This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.
Rosneft in five years will supply Mongolia with petroleum products for $ 1 billion
Rosneft is expanding its presence in the oil products market in Mongolia. As part of SPIEF 2014, she signed two five-year contracts for the supply of petroleum products with Magnai Trade and Shunhlay. The relevant documents were signed by the heads of all three companies. This is stated in the message of "Rosneft".
The total cost of supplies is $ 1 billion, the volume of supplies under the contracts will be more than 1 million tons, the supply period is from June 2014 to May 2019. The aggregate market share of the above two companies reaches 28%.
"Rosneft" is aimed at further increasing the supply of the Mongolian market. Agreements are concluded directly with final consumers of oil products, which is economically beneficial for the parties.
In addition, Rosneft and the Agency for Petroleum Affairs under the Government of Mongolia concluded a cooperation agreement. The document was signed by Igor Sechin and the head of the agency Gungaadzhav Olziyburen. The agreement provides for a joint assessment of the prospects of the parties' participation in infrastructure projects in the field of petroleum products supply, as well as in the development of oil and gas fields in Mongolia.