Rosneft in stand-off with oil buyers as it seeks sanctions protection
The company wants Western oil buyers to accept new terms which include paying penalties if they fail to buy oil in the event of new sanctions.
November 6, 2018
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MOSCOW — Rosneft wants its Western oil buyers to accept new terms and pay penalties from 2019 if they fail to pay for supplies in the event that new U.S. sanctions on the Russian energy major disrupt its oil sales, according to trading sources and Rosneft’s draft contracts.
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