ROSNEFT & SHELL COOPERATION
RN-Aero (Rosneft subsidiary) has signed a cooperation agreement with the leading Jet Fuel supplier Shell Aviation.
The agreement will allow RN-Aero to provide high level refueling services for its customers at select worldwide locations using Shell Aviation global network.
The expansion of RN-Aero coverage will allow to acquire new competencies whilst giving a substantial marketing boost to the Company profile – the broad geographic reach will increase brand awareness and improve its perception among both Russian and International customers.
The efficient and effective partnership between RN-Aero and business leaders underlines the Company's vocation for international markets and lays the foundation for extensive development on a global scale.
Rosneft operations in the aviation fuel business are covered by the subsidiary RN-Aero. In 2014 Rosneft became the Russian market leader by aviation fuel sales, the planned supplies volume in 2014 is estimated at 3.3 mln tons of fuel.
Rosneft exercise operational control over fuelling complexes in Sheremetievo, Sochi, Krasnoyarsk, Krasnodar, Gelendzhik, Anapa, Rostov-on-Don, Abakan airports. Moreover the Company holds depository cards in Domodedovo and Yakutsk airports. For the time being Rosneft exercise into-plane fuelling in 29 airports in the Russian Federation.
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REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.
BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.
Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.
Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.