Uncategorized

Rosneft Announces Termination of Contractual Arrangements with Fitch Ratings

Rosneft informs that following expiration and by agreement of parties, all credit rating service contracts between Fitch Ratings and Rosneft and its subsidiaries are to terminate, so that Fitch Ratings now withdraws the ratings earlier assigned to the Company and its subsidiaries, and their debt securities. Rosneft continues to work …

READ MORE →
Uncategorized

Rosneft Signs Memorandum of Understanding with Mitsui & Co., Ltd

Rosneft President, Chairman of the Management Board Igor Sechin and Mitsui & Co., Ltd. President and CEO Masami Iijima signed a Memorandum of Understanding. The document implies the creation of a joint working group in order to work out specific options of cooperation in the area of building and managing …

READ MORE →
Uncategorized

C.A.T. oil AG: 100% of Hydraulic Fracturing Capacity Successfully Marketed for 2014

C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, today announced that it has successfully marketed its fracturing capacities. The Company’s operating subsidiary CATKoneft has been awarded a tender worth EUR 148 million (based on a rouble-to-euro exchange rate of 47) …

READ MORE →
Uncategorized

Rosneft and General Electric Expand Science and Technology Cooperation

Rosneft and General Electric signed an Agreement to set up a series of joint ventures. The document was signed by Rosneft President Igor Sechin and General Electric CEO Jeffrey Immelt in the presence of the Prime Minister of the Russian Federation Dmitry Medvedev. The Agreement is aimed at the expansion …

READ MORE →
Uncategorized

Rosneft Signs Memorandum of Understanding with Marubeni-Itochu Steel Inc

On 4 February 2014 Igor Sechin, Rosneft President and Chairman of the Management Board and Yasuo Matsuura, President and CEO of Marubeni-Itochu Steel Inc., signed a Memorandum of Understanding. The document envisages a joint study of possibilities for cooperation in implementing of an integrated materials management system and maintenance of …

READ MORE →
Uncategorized

Rosneft Posts Record 2013 Results: Daily Hydrocarbon Production Reached 4.9 mmboe, EBITDA Amounted to RUB 947 bln Supported by Hydrocarbon Production Growth, Increased Efficiency and Integration of New Assets

Crude oil and liquids production equaled 4,196 th.bpd (organic growth 1%), gas production reached a record high figure of 38.17 bcm (organic growth 22%). The Company stabilized production of its largest West Siberia assets, including Samotlorneftegaz, Nizhnevartovsk, Varieganneftegaz, and Nyaganneftegaz. The brownfield successes have been primarily driven by employment of …

READ MORE →
Uncategorized

Rosneft Posts Record 2013 Results

Rosneft‘s daily hydrocarbon production reached 4.9 mmboe, EBITDA amounted to RUB 947 bln supported by hydrocarbon production growth, increased efficiency and integration of new assets. Crude oil and liquids production equaled 4,196 th.bpd (organic growth 1%), gas production reached a record high figure of 38.17 bcm (organic growth 22%). The …

READ MORE →
Uncategorized

Rosneft Reserve Replacement Ratio Nears 180%, Hydrocarbon Resources Reach 339 billion BOE

Rosneft reviewed the results of DeGolyer & MacNaughton’s independent audit of its hydrocarbon reserves. In 2013, Rosneft once again confirmed its positions as a world’s leader among publicly traded companies in terms of proven hydrocarbon reserves and hydrocarbon resources. According to the results of the audit performed by DeGolyer & …

READ MORE →
Uncategorized

Rosneft Receives First Tranche of Advance Payment from CNPC

Rosneft announces that the Company received the first tranche of advance payment from China National Petroleum Corporation (CNPC). The payment was received in two parts in line with the schedule agreed by the parties. The Company receives the advance payment following the long-term crude oil supply contracts signed by Rosneft …

READ MORE →
Uncategorized

Rosneft Sums up Results of Offshore Operations in 2013

Rosneft summed up the results of its offshore operations last year. The company received licenses for 17 new offshore blocks, namely Zapadno-Matveyevsky, Zapadno-Prinovozemelsky, Russky, Severo-Pomorsky-1, Yuzhno-Prinovozemelsky, Anisinsko-Novosibirsky, Severo-Karsky, Ust-Lensky, Ust-Oleneksky, Severo-Vrangelevsky-1, Severo-Vrangelevsky-2, Yuzhno-Chukotsky, Albanovsky, Varneksky, Vostochno-Sibirsky, Vostochno-Pribrezhny, and Amur-Limansky ones. Another two offshore blocks were awarded to Rosneft upon discovery. …

READ MORE →