MOSCOW, July 29 Russian mid-sized oil producer
Bashneft said in a regulatory filing on Tuesday it has
secured deals to sell oil products worth $5.2 billion to
international traders as it boosts its own trading business.
The company, controlled by oil-to-telecoms conglomerate
Sistema, said it would sell oil products to
Vitol worth $2.96 billion. In another deal, it would
supply Demex Trading Ltd will refined oil products worth $2.21
The deals are expected to be completed by Feb. 29, 2016. The
company didn't disclose the physical volumes of the oil products
it has agreed to deliver.
Bashneft operates three major refineries in Russia's
Bashkortostan region in the Ural mountains, which gives its name
to Russia's key crude oil blend.
(Reporting by Vladimir Soldatkin; Editing by Erica Billingham)