Rosneft Increases its Stake in the National Oil Consortium to 80% of Shares
Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80%, with the remaining 20% owned by Gazprom Neft. Consolidation …
Rosneft: Repays $7bn Of TNK-BP Finance Loan
Rosneft announces it repaid part of a loan obtained to finance the acquisition of TNK-BP. On December, 22 The Company paid to lenders around USD 7 bln. In such a manner, the overall amount paid throughout the year totaled USD 24 bln, in full accordance with the credit agreement. Rosneft …
Rosneft Board of Directors Approves 2015-2016 Business Plan
On December 18, Rosneft’s Board of Directors reviewed preliminary results of the Company’s performance in 2014 and approved the 2015-2016 plan. According to preliminary data, in 2014 the Company’s growth in reserves exceeded planned rates and is expected to reach over 450 million TOE. In particular, drilling of the world’s …
Rosneft: Launches Long Term Strategic Plan – Reduce Cost Base Whilst Increasing Performance, Develop Powerful OFS Business
At its meeting December 9, the Rosneft Board of Directors approved the main strategic objectives for Company developments. In particular, Board of Directors members endorsed Rosneft Development Strategy and Long-term Development Program until 2030. The Company’s strategic goals aimed to enhance leadership in terms of volumes of production and reserves …
Rosneft and PDVSA Signed a Second Long-Term Contract for Supplies of Oil and Oil Products
Rosneft Group and PDVSA signed a long-term contract for supplies of oil and oil products of Venezuelan production. The document envisages the supplies of over 1.6 mln t of oil and 9 mln t of oil products to the Rosneft Group within 5 years. Commenting on the signing Rosneft Head …
Igor Sechin Held Talks With Rafael Ramirez
Rosneft Head Igor Sechin held negotiations with the Vice-president for political issues, Minister of Foreign Affairs of Venezuela Rafael Ramirez in Moscow. During the meeting a wide range of issues pertaining to current cooperation and Rosneft’s operations in Venezuela, as well as prospects for developing new projects were discussed. The …
Igor Sechin Held Talks on the Development of the Cooperation with the People’s Republic of China
On October 30-31, Rosneft Head Igor Sechin held talks on the development of the strategic cooperation with the People’s Republic of China in Beijing. In particular, during the visit Igor Sechin met with Vice Premier of China Zhang Gaoli, Chairman of the Chinese National Petroleum Corporation (CNPC) Zhou Jiping and …
Igor Sechin Held Talks on the Development of the Cooperation with the People's Republic of China
On October 30-31, Rosneft Head Igor Sechin held talks on the development of the strategic cooperation with the People’s Republic of China in Beijing. In particular, during the visit Igor Sechin met with Vice Premier of China Zhang Gaoli, Chairman of the Chinese National Petroleum Corporation (CNPC) Zhou Jiping and …
Rosneft: Pobeda Oil Surpasses the Brent Oil and Siberian Light Quality Benchmarks
Research workers of the corporate TomskNIPIneft institute finalized the studies on the physical and chemical properties and composition of oil produced from the Universitetskaya-1 well drilled in the Kara Sea, which discovered a new arctic field named Pobeda. The results of the studies were presented to Rosneft Head Igor Sechin …
Rosneft: 9M Results – Production Up 5%, Forex Hits Net Income, Dividend to be Paid
In 9M 2014, Rosneft produced 5.1 mmboed of hydrocarbons, which is 5.0% higher than in 9M 2013. The Company’s daily hydrocarbon production is in excess of 5 mln for the third quarter in a row. The Company’s daily production of oil and liquids stabilized at 4.2 mmbd. In September 2014, …