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 …
Igor Sechin: Made a Keynote Speech at a Special Session at the XIV Eurasian Economic Forum in Verona
Rosneft Chief Executive Officer Igor Sechin made a keynote speech at a special session “Reliable Energy and Global Energy Transition” at the XIV Eurasian Economic Forum in Verona (Italy). The event was also attended by ex-Chancellor of Germany and Chairman of the Board of Directors of Rosneft Gerhard Schroeder, Deputy …
Glencore, BP Stuck with Tainted Russian Crude
MOSCOW (Reuters) – BP and Glencore are struggling to sell around 600,000 tonnes of tainted Russian oil more than three months after the contamination was discovered, according to six trading sources. Russia’s oil industry was plunged into a crisis in April after about 5 million tonnes of oil for export …
Glencore Cancels Proposed Sale of Stake in Russian Oil Co.
Commodities giant Glencore says it is terminating a proposed deal to sell nearly all its stake in Russian oil company Rosneft to a Chinese energy company. Baar, Switzerland-based Glencore said Friday that it has sent notice to CEFC China Energy Company Ltd. that the deal has been canceled. Representatives from …
Ruspetro: 2014 Results – Debt Down in Equity Swap, Ruble Devaluation Hurts, Plus Production Drop
Ruspetro plc, an independent oil and gas development and production company with assets in the Western Siberia region of the Russian Federation, announces today its results for the full year ended 31 December 2014, and an update on its operations to date. Financial Highlights – Successful completion of financial restructuring …
Ruspetro: Q3 Results – Revenues Up 17%
Ruspetro plc announces its interim management statement for Q3 2014 and the period up to and including 29 October 2014. HIGHLIGHTS Financial · Revenues up 17% in Q3 from Q2 2014 at US$16.5 million · Additional Glencore domestic prepayment facility entered into on 29 October 2014 for a sum of …
Ruspetro Signs $30m Prepayment Facility with Glencore
Ruspetro plc today announces that the Company has signed a crude oil prepayment facility with Glencore Energy UK Ltd for US$30 million. The facility is for a period of one year and requires the Company to deliver a minimum of 15,000 metric tonnes per quarter (approximately 1,200 bopd) of crude …