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 …
Rosneft Basin Modeling to Assess the Hydrocarbon Potential of Offshore Areas
N.A. Malyshev, V.V. Obmetko (Rosneft Oil Company OJSC, RF, Moscow), A.A. Borodulin (RN-SakhalinNIPImorneft LLC, RF, Yuzhno-Sakhalinsk) The depletion of the resource base in Russia’s historical oil producing regions had brought about the necessity of developing remote areas in the Far North, Eastern Siberia and offshore regions. Performing geological exploration works …
Moody’s Upgrades Rosneft’s Subsidiaries to Baa1
The Moody’s rating agency has today upgraded to Baa1 from Baa2 the issuer rating of Rosneft International Holdings Limited (formerly TNK-BP International Ltd.) and of its guaranteed subsidiary Rosneft Finance S.A. (former TNK Finance S.A.) under the issue of eurobonds. The decision to upgrade the rating has been taken after …
Rosneft, Pirelli and Rostec Take Coperation to the Next Level
Rosneft, Pirelli & C. S.p.A. and Rostec State Corporation signed a Memorandum of understanding with regard to joint research and development activities. The agreement was signed by Igor Sechin, President and Chairman of the Management Board at Rosneft, Marco Tronchetti Provera, President, CEO of Pirelli & C. S.p.A. and Sergei …
Rosneft and Eni Agree Principal Terms of Trading Supply Deals and Cooperation in Logistics
Igor Sechin, Rosneft President and Chairman of the Management Board, and Paolo Scaroni, Eni CEO in the presence of the Russian President, Vladimir Putin, and Italy’s Prime Minister, Enrico Letta, signed a term sheet on mutual crude supply and a heads of agreement on logistics opportunities. These agreements outline principal …