Russian oil producer Gazprom Neft’s aviation-fuel business operator Gazpromneft-Aero will increase its average monthly refuelling volumes in India by more than 40% to 1,200t every month, between July 2016 and 2017.

The increase will be due to new long-term agreements with Russian airlines Aeroflot and Volga-Dnepr for ‘into the wing’ refuelling in the country’s major tourist and business centres, such as Hyderabad, Goa, Delhi, Mumbai, Chennai, Calicut, Trivandrum and Varanasi.

Gazpromneft-Aero CEO Vladimir Egorov said: “The expansion of our geography and increase in refuelling volumes in India demonstrates the growing trust of our long-term partner and, consequently, the strengthening of Gazpromneft-Aero’s position in the global aviation fuel supply market.

"The expansion of our geography and increase in refuelling volumes in India demonstrates the growing trust of our long-term partner."

Aviation refuelling in India is carried out under an aviation fuel supply agreement signed by Gazpromneft-Aero and Indian national fuel supplier Hindustan Petroleum.

Vladimir added: “We plan to develop our cooperation further with Hindustan Petroleum, a global fortune 500 company.

“It offers an attractive opportunity for Gazpromneft-Aero to expand its presence in the promising Indian market, which is the largest growing aviation market in the world with traffic growth of more than 20%.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Under the terms of the supply agreement, Gazpromneft-Aero provides refuelling services for its Russian and international customers at Indian airports, in compliance with international safety and service standards.

Over the past six years, the company has supplied more than 70,000t of fuel to its customers via Hindustan Petroleum.