Trafigura buys more from Rosneft than other traders

In the period from January to May, commodity trader Trafigura acquired 3.8 million tons of oil from Rosneft. This is reported by Argus Media. Thus, Trafigura became the largest foreign partner of Rosneft in the first five months of 2015. For comparison, according to Argus Media, in the same period Rosneft sold the nearest pursuer of Trafigura - Swiss Glencore – 3.2 million tons. Shell received 1.9 million tons, Vitol – 1.74 million, Gunvor - 890 thousand and BP - 180 thousand tons.

According to Argus Media, based on information of Transneft, in the first five months of this year, Rosneft exported 38.8 million tons of raw materials. 18 million tons of them - by sea. Thus, the Trafigura’s share in total exports of Rosneft is about 10%.

A representative of Rosneft declined to comment on RBC data on export deliveries. Trafigura’s representative Victoria Dis refused to disclose details of the transactions with Rosneft. She confined herself to a refer to Trafigura’s report for the period from October 2014 to March 2015. The company stated in it that its access to Russian oil increased from 2013, when its division was opened in Moscow.

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In spring of 2015, the mass media wrote about the growth of the oil purchases from Rosneft by Trafigura. The success of the trader was caused by features of its contracts with Rosneft, which actually allows it to lend Rosneft without violating Western sanctions.