Rosneft: Financial and Production Figures Up Massively Due to Multiple Acquisitions
Hydrocarbon production (including production by fully and proportionally consolidated subsidiaries and share in production by affiliates) increased by 82.8% in H1 2013 and reached 4,804 th. boepd. H1 crude oil production reached 4,183 th. bpd, which represents a 73.5% increase Y-o-Y, while gas production more than doubled and reached 15.3 …
Rosneft President Igor Sechin Meets Rostov Region’s Governor Vasily Golubev
Rosneft President and Chairman of the Management Board Igor Sechin, accompanied by a team of the Company’s top managers, held a working meeting with Rostov region’s Governor Vasily Golubev. As part of the meeting the parties signed heads of agreement for Rosneft to acquire fueling assets in Rostov-on-Don. The parties …
Alliance Denies in Talks with Rosneft Over Oil Assets
Alliance Group, a shareholder in mid-sized Russian oil and gas company Alliance Oil, denied reports that it was in talks over a sale of assets to state-controlled oil major Rosneft. Russian newspapers Kommersant and Vedomosti said this week that Rosneft or its first vice-president Eduard Khudainatov acting alone were considering …
Rosneft to Invest 52 billion rubles into Far East Development
Rosneft President and Chairman of the Management Board Igor Sechin reported to Russian President Vladimir Putin on the company operations in the Far East Federal District and mid-term plans to develop offshore projects via a video conference on 16 July. The video link connected Yuzhno-Sakhalinsk, where President Putin was at …
Rosneft Bolsters Works at Kara Sea Shelf
Rosneft jointly with the RosHydroMet Arctic and Antarctic Research Institute starts the large-scale program for comprehensive studies of the Kara Sea shelf as part of Kara Sea Summer 2013 Marine Expedition. The Expedition is scheduled for July 12. Full-scale development of the Arctic offshore fields is one of the key …
Rosneft Starts Field Seismic Prospecting and Environment Studies with its Partner Eni in the Barents Sea
Rosneft started field seismic operations at Fedynsky and Central Barents license areas, explored by Rosneft jointly with the project partner Eni, the major Italian oil company. 2D seismic survey is now scheduled along with the on-board gravity and magnetic measurements for 9,950 linear km in two license areas. The data …
Rosneft and Federal Tax Service Sign Second Agreement on Pricing for Tax Purposes
On July 04, 2013 Rosneft President Igor Sechin and Head of the Federal Tax Service of Russia Mikhail Mishustin signed the Pricing Agreement for the purpose of taxation of oil sales transactions at the Russian market. The Agreement applies to 2012 sales of crude oil produced by Slavneft Group enterprises …
Rosneft and PDVSA signed cooperation agreement to implement projects on Venezuelan shelf
On July 2 in Moscow Rosneft’s President and Chairman of the Management Board Igor Sechin and Venezuelan Oil Minister and PDVSA President Rafael Ramirez in the presence of the President of the Russian Federation Vladimir Putin signed a cooperation agreement for implementation of offshore projects in Venezuela. The Agreement provides …
Rosneft consolidated ITERA Oil and Gas Company
Rosneft and members of ITERA Oil and Gas Company LLC inform on the acquisition of the remaining 49% of ITERA Oil and Gas Company LLC from Itera Holdings Limited for USD 2.9 bln. As a result Rosneft increased its share in Itera Oil and Gas Company LLC to 100%. Consolidation …
Rosneft Launches Exploration Works and Environmental Analysis at Sea of Okhotsk Blocks
Rosneft starts field seismic prospecting at the license blocks Lisyansky, Kashevarovsky and Magadan-1. Rosneft holds geological study at the blocks jointly with its partner Statoil ASA (Norway). Currently 2D seismic along with shipborne gravity magnetic survey are planned for the blocks. The data is to be collected by geophysical methods …