Royal Dutch Shell PLC Seals $4 Billion Oil Supply Deal With Bashneft-Reuters

Tuesday, 6 Nov 2012 06:32am EST 

Reuters reported that Royal Dutch Shell PLC (Shell) has sealed a two-year deal worth up to $4 billion to supply oil to mid-sized Russian refiner and retailer Bashneft BANE.MM, the Russian firm, extending an existing agreement between the two sides. Shell will supply between 100,000 tonnes and 300,000 tonnes of crude per month. The deal, worth 122.4 billion roubles ($3.87 billion), is signed until Nov. 25 2014, while the previous agreement expires this month, Bashneft said. 

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