Rosneft Boosts Ties With Ex Juice King To Lift Trade In Europe

By Tsvetana Paraskova In a bid to boost its oil products trade in southern Europe and Turkey, Russia’s oil giant Rosneft is expanding its business ties with oil products trading and logistics firm Petrocas, which has crude storage terminals in the Caspian and the Black Sea regions. Faced with the EU and U.S. sanctions against Russia over its role in the conflict in Ukraine, Rosneft has not been able to work with Western banks, and has turned to global trading houses such as Glencore and Trafigura. Petrocas is owned by David Yakobashvili who sold in 2010 what was…

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