Gazprom Neft to Export 2.7 mln Tonnes of Oil to Asia

Russia's Gazprom Neft (SIBN.ME), the oil arm of gas producer Gazprom, plans to ship 2.7 million tonnes of oil to Asia this year, with around a third of that shipment going to China, executives with the company said on Friday.

Anatoly Cherner, deputy chief executive with the company, said that shipments to China will be settled in the yuan currency, a practice that began last year.

Alexander Dyukov, Gazprom Neft's chief executive officer, added that the company uses most of its yuan revenue for settlements with its Chinese contractors.

Reporting by Katya Golubkova