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Rosneft signs the long-term contracts with the Mongolian companies

25 May 2018

During the XXII St. Petersburg International Economic Forum, Rosneft signed the long-term contracts for supply of gasoline and diesel fuel with the largest Mongolian importers of oil products. The total value of contracts is USD 2.1 billion. 

The oil products will be sold to 12 consumers, including the owners of major retail site networks such as NIK KOO, Magnay Trade КОО, Oin Birge KOO, and Sod Mongol Group by the Rosneft subsidiary Rosneft-Mongolia KOO on the take or pay basis.

The signed long-term contracts will allow Rosneft to retain stable position in the oil product market of Mongolia and strengthen cooperation with its Mongolian partners. The contracts are concluded directly with the final consumers of oil products, which will allow making these contacts economically attractive for both parties.

Over 10 years of its presence at the Mongolian fuel market Rosneft has increased its share up to 80%. 

Information Policy Division
Rosneft Oil Company
Tel.: + 7 (499) 517-88-97
25 May 2018

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.