Rosneft sells 15% of petroleum production through Petersburg exchange in March
MOSCOW. March 29 (Interfax) - Oil company Rosneft sold 471,000 tonnes of petroleum production in March through the St. Petersburg International Commodity and Raw Materials Exchange, the company told Interfax.
Rosneft sold 63,000 tonnes of gasoline, 271,000 tonnes of diesel fuel, 24,500 tonnes of aviation fuel, 108,500 tonnes of heating fuel and 4,000 tonnes of petrochemical products and lubricants on the exchange.
The company said that 15% of its total petroleum product output was sold on the St. Petersburg exchange.
According to the draft law "On Oil" which is currently being reviewed by various state institutions in Russia, 15% of petroleum production should be sold through commodity exchanges. At the same time, the Russian government has made a recommendation to vertically integrated oil companies to organize the sale of at least 15% of their petroleum product output through the St. Petersburg International Commodity and Raw Materials Exchange.