Rosneft and Pietro Barbaro form international shipping venture

Pietro-Barbaro-Tanker

Italian owner Pietro Barbaro has strengthened ties with Russian energy major Rosneft with the signing of a Memorandum of Understanding to form a joint international shipping venture.

Rosneft chairman Igor Sechin said: “We are glad about the effective extension of the cooperation with Pietro Barbaro: following our partnership in Russia, we are planning a joint approach to global markets. The joint venture will allow us to significantly boost the efficiency of our logistics division and to create additional marketing opportunities for our products in high-margin markets.”

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