Greece’s Motor Oil Signs Oil Supply Deal with Russia’s Rosneft

Greece’s Motor Oil Hellas Corinth Refineries and Russia’s largest oil producer Rosneft have signed a deal on mutual supplies of crude oil and oil products for the next five years, Rosneft said on Monday.

Reuters says that the deal, signed with the participation of Petrocas Energy; a Rosneft subsidiary, implied the possibility of increasing annual oil and oil product supplies up to 7.5 million tonnes (150,000 barrels per day).

“The document will also enable Rosneft to independently sell oil products produced at the refineries of Motor Oil Hellas for trading, using facilities of Petrocas Energy,” Rosneft said.