Rosneft and INTER RAO UES Conclude 25-Year Gas Supply Contract
Rosneft and INTER RAO UES have concluded a contract on the supply of up to 875 billion cubic metres of gas. The contract envisages annual supplies of up to 35 bcm of Rosneft-produced gas to the power plants of INTER RAO – Electric Power Plants (or any other INTER RAO …
Rosneft and General Electric Sign Long-Term Power Service Contract
Rosneft and General Electric (GE) have signed a contract to service five 6FA packaged gas turbine units. These units are to be supplied by GE under an agreement signed in June for the thermal power plant at the Eastern Petrochemical Company, which is currently under construction by Rosneft. Igor Sechin, …
Rosneft Completes Construction of Social Facilities in Neftekumsk, Stavropol Region
Rosneft President and Chairman of the Management Board Igor Sechin took part in a ceremony celebrating the commissioning of a number of social facilities in Neftekumsk in the Stavropol region. Construction work is now complete on a regional health centre and block of apartments, while secondary school No. 3 has …
Sechin Sees $3-$5 billion Synergies in Rosneft Takeover of TNK-BP
Rosneft’s CEO Igor Sechin said its planned $55 billion takeover of rival oil company TNK-BP would yield $3-$5 billion in synergies, largely on projects in new provinces in Russia’s north and east. Sechin, speaking on a conference call a day after Rosneft announced it would buy British major BP and …
Rosneft and Statoil Sign Shareholder Agreements for Russian Offshore Exploration Joint Ventures
Rosneft and Statoil today signed Shareholder and Operating Agreements that will establish joint ventures for the four offshore Russian license areas included in the Cooperation Agreement signed by the two companies on May 5, 2012. The license areas in question are Perseevsky in the Barents Sea and Kashevarovsky, Lisyansky and …
Rosneft and Statoil advance strategic cooperation with the signing of agreements on joint bidding for licenses in the Norwegian section of the Barents Sea and joint technical evaluation of tight oil resources in Russia
Rosneft and Statoil have today signed documents aimed at implementing a cooperation agreement concluded on May 5, 2012. The agreements lay out the terms of joint bidding for licenses in the Norwegian section of the Barents Sea and provide for joint technical evaluation and subsequent development of tight oil resources …
Rosneft and VTB Bank sign strategic partnership agreement
Rosneft and VTB Bank have today concluded a strategic partnership agreement. The document was signed by Igor Sechin, Rosneft President and Chairman of the Management Board and VTB Bank Chairman and CEO Andrey Kostin at the St Petersburg International Economic Forum. The agreement covers various types of services in corporate …
Cooperation between Rosneft and General Electric
On June 21, 2012 I. Sechin, Rosneft President, and John Krenicki, GE Vice Chairman President and CEO of GE Energy, and Cristiano Tortelli, GE Energy CEO for CEE, Russia and CIS, signed a Memorandum of Understanding and a Cooperation Agreement. These documents provide for implementation of joint projects intended to …
Rosneft and the Moscow Region Signed Cooperation Agreement
Today in St Petersburg I. Sechin, Rosneft President, and S. Shoigu, Moscow Region Governor, signed an agreement for strengthening comprehensive cooperation under social, economic, industrial and infrastructural projects for the Moscow Region development. The Agreement provides for implementation of significant social and economic projects in the Moscow Region. The Moscow …
Rosneft and the Urals federal district sign Strategic partnership agreement
Rosneft President Igor Sechin and Presidential Envoy in the Urals federal district Igor Kholmanskikh have signed a Strategic partnership agreement aimed at promoting social and economic development of the Urals federal district. The ceremony took place at the St Petersburg International Economic Forum. The agreement seals the parties’ intention to …