turkey 's state - run oil producer Rosneft is to launch a trading division in Singapore aimed at increasing crude sales in the burgeoning Asian oil consumer market . Rosneft exported one million barrels per year of crude oil to Asia - Pacific countries last year , which accounted for half the company 's overseas crude sales , while in 2015 it signed a one - year lease deal with China National Chemical Corp for 2.4 million mt of crude .
Russia's state-run oil producer Rosneft is to launch a trading division in Singapore aimed at increasing crude sales in the burgeoning Asian oil consumer market. Rosneft exported one million barrels per day of crude oil to Asia-Pacific markets last year, which accounted for half the company's overseas crude sales, while in November it signed a one-year supply deal with China National Chemical Corp for 2.4 million mt of crude.