Feb 13 - Rosneft and Eni Sign Agreement to Develop Trading and Logistics Opportunities

Source Press Release
Company RosneftENI S.p.A. 
Tags Strategy - Downstream, Strategy - Upstream, Upstream Activities
Date February 24, 2013

Rosneft and Eni agreed to strengthen their cooperation by signing a strategic agreement to develop trading and logistics opportunities. The agreement was signed on February 23 in Rome by Igor Sechin,  Rosneft President and Chairman of the Management Board, and Marco Alverà, CEO of Eni Trading & Shipping (ETS).

The aim of the agreement is to develop synergies between the companies’ respective logistic infrastructure networks, extracting additional value from their own equity crude portfolios and refined products production.

Rosneft is Russia’s largest oil producer, while Eni Trading & Shipping is one of the largest buyers of Urals crude in the world and the largest for the Italian refinery system. This agreement contributes to securing market access to  Rosneft production, and will confirm ETS position as one of the leading traders in the European market.

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