Over 1 Mln Tons of Oil Products Sold by Gazprom Neft at E-Exchange Auctions in 2010

During 11 months of 2010, Gazprom Neft's e-exchange auction oil product sales exceeded 1 mln. tons. As of December 10 this year, over 986 thousand tons of oil products were sold at St. Petersburg Mercantile Exchange (SPIMEX). The first test auctions at the St. Petersburg Exchange and the Inter-regional Commodity Exchange of Oil and Gas Complex were held during November and December 2010 simultaneously with the sales at SPIMEX. The test auctions are aimed at the expansion of Gazprom Neft's cooperation with the Russian exchange marketplaces.