Rosneft Marine commences supply of marine fuel to Sakhalin Energy

Rosneft Marine UK Ltd., a subsidiary of Russian state-owned oil company OJSC Rosneft, has announced that it has commenced deliveries to Sakhalin Energy Investment Company Ltd. under the terms of an exclusive contract signed on October 17, 2011.

Rosneft Marine has arranged deliveries of marine fuel for Sakhalin Island and the Governor Farkhutdinov, both 108.078 metric tonnes (mt) crude oil tankers. The agreement covers Sakhalin Energy’s fleet which includes three crude vessels and five LNG vessels with an average bunker intake of 1800 mt and 1000 mt respectively.

The contract appoints Rosneft Marine to supply and deliver marine fuel to Sakhalin Energy in the port of Nakhodka, the closest port in Russia’s Far East to its Prigorodnoye complex. Previously, Sakhalin Energy used bunkering in the Asia Pacific ports of Korea, Singapore and Hong Kong.

Vladimir Brezhnev, Director of Rosneft Marine UK, said he was very pleased that Sakhalin Energy had chosen Rosneft Marine as its partner in the Far East.

“In the last 12 months we have made a number of investments to add modern vessels to our fleet and build our operational capacity. Our partnership with Sakhalin Energy is a testament to the effectiveness of our efforts to improve our operational and management structures and provide better service to our customers,” Mr Brezhnev said.

“We are committed to continually raising our quality and environmental standards and have begun looking for a brand new 5000-6000 dwt ice-class barge that is capable of supplying fuel directly to the ports on Sakhalin Island,” Mr Brezhnev added.

Andrey Okhotkin, Commercial Director of Sakhalin Energy, said: “We are glad to have found a new partner. This agreement with Rosneft Marine will help minimise deviation of tankers from route to Prigorodnoye port and allow us to diversify our bunker sources. We are certain that this contract will contribute to effectiveness of our marine operations through delivery of premium quality fuel at competitive prices.”