Rosneft Agrees Heads of Terms with Basic Element to Acquire Aviation Refueling Businesses in Five Russian Airports
On April 3, 2013 Rosneft agreed heads of terms to acquire aviation refueling businesses from Basic Element in the airports of Krasnodar, Sochi, Anapa, Gelendzhik and Abakan operated by BASH (Basel Aero Supply and Handling).
The agreement was signed by Igor Sechin, Rosneft President and Chairman of the Management Board, and Oleg Deripaska, Chairman of the Supervisory Board of Basic Element.
“The completion of the transaction will result in Rosneft having own refueling complexes almost in all Russian federal districts. Expansion of the refueling complexes network will ensure the growth of fuel sales through ‘into-plane’ refueling under direct contracts with airlines on the domestic Russian market,” – said Rosneft head Igor Sechin.
Notes for editors
Rosneft makes direct deliveries of jet fuel to largest Russian and international companies, including: Aeroflot, TransАero, Severny Veter, Lufthansa Cargo AG, UTAir, Deutsche Lufthansa AG, Sibir, Turkish Airlines, Ural Airlines, Yakutia, and others.
Sales of jet fuel totaled 1.5 mln tonnes in 2012, which is 2.5 times more than in 2011.
Rosneft continued to offer ‘into-plane’ refueling services in 2012 at airports in Moscow (Vnukovo), Krasnoyarsk (Emelyanovo), Vladivostok (Knevichi), Irkutsk, Mineralniye Vody, Blagoveshchensk (Ignatevo), Rostov-on-Don, Vankor, Igarka, the Verkhnechonsk field, Komsomolsk-on-Amur (Khurba), Arkhangelsk (Talagi), Elista and Sevastopol.
Rosneft Information Division
April 3, 2013