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Rosneft approves $273 mln worth of oil shipments to BP

Tue, 11th Feb 2014 05:54

MOSCOW, Feb 11 (Reuters) - The board of Russia's top oilproducer Rosneft has approved deals to supply BP with crude oil and fuel oil worth up to $273 million,Rosneft said in a regulatory filing.

Rosneft has increased direct supplies of crude oil and oilproducts to BP after it bought BP's Russian venture TNK-BP for$55 billion last year, and the British major ended up with 19.75percent ownership of the Russian leading oil producer.

Rosneft said that it would supply BP Oil International Ltdwith up to 270,000 tonnes of fuel oil on a free-on-board (FOB)basis for any Black Sea port.

It would also ship up to 100,000 tonnes of crude oil to BPSingapore PTE Ltd on the Pacific port of Kozmino FOB basis.

Rosneft declined to reveal the supplies timetable.

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