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Rosneft will sell oil from Verkhnechonskoye

Russian oil producer Verkhnechonskneftegaz will pay Rosneft some USD16.4 million as a commission for re-selling 3.878 million metric tons of oil from July to December. The fee is charged for Rosneft’s marketing services. Verkhnechonskneftegaz’s board ratified the commission agreement in September. In line with the contract between the two companies, the oil from Verkhnechonskneftegaz will be destined for foreign markets.

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