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 …
Rosneft Produced One Millionth Ton of Oil at the Northern Tip of Chayvo Field
On May 25, Rosneft produced one millionth ton of crude oil at the Northern Tip of Chayvo field on the shelf of the Sakhalin Island. This milestone was reached just eight months after drilling of the first well at the field was completed in September 2014 from the onshore site. …
Rosneft Sets Another Drilling Speed Record
Another record of commercial drilling speed at the continental part of Russia was set at Ust-Tegusskoye field of RN-Uvatnefregaz, a Rosneft subsidiary. 2849 m – deep controlled directional well No.2948 was drilled in 7.5 days with the drilling speed of 11441 MTR/RIG per month. This rate extends the uppermost figures …
Surgutneftegas: Denies Rosneft Share Acquisition
Given the recent publications in national and foreign mass media with reference to the Bloomberg news agency regarding the allegedly intended acquisition of Rosneft shares by OJSC “Surgutneftegas” the press-centre of OJSC “Surgutneftegas” declares that the contents of the above mentioned publications have no grounds whatsoever. Rumors being spread, in …
Rosneft BOD Extends the Terms of Authority of Igor Sechin for 5 years
Rosneft Board of Directors held a scheduled meeting. In compliance with the guidelines of the Government of the Russian Federation Rosneft BoD appointed Igor Sechin CEO of the Company starting May 24, 2015. In accordance with the corporate Charter of Rosneft the Board of Directors approved the contract with Igor …
Vankorneft: 100 millionth Ton Produced at the Vankor Field
Vankorneft, a Rosneft’s subsidiary, produced the 100 millionth ton of oil on the Vankor oil and gas condensate field launched in 2009. Advanced engineering solutions across all the stages of drilling, pumping, processing and transportation of Vankor crude contributed to the high output. Vankor has one of the industry-highest oil …