Rosneft Board of Directors Rules to Purchase RN Holding Shares
The Board of Directors of Rosneft made a resolution to purchase ordinary and preferred shares of ОАО RN-Holding (formerly ОАО TNK-BP Holding) based on a voluntary offer to acquire shares under the applicable laws on joint stock companies. The Board of Directors resolved to establish the voluntary acquisition price based …
Rosneft’s Sechin Offers to Buy Out TNK-BP Minorities
Russian Rosneft’s board will consider the possibility of buying out minority shareholders of TNK-BP Holding, offering a 20 to 30 percent premium to the current share price, Rosneft’s head Igor Sechin said on Friday, reported by Reuters “This will reflect a fair price, we think that the premium to the …
Rosneft Acquires ALROSA Oil and Gas Assets
Rosneft agreed to acquire a number of oil and gas assets from ALROSA in Yamalo-Nenets Autonomous Region and in the Republic of Sakha (Yakutia), including 100-percent holdings in CJSC Geotransgaz, Urengoi Gas Company LLC, CJSC Irelyakhneft and the 99.9995 percent stake in OJSC ALROSA -Gas. The agreement was signed by …
Rosneft and ExxonMobil Selects Contractors for Initial Phase Engineering and Design for Russian Far East LNG Project
Rosneft and ExxonMobil today selected CB&I UK and Foster Wheeler Energy as contractors for initial phase front end engineering and design (FEED) for a proposed Russian Far East liquefied natural gas project. Rosneft and ExxonMobil intend to finalize project design by the end of 2014, including front-end engineering and design …
Rosneft Agrees Gas Supplies to Fortum Assets in Russia
Rosneft and Fortum have signed a cooperation agreement on additional gas supplies. The document was signed by Rosneft President and Chairman of the Management Board Igor Sechin and Fortum CEO Alexander Chuvayev. Under the document signed, by December 10, 2013 the parties will agree terms of the gas supply contract, …
Rosneft Agrees Long Term Gas Supplies to Enel Assets in Russia
Rosneft and Enel OGK-5 signed an agreement on the long-term gas supplies to Enel OGK-5 enterprises. The agreement was signed by Rosneft President, Chairman of the Management Board, Igor Sechin and General Director of OJSC Enel OGK-5 Enrico Viale. As part of the agreement Rosneft plans to deliver gas in …
Rosneft Acquires Enel Stake in SeverEnergia
Rosneft agreed to acquire a 40% stake in Arctic Russia B.V. from Enel, which will lead to Rosneft’s indirect ownership of a 19.6% stake in SeverEnergia. The stake will be acquired by NGK Itera, a subsidiary of Rosneft, which is a center consolidating gas assets within Rosneft group. The transaction …
Rosneft Holds Board of Directors Meeting
Rosneft Board of Directors considered a range of issues relating to the Company’s current activities at a scheduled meeting on September 18. The Board of Directors took into consideration information on the Rosneft’s H1 2013 finance and business operations plan implementation results and approved the adjustment of the key indicators …
Rosneft President on a Business Trip to Republic of Belarus
On a business trip to Belarus, Rosneft President and Chairman of the Management Board Igor Sechin met President of Belarus Aleksandr Lukashenko. The parties have confirmed mutual interest to furthering business relationship between the largest Russian oil company and the Republic of Belarus and discussed a variety of matters regarding …
Rosneft: Green Light to Complete Taas-Yuriakh Purchase
Rosneft won clearance to bid for the remaining stake in a mid-sized Russian oil producer in which it already owns 35 percent, continuing an expansion drive which has made it the world’s largest oil company by output in just a year. Russia’s antimonopoly watchdog FAS said in a statement on …