Rosneft Increases its Stake in the National Oil Consortium to 80% of Shares
Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80%, with the remaining 20% owned by Gazprom Neft. Consolidation …
LUKOIL Agrees to Sell Its Interest in National Oil Consortium
OAO LUKOIL and OAO Rosneft Petroleum Company signed a package of legally binding documents regarding the sale of LUKOIL’s interest in OOO National Oil Consortium (NOC), in Moscow today. LUKOIL intends to sell its 20% stake in the authorized capital of the NOC, established by Russian oil companies in October …
Igor Sechin Elected Chairman of National Oil Consortium BOD
A meeting of the board of directors of the National Oil Consortium was held in Caracas, Venezuela, on January 29. Representatives from consortium members Rosneft, Gazprom Neft, TNK-BP and Lukoil took part in the meeting. Igor Sechin, President and Chairman of the Management Board at Rosneft, was elected Chairman of …