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Rosneft opens subsidiary office in Singapore to develop oil trade

09 Apr 2019

Russian oil major Rosneft has opened Rosneft Singapore, a subsidiary office located at the republic, to manage regional projects, as well as develop international trade in oil and petroleum products, it said on Friday (5 April).

“The Asia-Pacific region is the most promising in terms of increasing global energy consumption,” it notes in a translated statement.

“According to expert estimates, the consumption of primary energy in the Asia-Pacific region will increase more than one and a half times by 2040.

“The company is paying increased attention to the APR market – in 2018, oil supplies to the East increased by more than 24%, reaching 59.2 million tons. 

“The opening of the company's office in Singapore will contribute to the further development of Rosneft’s business in one of the world's key energy markets.”

Photo credit: Rosneft
Published: 9 April, 2019


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