Russia’s Rosneft Deutschland enters German petroleum market

EPA/YURI KOCHETKOV/FILE PICTURE

The logo of the Rosneft petroleum company on the wall of its headquarters in Moscow, Russia.

Contract signed in the presence of Igor Sechin and Gerhard Schroeder


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Rosneft Deutschland GmbH, a subsidiary of Russian state oil giant Rosneft, and the German BITUMINA Handel GmbH & Co KG, a subsidiary of Basalt-Actien-Gesellschaft have signed a contract for bitumen processing and production of polymer-modified bitumen products, Rosneft said in a press release.

The contract was signed in the presence of Rosneft Chairman of the Board of Directors Gerhard Schroeder and Rosneft CEO Igor Sechin during the latter’s visit to Germany.

According to Rosneft, the document provides for processing of bitumen produced by PCK refinery at the BITUMINA polymer-modified bitumen (PMB) plant for production of Alfabit PMB based on Rosneft’s own formulation. The signing of the contract with BITUMINA will enable Rosneft Deutschland to expand its product range, offering bitumen of own production with high performance to customers from Germany and other countries.

According to Rosneft, the Company intends to actively use long-term contracts to ensure a reliable supply of high-quality bitumen products and a high level of service for consumers.

In January 2018, Rosneft Deutschland commenced marketing and sales of bitumen in Germany and neighbouring countries, providing commercial volumes of pavement bitumen from PCK, Bayernoil and MiRO refineries.

Rosneft Deutschland General Director Brian Chesterman hailed the agreement, saying he is pleased that “the German highly competitive market has highly appraised our product which is based on unique recipes and using up-to-date technologies. The agreements reached by Rosneft Deutschland and BITUMINA allow us to apply and develop Rosneft technologies in Germany and Europe in general, and are an important step in the Company’s strategy to enter the German market of petroleum products”.

Chairman of the Board of Management of Basalt-Actien-Gesellschaft, Peter Vos, said, “We look forward to future cooperation with Rosneft Deutschland GmbH in Schwedt. With the newly established partnership, we are using the respective strengths that Basalt AG and Rosneft Deutschland GmbH bring with them, thus sustainably strengthening Schwedt as a business location”.

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