OREANDA-NEWS. February 24 Joint Stock Company Freight One (Freight One) signed a five-year service contract with Rosneft, Russia's top oil and gas producer, to carry 83 mln tons of cargoes.

In 2016 under the contract signed Freight One plans to carry more than 16 mln tons of oil, and in the future traffic is to reach at least 15.6 mln tons annually. In addition to transportations, Freight One seeks to help the corporation in dealing with the related operational, technological, informational, and economic issues.

Rosneft, a Russia's strategic enterprise, and Freight One enjoy a long-standing partnership, with Freight One arranging shipments of more than 24 percent of oil cargoes for Rosneft over 2014-2015. Long term contracts will help Freight One cover 35 percent of the total Rosneft cargo traffic.

 "Signing a long term contract with one of the key customers in the oil cargo segment will allow Freight One to reach an even higher level of performance in operating railcar assets, and will ensure us sustainable development in the long run. The deal with Rosneft confirms the efficiency of our efforts in the continuous improvement of service quality, and shows that our partners highly appreciate Freight One's services. We are ready to provide Rosneft with guaranteed export of the company's products, as well as to optimize their internal logistics and cut transport costs," said Alexander Sapronov, Executive Director of Freight One.

Earlier in 2012-2015, Freight One signed long term service contracts with major construction and metallurgical companies of Russia, including Eurocement Group, NLMK Group, Severstal, and UC Rusal.