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Trafigura strengthens ties with Rosneft with Asian crude deal

on Tue Nov 10, 2015 1:27 pm
Trading house Trafigura has signed a deal with Russia’s state-backed oil company Rosneft to buy more of its Asia crude, strengthening the ties that have developed between the companies since Moscow was hit with western sanctions last year.

Swiss-based Trafigura, one of the largest independent oil traders, will take Rosneft’s crude from its stake in a development on Sakhalin Island in the east of the country, giving it more oil to sell in Asia at a time when China is loosening restrictions on energy imports.

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