Rosneft

Rosneft and BP have today signed final binding agreements to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation. The document was signed at the XX St. Petersburg International Economic Forum (SPIEF) by Rosneft CEO Igor Sechin …

Generating FCF at RUB 80 bln, high operating cash flow at RUB 234 bln, with average Urals price at 32 USD/bbl Increase in EBITDA margin up to 26% in conditions of crude oil price decline Decrease in lifting costs per unit by 1.3% to 155 RUB/boe with CPI exceeding 7% …

Rosneft Oill Company and ONGC Videsh Limited have closed the transaction of selling 15% shares in Vankorneft JSC to an Indian company. This transaction shows that the project portfolio of Rosneft Oil Company can be re-evaluated more than twice. Base price of the transaction is USD 1.27 billion (about 83 …

Rosneft delegation participated in the thirteen session of the inter government Russian-Chinese commission for energy cooperation. Rosneft is the leader in the Moscow-Beijing energy dialog, Company projects with Chinese partners are the key elements of the economic cooperation between the two countries. Actual joint cooperation aspects were discussed at the …

Rosneft delegation participated in the thirteen session of the inter government Russian-Chinese commission for energy cooperation. Rosneft is the leader in the Moscow-Beijing energy dialog, Company projects with Chinese partners are the key elements of the economic cooperation between the two countries. Actual joint cooperation aspects were discussed at the …

Rosneft, Keppel Offshore & Marine and MHWirth have signed shareholders’ agreement on establishing a Joint Venture (JV) for the creation of Design and Engineering Center for offshore drilling rigs in Russia. The main tasks of the Center established by the JV (Rosneft – 45%, Keppel Offshore & Marine – 45%, …

Rosneft commenced operational drilling at the Lebedinskoye oil and gas condensate field in the Sea of Okhotsk. It will drill a 5.3 km long horizontal extend-reach well under the bottom of the Sea of Okhotsk. Drilling operations are carried out by the drilling contractor RN-Burenie for RN-Sakhalinmorneftegaz, a Rosneft subsidiary. …

Rosneft Trading SA, a company of Rosneft Group, delivered its first LNG shipment as part of its contract with Egyptian Natural Gas Holding Company. The delivery of the cargo was made by the GOLAR ICE tanker to the Ain Sukhna port within the Master LNG Supply and Purchase Agreement signed …

On April 22, 2016 a scheduled meeting of the Rosneft Board of Directors was held in Moscow to consider issues related to the annual general shareholders meeting of the Company for the year 2015. The Board of Directors resolved to call a Rosneft AGM and hold it in St. Petersburg …

As a step towards further efficiency enhancement Rosneft announces the optimization of the structure of the central administrative office. The new central administrative office management formula is based on best international practices, reflecting current industry fundamentals and increases management efficiency by consolidating subdivisions’ functions, expanding personal responsibility and reducing of …