Gazpromneft-Aero to Increase Refuelling volumes in India

OREANDA-NEWS. Gazpromneft-Aero, the operator of Gazprom Neft’s aviation refuelling business, is to increase its average monthly refuelling volumes in India by more than 40% — to 1,200 tons per month — in the period from July 2016 to July 2017. This growth will be achieved through new long-term agreements with Aeroflot and Volga-Dnepr airlines for “into the wing” refuelling in India’s major tourist and business centres: Delhi, Hyderabad, Goa, Mumbai, Calicut, Chennai, Trivandrum and Varanasi.

The Gazpromneft-Aero aviation refuelling network in India is currently one of the company’s largest international networks. Refuelling is carried out under an aviation fuel supply agreement signed by Gazpromneft-Aero and Hindustan Petroleum, a major Indian national fuel supplier. This partnership began in 2010 and has strengthened over the years. Under the agreement, Gazpromneft-Aero provides guaranteed refuelling to its Russian and international customers at airports in India, in line with international safety and service standards. Over the past six years, Gazpromneft-Aero’s total refuelling volumes to its own customers via Hindustan Petroleum has amounted to more than 70,000 tons.

Vladimir Egorov, CEO of Gazpromneft-Aero, 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. 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 %. Our partners, HP Aviation, have a major presence in India and are currently fulfilling the aviation refuelling requirements at 37 airports. We are confident that Russian and international airlines will benefit from the advantages of the formula pricing system, enabling our customers to refuel aircrafts both in Russia and abroad.”