"Gazpromneft" moves to the yuan in payments for oil deliveries to China.
Edited by Rhod Mackenzie / 2015-06-01 07:24:26
China CNPC Finance Oil and Gas Russia Financial results China Oil and Gas Shares Russia Oil and Gas Gazpromneft Oil Rosneft
"Gazpromneft" reported that in 2015 it sold the entire supply of ESPO oil to China for yuans. A company representative stated that last year "Gazpromneft" had delivered 740,000 tons of oil to China, he did not disclose how much oil the company sold in China this year.
"Gazpromneft" began the work of translation contracts for currencies other than the dollar last summer, and the first trial batch of the yuan oil for China was set in autumn.
