Nayara Energy owns and operates India’s second largest single-site, state of the art and one of the most modern and complex refineries in the country, with a capacity of 20 MMTPA and a high complexity index of 11.8. It constitutes approximately 8 percent of India's refining capacity.
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