2013

Rosneft today announces the completion of transactions to acquire TNK-BP. Rosneft has finalised the deals to acquire BP’s 50% share in TNK-BP in exchange for $16.65 billion in cash and 12.84% of Rosneft shares. Separately BP acquires 5.66% of Rosneft shares from OFSC ROSNEFTEGAZ. As a result of these transactions …

Rosneft has finalized the acquisition of AAR’s 50% share in TNK-BP in exchange for cash consideration of $27.73 billion USD in correspondence with the terms, agreed upon by the parties in October 2012. This amount is calculated basing on the terms of purchase price formation, stipulated by the purchase agreement. …

Key points: Rosneft and BP today completed a number of transactions, in line with the terms announced in October 2012. As a result of the transactions: o BP receives net $12.48 billion in cash, including a TNK-BP dividend of $0.71 billion, and 18.5 per cent Rosneft shares; o Rosneft becomes …

Bashneft and the Administration of the Orenburg Region have signed an Agreement for economic and social development till 2016 today aimed at creating favorable conditions for economic and social development of the Region. The Agreement was signed by JSOC Bashneft President Alexander Korsik and Orenburg Region Governor Yuri Berg. The Agreement is the result of the sustainable …

The “TANECO” Complex of Refining and Petrochemical Plants has received certificates for the integrated management system compliance with the requirements of international standards ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007. The IMS certification audit performed by experts of BUREAU VERITAS Certification (BVC), confirmed the compliance of the JSC “TANECO’s” IMS …

Zoltav Resources Inc announced the proposed acquisition of CenGeo Holdings Ltd for US$26 million or about 17.4 million pounds satisfied through the issue of about 473.16 million new Zoltav shares at 3.5 pence per share. CenGeo Holdings, through its wholly owned subsidiary ZAO Siberian Geologicheskaya Kompanya or “SibGeCo”, holds the …

PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, provides the following update on its operations at Licence 61. Highlights: • Arbuzovskoye well 105 successfully completed – Initial oil flow rate of 160 bopd, with no water production • Successful workover restores production at …

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Sauat Mynbayev, Oil and Gas Minister of the Republic of Kazakhstan. The parties discussed prospects for bilateral cooperation in the energy sector, including the implementation of joint projects in hydrocarbon exploration, production, processing and marketing. Kazakhstan Background The explored …

Further to the announcement on 13 March 2013, Exillon Energy plc”Exillon”, a London Premium listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora and West Siberia, adjourned the extraordinary general meeting of shareholders convened today, following the withdrawal of the requisition by Worldview Capital Management …

Alexey Miller, Chairman of the Gazprom Management Committee held a meeting today at the Company’s headquarters regarding the Vladivostok-LNG project. Vladivostok The meeting participants discussed, in particular, creation of a resource base for the LNG plant near Vladivostok over a long-term period. Special attention was also paid to the information on the potential capacity of the Asia-Pacific markets for Russian …