Gazprom Neft’s BoD to consider purchase of oil transshipment terminal at port Novorossiysk

The JSC Gazprom Neft Board of Directors will consider the purchase of 100-pct stock of Novorossiysk Oil Transshipment Terminal LLC by Gazprom Neft’s subsidiary Gazpromneft Marine Bunker. The issue will be discussed at the BoD meeting scheduled for December 13, 2013, the company announced.

Besides, the Board will consider the purchase of Novorosnefteservis LLC which is also an integral part of the facility for transshipment of dark and light oil products for export and for the bunkering market.

Gazpromneft Marine Bunker LLC is a subsidiary of Gazprom Neft founded in 2007 for round-the-year supply of bunker fuels and marine oils for sea and river transport. The company holds leading position in Russia's bunker market with its share of 18.5%. Some 85% of the company’s customers are foreign ship owners.