ArmInfo. Rosneft Board of Directors has approved a deal with its Armenian subsidiary (Rosneft Armenia) on supply of up to 210.5 thsd tons of oil derivatives worth USD 175 million, the website of Neft Rossii reports with reference to the company's documents.
ArmInfo previously reported that on 1 July 2015, Russian President Vladimir Putin signed a law on ratification of the protocol to the 2 Dec 2013 Russian-Armenian agreement on cooperation in supply of natural gas, oil derivatives and rough diamonds. The matter concerns duty-free supplies to Armenia.
In 2015, according to the indicative balance, Russia supplied 136.2 thsd tons of duty-free petroleum to Armenia, including 120 thsd tons of Russian-made petroleum. The deputy minister added that in 2015 Armenia received 150 thsd tons of Russian-made diesel fuel, 47 thsd tons of fuel for jet engines, (including 8 thsd tons of Russian-made fuel), 29.2 thsd tons of Russian-made oil tar for bitumen production. The indicative balance for each year is approved under the Armenian- Russian Intergovernmental Agreement dated Dec 2 2013. The operator of supply of oil derivatives to Armenia is Rosneft.