Trafigura will increase purchases of petroleum products from Rosneft

Moscow. December 22. Dutch company Trafigura Beheer BV, the third-largest independent commodity trader, agreed to purchase additional volumes of oil products from Rosneft, the Financial Times reports with reference to the statement of the trader.

“Agreement on the marketing and supply of petroleum products concern, agreed at market conditions after a competitive procurement procedure”, – stated in the message Trafigura.

Pre-export financing supply is not available, the company said.

According to unofficial data, the British newspaper, the speech in the agreement goes about 20 million tons of oil products, or 400 thousand barrels per day.

Trafigura, writes the FT, supplied in recent months on the market 500 thousand barrels per day of oil from Rosneft, is now set to become one of the main exporters of oil products from Russia.

The Dutch company raised its adjusted profit for the 2015 financial year by 6.5% to $1.1 billion thanks to record earnings from oil trade. The company’s revenue declined 23%, to $97.2 billion, reflecting a fall in the prices of raw materials in the world to its lowest mark in six years.

In total, the volume of trading operations Trafigura with all kind of raw materials last year amounted to $ 198,4 million tons.

The volume of transactions with oil in the past fingado rose 22%, to a record 146,3 million tons, or about 3 million barrels per day and gross profit of the unit jumped 50 percent to $1.7 billion gross profit from operations with metals and iron ore remained almost unchanged – $920 million, while trading volumes were up 6%, to 52.1 million tons.

Trafigura was founded in 1993 by a group of traders, who retired from the company Marc Rich Co., which later changed to Glencore. In summer 2013, Trafigura entered the Russian market, having signed with Rosneft a five-year contract for the supply of up to 10.1 mln tons of oil and oil products prepaid in the amount of $1.5 billion.