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CEO of Russia’s oil major Rosneft. Igor Sechin. said on Sunday he doesn’t rule out that his company may open a network of filling stations in Germany.
When asked by Russia’s Rossiya-1 television channel whether his company planned sell its oil products to Germany without go-betweens. he said. `As a matter of fact. we are doing that [selling our products to Germany] via networks of filling stations operated by our partners. whom we have a corresponding agreement with. They include BP. Total. But. probably. we will develop our own network.`
According to earlier reports. Rosneft Deutschland (Rosneft’s subsidiary) singed a contract with German companies for the sales of its petrochemical products starting from 2019.
Rosneft is Germany’s third biggest oil refining market player. with aggregate capacity of 12.5 million tonnes a year. or 12% of Germany’s oil refining output.
Sechin also said that Rosneft does not plan to buy more assets. neither does it expect any changes in its shareholder structure in the near future.
`As for inorganic growth. we are through with basic purchases. Now we are focused on organic growth and synergies we relied upon when making those purchases.` he said in an interview with the Rossiya-1 television channel.
`These are high-quality and efficient assets. Our basic task now is to further boost their efficiency.` he said.
According to Sechin. the company’s shareholder structure is highly unlikely to be changed in the near future. `At this point. I think. the shareholder structure is finalized. No changes are expected.` he noted.
