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The Russian energy company supplied 112,000 metric tonnes of its IMO 2020-compliant RMLS 40 low sulphur bunker fuel to domestic and overseas shipowners in the first three months of the year.

In its Q1 2020 financial report released this week, Rosneft said that its RMLS 40 product is now being produced at its Komsomolsk, Achinsk,  Bashneft-Ufaneftekhim and Syzran refineries.

Rosneft’s Q1 2020 refining output totalled 28.7 million metric tonnes (mt), a 1.4% quarter on quarter increase and a 6.9% rise year on year.

In the first three months of the year, crude oil sales to non-CIS countries totalled 36 million mt, a 12.8% year on year rise. The Asian market made up 57.2% of international sales, a 7.4% rise year on year.

The company highlighted the signing of a long-term agreement with Total Oil Trading to supply 7.7 million mt of oil via the Druzhba pipeline to Germany from April this year to May 2022.

Rosneft has also started supplying a total of 3.9 million mt oil to Germany as part of one-year agreements with Shell and ENI.

The company has also entered into an agreement to supply Indian Oil Corporation with up to 2 million mt of crude via the Novorossiysk Sea Port until the end of 2020.

Across Q1 2020, Rosneft sold 28.4 million mt of petroleum products, a 2.9% year on year rise. International non-CIS sales of petroleum products increased 9.4% year on year to reach 17.4 million mt.

The company also noted that its agreement to exit all Venezuelan projects, including production and oil field service ventures and commercial and trading operations, was completed in April.

 

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