ROGTEC Magazine - Russian Oil & Gas Technologies - News, Reviews & Articles

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ROGTEC Magazine - Russian Oil & Gas Technologies - News, Reviews & Articles

Management Changes at Rosneft

Thursday, June 23rd, 2011

Peter O’Brien, vice president and head of the group of financial advisors to the president of OJSC Rosneft, has reached the end of his contract and will be leaving the company.

Over his time at the company (since 2006), Peter O’Brien has made a significant contribution to the development of a number of strategic areas. He supervised economic and planning issues, as well as long-term financing, investment and reporting to international standards.

Peter O’Brien’s experience and authority in the investment community played an important role in preparations for and execution of Rosneft’s successful IPO, which was highly regarded by Russian and international investors. Since its IPO, the company has achieved its financial targets and been effective in maintaining investor relations, both areas in which Peter O’Brien played a key role.

Before joining Rosneft, Peter O’Brien worked at Morgan Stanley between 2000 and 2006, where he led the CIS energy group and co-headed the investment banking division in Russia.

The Rosneft management would like to thank Peter O’Brien for his productive work at the company and wishes him further career success.

Source: www.rosneft.com/news

Rosneft Started Oil Deliveries to ESPO Pipeline to China

Wednesday, November 3rd, 2010

The oil, produced by Rosneft ventures and delivered to East Siberia – Pacific Ocean (ESPO) Trunk Pipeline has crossed the Russian-Chinese border via the pipeline branch and arrived to the border town of Mohe.

Filling of the pipeline with process oil has started on November 01. The total planned oil deliveries to China for this month amount to 250 thousand tons and 300 thousand tons in December. Based on bilateral agreement, commercial deliveries of the Russian crude to China under the long-term contract will begin on January 01, 2011.

Rosneft Produced The 100 Millionth Ton of Oil

Wednesday, November 3rd, 2010

Today Rosneft produced the 100-millionth ton of oil since the beginning of 2010. At the time the Company was ahead of crude oil production plan by 1 million 384 thousand tons.

The President of Rosneft Eduard Khudainatov congratulated the Company production block staff with the achievement and expressed his gratitude for efficient team efforts that made it all possible, as he said.

Based on the preliminary data, the Company total production volume of 2010 will be increased compared to the previous year by 7 – 7,5% and will exceed 119 million tons. This brings confidence in fairness of previous forecasts made by Rosneft management on significant outperformance on this year’s production targets.

Source: www.rosneft.com



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