Rusneftekhim has created a Supply and Trading Department

Moscow, November, 8 – Neftegaz.RU. Rusneftekhim (Rusneftekhim Oil Company JSC) has created a Supply and Trading Department as a part of profit chain control.

The Rusneftekhim’s development strategy is aimed at creating a vertically integrated oil and gas company with production and refining capacity. One of the key factors in the structure is to affects pricing and profit control over the sale of its own and attracted volumes of liquid hydrocarbons.

The Department will be responsible for two areas of work: the domestic as well as export markets supply. The Russian market is overseen by the subsidiary - Rusneftekhim LLC. The company is also creating an international supply and trading division.

The stable growth of the company will be ensured with the team long-term experience. The Gazprombank was selected as the financial partner. This choice is closely linked to the Rusneftekhim’s strategic plans in implementing diverse joint projects with the Gazprom group. "We have a lot of interesting work ahead of us. We are negotiating with the Russia’s major oil and gas companies to implement long-term strategic development plans. We are also building strong relations in the international arena" Boris Maslennikov, Rusneftekhim’s CEO, said to our agency.

Rusneftekhim owns a fund of highly productive gas condensate wells located in the Purovsky district of the Yamalo-Nenets Autonomous district in the territory of the Urengoy oil and gas condensate field, which is one of the largest in the world, in the operating area of «Gazprom dobycha Urengoy» subsidiary of Gazprom.