Rosneft, Russia’s biggest oil and gas producer, said Monday it agreed to sell as much as 3.2 million tonnes of oil products to BP for up to $2.87 billion from ports on the Black Sea.
The deal could involve up 660,000 tonnes of naphtha for up to $700 million, and up to 1.26 million tonnes of fuel oil for up to $940.3 million from Tuapse.
The companies haven’t released details about the time period covered by the deal.
Rosneft’s board also approved selling up to 1.3 million tonnes of gasoil to BP for up to $1.2 billion, the statement said.
Rosneft said earlier this year it would sell more than $13 billion of crude oil and products to BP.
A unit of BP called BP Russian Investments Limited owns 19.5 percent of Rosneft. The rest is owned by the Russian government.