Rosneft Repaid Two Syndicated Loans of the Former TNK- BP Group
On May 28, Rosneft delivered a payment to the group of international banks repaying two syndicated loans which were obtained by former TNK- BP group in 2011-2012. The Chairman of Rosneft Management Board Igor Sechin said in this regard: “The Company responsibly refers to the fulfilment of liabilities to its …
Rosneft BOD Extends the Terms of Authority of Igor Sechin for 5 years
Rosneft Board of Directors held a scheduled meeting. In compliance with the guidelines of the Government of the Russian Federation Rosneft BoD appointed Igor Sechin CEO of the Company starting May 24, 2015. In accordance with the corporate Charter of Rosneft the Board of Directors approved the contract with Igor …
Rosneft: To Form Rosneft Gaz to Compete with Gazprom?
A Rosneft representative refused to comment on the possible creation of a gas offshoot, Rosneft Gaz. One of the sources explained that “the idea to spin off company’s businesses has been discussed.” State-owned Rosneft plans to spin off its gas business into a subsidiary, Forbes reported citing sources aware of the situation.According to the sources, …
Sakhalin-1 Sets Another Extended Reach Drilling Record at Chayvo
Rosneft as part of Sakhalin-1 Consortium has successfully completed drilling of the world’s longest well at the Chayvo field. O-14 production well was drilled with Orlan drilling platform in direction of the field’s south-eastern point. The well has the world-record measured depth of 13,500 meters and a horizontal reach of …
Igor Sechin Participated in the Mass Dedicated to the Death Anniversary of Hugo Chavez
The Head of Rosneft Igor Sechin participated in the mourning mass in commemoration of the former President of the Bolivarian Republic of Venezuela Hugo Chavez who passed away the very same day 2 years ago. The event took place at the Roman Catholic Cathedral of the Immaculate Conception of the …
Rosneft: 2014 Reserve Replacement Ratio Running at 154%
Rosneft reviewed the results of DeGolyer & MacNaughton’s independent audit of its hydrocarbon reserves. As to results of 2014, Rosneft confirmed its leading positions among world publicly traded companies in terms of proven hydrocarbon reserves and hydrocarbon resources. According to the results of the audit performed by DeGolyer & MacNaughton …
Rosneft: Repays Part of Their TNK-BP Loan Early
Rosneft announces it regularly repaid part of a loan obtained to finance the acquisition of TNK-BP. On February, 11 the Company paid to lenders USD 7.154 bln. In such a manner, the overall amount paid since December 2013 totaled USD 33 bln, in full accordance with credit agreements. Within two …
Igor Sechin Participated in IP Week
On February 10, 2015 Rosneft Head Igor Sechin took part in the International Petroleum (IP) Week in London. Igor Sechin made a presentation during the session “Seizing opportunities created by the changing markets, shifting trade patterns, and hedging against price volatility”. In his speech he noted that currently oil markets …
Igor Sechin Reported on Rosneft 2014 Operational Results to Vladimir Putin
The President of the Russian Federation Vladimir Putin held a working meeting on Wednesday with the Head of Rosneft Igor Sechin, who reported on the Company’s 2014 operational results to the President of the country. The overall hydrocarbons production at year-end was approximately 252 mln toe, which is amounts to …
Rosneft Started Production at the Sakhalin-1 Arkutun-Dagi Field
The participant companies of the Sakhalin-1 consortium are pleased to note that all the works for the start of the commercial oil production at the Arkutun-Dagi field were conducted in strict compliance with the approved schedule, determined technological specifications and subject to all the industrial and ecological safety legislations. Berkut …