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Igor Sechin Held Talks with the Director of China’s National Energy Administration

Rosneft President, Chairman of the Management Board Igor Sechin held a working meeting with Wu Xinxiong, the Director of the National Energy Administration of the People’s Republic of China. In negotiations the parties considered the progress in the implementation of Rosneft projects with such Chinese partners as CNPC and SINOPEC. …

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Rosneft Q1 Figures: Debt Down and Gas Production Doubles

In Q1 2014 Rosneft’s crude oil and liquids production (including production of subsidiaries and proportionately consolidated entities, and the share in production by affiliates) reached 4,189 th. bpd (0.5% growth year-on-year), gas production reached a record-high level of 13.18 bcm (i.e. more than doubled). In Q1 2014 the Company was …

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Igor Sechin Completes Working Visit to Sakhalin

Rosneft President, Chairman of the Management Board Igor Sechin met with the Governor of Sakhalin region Alexander Khoroshavin, and visited the drilling rig Yastreb at the Chaivo field in the north of Sakhalin. During his working trip, Igor Sechin discussed with the region governor issues raised the previous day at …

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Rosneft’s Yurubcheno-Tokhomskoye Oilfield in Eastern Siberia Delayed to 2017

Rosneft plans to start production at its Yurubcheno-Tokhomskoye oilfield in eastern Siberia in 2017, the company said on Tuesday, another delay for a field key to Russia’s efforts to at least keep oil production at current levels. Rosneft, Russia’s biggest oil company and the world’s largest listed producer by output, said Yurubcheno-Tokhomskoye …

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Rosneft and Statoil CEO’s Meet to Discuss Offshore Co-operation

Rosneft President, Chairman of the Management Board Igor Sechin held a working meeting with Statoil ASA CEO Helge Lund in Norway. The parties discussed implementation of the joint projects in Russia’s Barents Sea (Perseyevsky License Area) and the Sea of Okhotsk (Magadan-1, Lisyansky, and Kashevarovsky License Areas). The two noted …

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Rosneft Signs Memorandum of Understanding with Mitsui & Co., Ltd

Rosneft President, Chairman of the Management Board Igor Sechin and Mitsui & Co., Ltd. President and CEO Masami Iijima signed a Memorandum of Understanding. The document implies the creation of a joint working group in order to work out specific options of cooperation in the area of building and managing …

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Rosneft and General Electric Expand Science and Technology Cooperation

Rosneft and General Electric signed an Agreement to set up a series of joint ventures. The document was signed by Rosneft President Igor Sechin and General Electric CEO Jeffrey Immelt in the presence of the Prime Minister of the Russian Federation Dmitry Medvedev. The Agreement is aimed at the expansion …

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Rosneft Signs Memorandum of Understanding with Marubeni-Itochu Steel Inc

On 4 February 2014 Igor Sechin, Rosneft President and Chairman of the Management Board and Yasuo Matsuura, President and CEO of Marubeni-Itochu Steel Inc., signed a Memorandum of Understanding. The document envisages a joint study of possibilities for cooperation in implementing of an integrated materials management system and maintenance of …

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Rosneft Posts Record 2013 Results: Daily Hydrocarbon Production Reached 4.9 mmboe, EBITDA Amounted to RUB 947 bln Supported by Hydrocarbon Production Growth, Increased Efficiency and Integration of New Assets

Crude oil and liquids production equaled 4,196 th.bpd (organic growth 1%), gas production reached a record high figure of 38.17 bcm (organic growth 22%). The Company stabilized production of its largest West Siberia assets, including Samotlorneftegaz, Nizhnevartovsk, Varieganneftegaz, and Nyaganneftegaz. The brownfield successes have been primarily driven by employment of …

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Rosneft Posts Record 2013 Results

Rosneft‘s daily hydrocarbon production reached 4.9 mmboe, EBITDA amounted to RUB 947 bln supported by hydrocarbon production growth, increased efficiency and integration of new assets. Crude oil and liquids production equaled 4,196 th.bpd (organic growth 1%), gas production reached a record high figure of 38.17 bcm (organic growth 22%). The …

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