23 May 2014 14:48
Rosneft and RUSAL Expand Cooperation in the Sphere of Gas and Oil Products Supplies
Within the St. Petersburg International Economic Forum Rosneft Group and RUSAL signed a set of contracts for gas and oil products supplies. The documents were signed - on behalf of the Company by Rosneft President, Chairman of the Management Board Igor Sechin and by Oleg Deripaska on behalf of RUSAL. In particular the contracts envisages Rosneft supplies to of gas and coke to Rusal subsidiaries.
The agreements for gas are designed for a period till the 2029 and presume supplies of over 20 bcm of gas from Rosneft during this period. The importance of these agreements cannot be underestimated within the ambit of the strategic goal of Rosneft - increase to a 20% share of the Russian gas market.
The reached agreements - are a sign of the strategic status of the relations between the two companies. For Rosneft this cooperation create a guarantee outlet for gas and coke. In its turn for Rusal supplies of these resources represent a stable source of energy and raw materials for the operation of its facilities.
Commenting on the signing Igor Sechin said: "The signed agreements with the world leader of aluminium production are an important element of the realization of the gas strategy of Rosneft. On the other hand, these contracts are an evidence of the commitment of both companies to develop long-term partnership".
After the signing Oleg Deripaska said: "We are pleased to start a long-term cooperation in the power sector with the biggest Russian oil and gas company and I am sure that our partnership will evolve dynamically".
Rosneft Information Division
Tel.: + 7 (499) 517-88-97
May 23, 2014
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