Rosneft and Rotenberg’s company have cancelled a contract for 47 bln roubles

In late July 2014 Rosneft posted a notification on the Government procurement website of the signing a contract for the projections and the construction of a 350 km long oil pipeline from ESPO to the Komsomolsk oil refinery plant at the price of 46.9 bln roubles.

The contract was then signed with “Transstroimechanizatsiya” (in the structure of “Mostotrest”, I. Rotenberg is a co-owner of it). The contractor is supposed to put the object into operation in August 2016. However, 4 months on “Transstroimechanizatsiya” and Rosneft by mutual agreement have terminated their cooperation on this project, a source in “Transstroimechanizatsiya” told RBC.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer