Rosneft and Eni signed agreements to set up JVs for Russian offshore projects
Joint ventures being set up to serve as operators for Russian offshore projects Mutual guarantees agreements signed Rosneft and Eni S.p.A. have today signed agreements ensuring practical implementation of a Cooperation agreement concluded in April 2012. The documents were signed by Rosneft President Igor Sechin and Eni CEO Paolo Scaroni …
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 …
Tatneft Is Developing Dual Production Technologies
OAO TATNEFT has been actively developing technologies of dual completion and production (DCP) of two or more layers through one well to ensure oil fields efficient operation. As of June 1, 2012 the number of DCP installations totaled 1,383 with the produced crude oil volume amounting to 4,052,477 tons. The …
Siemens to Modernize Pickling Line Tandem Cold Mill at Voestalpine Stahl in Linz Boosting Operating Reliability and Improving Quality
Voestalpine Stahl GmbH, a company of the listed voestalpine Group, has placed an order with Siemens to modernize the coupled tandem pickling line No. 1 at its Linz plant in Austria. The flat-tank pickling process will be renewed, new mechanical components will be installed in some plant sections and the …
Cadogan Petroleum plc: Resignation of a director
As advised in the notice of the annual general meeting issued to shareholders on 23 May 2012 Ian Baron is not seeking re-election as a director, accordingly he has with immediate effect resigned as a director of the Company. Source
Rosneft Held Regular Meeting of Shareholders
On June 20, a regular Annual General Meeting of Rosneft shareholders took place in Saint-Petersburg. Holders of 97.19% of the Company’s shares took part in the meeting. The Annual Report, the accounting statements and 2011 Rosneft net profit distribution were approved of by the Meeting. It was decided to distribute …
Reports on submitting buyback requests are approved as part of reorganization of Bashneft
On June 15, 2012, the Board of Directors of JSOC Bashneft and the Boards of its subsidiaries to be merged with the Company (OJSC Ufimsky refinery plant, OJSC Novoil, OJSC Ufaneftekhim, OJSC Bashkirnefteprodukt and OJSC Orenburgnefteprodukt) approved the reports on the results of submission of buyback requests by the shareholders. The shareholders who did not vote or voted against the reorganization were …