Rosneft: Vostok Oil is Not Subject to Sanction Restrictions

Rosneft’s Vostok Oil project does not fall under the sanctions restrictions. This is stated by the company, referring to the results of the examination conducted by the world’s leading technology and legal companies.

We will remind, on the Reuters website on January 15, 2021, news was published, which, according to Rosneft, contains inaccurate information about possible sanctions against the project. The Russian oil company is confident that this information “discredits the project and activities of the company and damages its business reputation.”

In this regard, Rosneft stated that it carries out its activities in strict accordance with the norms of Russian and international law, corporate standards and in the interests of its shareholders.

“The due diligence of the project by the world’s leading technology and legal companies confirms that Vostok Oil is not an Arctic shelf and / or shale project and is not subject to sanctions restrictions. , which may entail financial losses for the company “, – commented in Rosneft.
In addition, the company does not need to attract investments in Vostok Oil in exchange for oil supplies: “The resource potential of the project, high quality oil and its economic model make Vostok Oil one of the most attractive investment targets in the global energy industry, which confirmed by the assessments of the world’s leading investment banks. ”

Rosneft’s commercial activity on the conclusion of supply contracts, the Russian company said, is a separate line of business, which is carried out with all the subjects of world trading.

Due to obvious misinformation affecting the projects of the company and its partners, Rosneft demands to remove information from the Reuters website and publish an apology for inaccurate information.

“The company … reserves the right to go to court to protect its business reputation,” the NC concluded.