Rosneft, Trafigura make strategic push into Asia

摘要

ANALYSIS Singapore—Establishing ground presence in a fast-growing demand center, having retail access through fuel stations, getting trading support from a leading global firm and owing a refinery that churns out quality oil products—to analysts, the move by Rosneft and Trafigura to buy India’s Essar Oil looks like a perfect recipe for success. The $13 billion deal not only signals Russia’s efforts to be less dependent on China, and get an early mover advantage in a fast growing market; it also highlights the strategic push by leading oil trading companies to own assets, rather than just act as middlemen.