Rosneft’s Unit Production Costs for Hydrocarbons in Q1 Amounted to $3 per Barrel
Rosneft’s unit operating costs for hydrocarbon production in the first quarter of 2025 amounted to $3 per barrel of oil equivalent, according to Rosneft CEO Igor Sechin, as reported in the company’s statement. “Cost control remains our constant priority — in Q1 2025, unit production costs for hydrocarbons amounted to …
Rosneft Produced 61.2 Million Tonnes of Hydrocarbons in Q1 2025
Rosneft’s hydrocarbon production in the first quarter of 2025 amounted to 61.2 million tonnes of oil equivalent, which is 8.1% lower than the level in January-March 2024. This information comes from the company’s Q1 2025 results, prepared in accordance with International Financial Reporting Standards (IFRS). Liquid hydrocarbon production in the …
Igor Sechin Noted That the World’s Oil Companies are Creating Reserves to Increase Production
The creation of reserves by global oil companies to increase production will neutralize the impact on the market of voluntary production restrictions within the framework of OPEC+, says Rosneft Chief Executive Officer Igor Sechin. “The formation of reserves we observe by both Western and Middle Eastern companies may be an …
Igor Sechin Appointed General Director of the Largest Subsidiary of Rosneft in Khanty-Mansi Autonomous Okrug
The RN-Yuganskneftegaz company, the largest subsidiary of Rosneft in the Khanty-Mansi Autonomous Okrug, was headed by a new director. An agency source familiar with the oil industry said that Alexander Shimansky has been appointed general director of the enterprise. Before him, Yegor Filippov performed the duties of manager. “Alexander Shimansky …
Igor Sechin Assumed a Gas Shortage Due to Tax Changes on Gas
As the head of Rosneft noted, the differentiation of gas prices for various categories of industrial consumers against the backdrop of an increase in the tax burden on the industry was carried out without a comprehensive analysis of its impact Differentiation of gas prices for industrial consumers and an increase …
The Government Announced the Volume of Investments in the Rosneft Vostok Oil Project
The volume of investments in Vostok Oil in the north of the Krasnoyarsk Territory will amount to 11.8 trillion rubles, follows from the government order. In September, the head of Rosneft, Igor Sechin, estimated the volume of investments at about 12 trillion rubles. The volume of investments in the creation …
Igor Sechin Assessed the Potential of the Vostok Oil Project to Stabilize the Oil Market
The Vostok Oil project, in the context of a reduction in global investment in exploration and production, is capable of having a stabilizing effect on the entire hydrocarbon market, said the head of Rosneft, executive secretary of the Commission under the President of the Russian Federation on the strategy of …
Sechin: Investments in the Implementation of the Vostok Oil Project are Estimated at 12 Trillion Rubles
The head of Rosneft noted that the project is self-sustaining Investments in the implementation of the Vostok Oil project are estimated at 12 trillion rubles for the development period. The head of Rosneft, Igor Sechin, announced this to Russian President Vladimir Putin during a visit to the Zvezda shipyard. “The …
Rosneft in the II Quarter Reduced the Production of Liquid Hydrocarbons by 2.2% due to Restrictions of the Russian Federation
It amounted to 3.9 million bpd Rosneft in the second quarter reduced the production of liquid hydrocarbons by 2.2%, to 3.9 million barrels per day (b / d) due to restrictions on oil production in Russia, in the first half of the year it produced 4 million b / d, …
World Oil Reserves Are Already Replenished by 90 Percent, Igor Sechin Said
Underinvestment occurs not only in oil production, but also in exploration, world reserves are already being replenished by only 90%, Rosneft head Igor Sechin said at the St. Petersburg International Economic Forum. “Underinvestment occurs not only in production, but also in exploration, which has already led to an undercompensation of …