UAE Company Acquires Part of Former Glencore Stake in RussNeft
United Arab Emirates-Based Company Acquires Part of Former Glencore Stake in Public Joint Stock Company RussNeft. A company based in the United Arab Emirates, OCN International DMCC, has acquired a 16.33 percent stake in the ordinary shares of Public Joint Stock Company RussNeft, according to official corporate documentation. As reported …
RussNeft Expects a Reduction in Oil Production by Five Percent
RussNeft expects oil production to decline in 2023 due to OPEC+ decisions by 5%, to 6.4 million tons, company president Evgeny Tolochek told reporters on the sidelines of the Tyumen Industrial and Energy Forum. Answering the question by how much the company’s oil production could decrease in 2023, he said: …