Russia Examines Brussels' Legal Move to Seize State Assets
The Kremlin said on Thursday it was carefully examining moves to seize Russian state property in Belgium to cover a court settlement compensating shareholders in now defunct oil company Yukos. One Russian government minister said such moves would be unfriendly and another said they would be illegal. An international arbitration …
Rosneft and BP Sign Production, Exploration and Refining Agreements
Rosneft and BP today signed several agreements strengthening the long term strategic relationship between the two companies, at the St. Petersburg International Economic Forum. Rosneft and BP signed final binding agreements for Rosneft’s sale to BP of a 20 per cent share of Taas-Yuryakh Neftegazodobycha (Taas), creating a new joint …
Rosneft and PDVSA Expand Cooperation in Crude Oil Trading
Rosneft and PDVSA signed at the St. Petersburg International Economic Forum the Term Sheet of the export contract for URALS supplies to the Venezuelan company. The document was signed by Rosneft Chairman of the Managing Board Igor Sechin and PDVSA President Eulogio del Pino. The document, computed for 1 year …
Rosneft Holds Annual General Meeting of Shareholders
On June 17, 2015 Annual General Meeting of Rosneft shareholders was held in St. Petersburg. Holders of 89.7% of the Company’s shares took part in the meeting. The Meeting approved the Annual Report, Annual Financial Statements, Profit Distribution of Rosneft for 2014. The decision was taken to distribute 87 billion …
Kara-Winter-2015 Has Become The Largest Arctic Expedition In The World In Recent 20 Years
Kara-Winter-2015, scientific-exploratory expedition, organized by Rosneft with the support of the Arctic Research and Design Center and FSBI Arctic and Antarctic research institute is successfully completed. It has become the largest arctic expedition in the world in recent 20 years by the scope and the structure of works. Explorations lasted …
Igor Sechin Tooks Part in Russian-Italian Top-level Talks
Rosneft Chairman of the Managing Board took part on June, 10th in Russian-Italian top-level talks in Milan, during which the President of Russia Vladimir Putin and the Prime minister of Italy Matteo Renzi discussed key issues of the economical cooperation between two countries. Rosneft partnership with Italian companies is a …
Igor Sechin Held Talks in Egypt
On May 31, as part of his business trip, Rosneft Board Chairman Igor Sechin met Sherif Ismail, Egyptian Minister of Petroleum and Mineral Resources, and Tarek El Molla, Board Chairman of Egyptian General Petroleum Corporation (EGPC). During the meeting the parties discussed development of cooperation between Egyptian companies and Rosneft. …
Rosneft Repaid Two Syndicated Loans of the Former TNK- BP Group
On May 28, Rosneft delivered a payment to the group of international banks repaying two syndicated loans which were obtained by former TNK- BP group in 2011-2012. The Chairman of Rosneft Management Board Igor Sechin said in this regard: “The Company responsibly refers to the fulfilment of liabilities to its …
Russia, Venezuela Agree Massive $14bn Investment Deal
President of Venezuela Nicolas Maduro says his country has reached an agreement with Russia, which will see investment of $14 billion in the oil and gas sector over the next few years. The agreement was reached between the Venezuelan state oil firm, PDVSA (Petroleos de Venezuela) and the Russian oil …
Rosneft: To Quit UAE and Crescent Petroleum Project Due to Non Commercial Hydrocarbon Reserves?
Russia’s top oil producer Rosneft said on Tuesday it is considering quitting a gas project with UAE-based Crescent Petroleum in the emirate of Sharjah after exploration drilling failed to confirm commercial reserves. Abandoning the project would be yet another setback for Rosneft’s efforts to expand its global reach. The company …