Iran National Oil Company Rejects Rumors of Rosneft Leaving
The National Iranian Oil Company (NIOC) announced that no contract has been signed between Iran oil industry and Russian oil company Rosneft , therefore the rumors of Rosneft quitting the Iran oil industry has no justification, NIOC said in a statement, Trend reports via IRNA. Russian business daily “Vedomosti” recently …
Rosneft and Chinese Hengli Group signed a Cooperation Agreement
Rosneft Oil Company and Chinese Hengli Group signed a cooperation agreement as part of the first Russian-Chinese energy business forum. The document was signed by Igor Sechin, Chief Executive Officer of Rosneft Oil Company, and Chen Jianhua, President of Hengli Group. The agreement provides for potential cooperation of the parties …
Igor Sechin meets with the First Vice Premier of the State Council of China
Igor Sechin, the Chief Executive Officer of Rosneft Oil Company and the Executive Secretary of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Environmental Security, held a meeting with the First Vice Premier of the State Council of the People’s Republic of China Han Zheng. …
Igor Sechin and CNPC Chairman Wang Yilin Hold Working Meeting
Igor Sechin, the Chief Executive Officer of Rosneft Oil Company, and Wang Yilin, the Chairman of the Board of the China National Petroleum Corporation (CNPC), held a working meeting during the first Russian-Chinese Energy Business Forum. The executives signed a science and technology Memorandum of Understanding (MoU). The MoU covers …
Rosneft and Beijing Gas Set Up a Joint Venture to Develop a Network of CNG Filling Stations
An agreement to set up a joint venture for construction and operation of a network of CNG stations in Russia on the basis of Vankor UTT was signed by Rosneft and Beijing Gas Group Company Limited (hereinafter, Beijing Gas) during the first Russian-Chinese Energy Business Forum. Under the agreement, Beijing …
Rosneft and ChemChina Sign an Oil Supply Contract
Rosneft and China National Chemical Corporation (ChemChina) signed an oil supply contract during the first Russian-Chinese Energy Business Forum. The contract provides for supplies of ESPO crude in the amount of up to 2.4 million tons through the Kozmino port for a year. Conclusion of the contract will lead to …
Kazakhstan and Russia will Resume the Kurmangazy Oil and Gas Project
After the two wells drilled on the Kurmangazy structure were dry, nothing was heard about this shelf project for a long time. But now Kazakhstan and Russia are planning to resume work, as the Minister of Energy for Kazakhstan, Kanat Bozumbayev announced today in Astana. “On contract exploration on Kurmangazy …
Rosneft: Financial Results for 3Q 2018 and 9M 2018
Consolidated IFRS financial results for 3Q 2018 and 9M 2018: 3Q 2018 2Q 2018 Change, % 9M 2018 9M 2017 Change, % Financial results RUB bln (except %) Revenues and equity share in profits of associates and joint ventures 2,286 2,065 10.7% 6,073 4,305 41.1% EBITDA 643 565 13.8% 1,593 …
RN-Uvatneftegaz Produced 1 Million Tons of Oil at the South Gavrikovskoye Field
LLC RN-Uvatneftegaz, a subsidiary of NK Rosneft, produced the first million tons of oil in the South Gavrikovskoye field. Currently, 20 oil wells provide average daily production of 1 thousand tons of oil. Yuzhno-Gavrikovskoye is located in the Ust-Tegussky license area and is part of the Eastern Development Center (ECU) of …
Russia’s Rosneft says Qatari Fund to Pay 3.7 Billion Euros for Rosneft Stake
MOSCOW (Reuters) – Russian oil giant Rosneft (ROSN.MM) said on Tuesday that the Qatar Investment Authority sovereign wealth fund would pay around 3.7 billion euros ($4.23 billion) for a 14.16 percent stake in the company. The QIA would become the third-largest Rosneft shareholder as a result of the deal after …