Russneft has finalized a deal to supply oil to Fuel and Oil Dynamics FZE, a company registered in the UAE. The preliminary value of the deal is estimated at $400 million, according to a statement from the Russian company posted on the information disclosure portal.
The execution period for the deal is from September 1, 2024, to December 31, 2024.
Russneft Group of Companies is one of the ten largest oil production companies in Russia. According to the SPE international classification, the company's 2P reserves exceed 200 million tons of oil. The Group includes four branches in key oil and gas regions of Russia (Khanty-Mansiysk, Nizhnevartovsk, Saratov, and Ulyanovsk) as well as assets in the Tomsk region.
GSV "Russia - Islamic World"
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Based on materials from TASS