Rosneft Extends Cooperation with Armenia
As part of a working visit to Armenia Rosneft President Igor Sechin met with the President of the Republic of Armenia, Serzh Sargsyan. A number of documents, pointed at extending cooperation with the republic, were signed in presence of the Armenian President Rosneft, L.L.C. PIRELLI Tyre Russia, and Oil Techno …
Rosneft Repays Part of a Loan Arranged for ТNК-ВР Acquisition
Rosneft announces it repaid part of a loan obtained earlier from a group of international banks to finance the acquisition of TNK-BP. With the early repayment announced earlier, the overall amount paid towards the settlement of the principal debt totaled around USD 5.1 billion. Igor Sechin, President of Rosneft, commented: …
Rosneft and NOVATEK Agree Assets Swap
Rosneft announces that it signed an agreement with NOVATEK to swap assets. 40% of shares in Artic Russia B.V. held by Rosneft will be swapped for 51% shares in Sibneftegas held by NOVATEK. The transaction does not involve any cash payments. Upon completion of the transaction, Rosneft, already holding a …
Rosneft Acquires Morgan Stanley International Oil Merchanting Business
The Russian 100% subsidiary of Rosneft Oil Company and Morgan Stanley signed a binding agreement to purchase the Global Oil Merchanting unit of Morgan Stanley Commodities division. Financial terms of the transaction were not disclosed. The sale includes access to an international network of oil storages, crude oil and products …
Rosneft Discovers New Hydrocarbon Deposits at Eastern Siberia’s License Blocks
Four new hydrocarbon deposits were discovered at Rosneft’s license blocks in Eastern Siberia, and reserves for one of the reservoirs have been converted from C2 to C1 category. The increase in C1 recoverable oil and condensate reserves was over 10 million tonnes; gas reserves – 12 bcm, which was approved …
Moody’s Affirms Rosneft’s Credit Rating at Baa1, Upgrades Outlook to Stable
Moody’s International Rating Agency announced today that it affirmed Rosneft‘s Baa1 credit rating and upgraded outlook to stable. Rosneft Baa1 credit rating is now on a par with the sovereign rating of the Russian Federation. The management of Rosneft held a number of meetings with Moody’s representatives, where the mid-term …
Rosneft Starts Early Repayment of Loans Arranged for TNK-BP Acquisition
Rosneft announces that it has started early repayment of a part of the loan obtained earlier from a group of international banks to finance TNK-BP acquisition. Early repayment of the loans obtained to finance TNK-BP acquisition before the due time established by the relevant loan documents became possible due to …
Moody’s Affirms Rosneft’s Credit Rating at Baa1, Upgrades Outlook to Stable
Moody’s International Rating Agency announced today that it affirmed Rosneft’s Baa1 credit rating and upgraded outlook to stable. Rosneft Baa1 credit rating is now on a par with the sovereign rating of the Russian Federation. The management of Rosneft held a number of meetings with Moody’s representatives, where the mid-term …
Rosneft and ExxonMobil Complete JV Formation to Develop Tight Oil Reserves in Western Siberia
Rosneft and ExxonMobil today signed documents establishing a joint venture to implement a pilot project for tight oil reserves development in Western Siberia as part of the implementation of the agreement on strategic cooperation. Rosneft will hold 51 percent interest and ExxonMobil will hold 49 percent interest in this project. …
Rosneft and Statoil Move Forward With Shale Oil Cooperation in the Samara Region
Rosneft and Statoil today signed the Shareholders and Operating Agreement for a joint venture to assess the feasibility of commercial production from the Domanik shale formation. The document was signed Igor Sechin, President ofRosneft, and Helge Lund, Statoil CEO. This is another significant step forward following the Heads of Agreement …