Rosneft and SANORS Sign Heads of Agreement For Joint Venture
On June 21, 2013, Rosneft and SANORS petrochemical holding company signed Heads of Agreement (HoA), under which the parties intend to create a joint venture that will incorporate Rosneft’s gas processing assets and SANORS’ petrochemical assets in Orenburg and Samara regions. It is expected that Rosneft’s stake in JV will …
Rosneft аnnounces the final results of Voluntary Partial Public Tender Offer concerning the Shares of Saras S.p.A.
The following offer pertains to 69,310,933 shares of common stock, equal to approximately 7.29% of the share capital of SARAS S.p.A. – Raffinerie Sarde For more details please refer to the offer document Source
Provisional results of the voluntary partial public tender offer promoted by Rosneft JV Projects S.A. on the ordinary shares of Saras S.P.A – Raffinerie Sarde
The acceptance period of the tender offer has ended on 14 June 2013; On the basis of the provisional results, no. 213,796,505 of Saras S.p.A. – Raffinerie Sarde ordinary shares, equal to 22.48% of the issued corporate capital of the same company, have been tendered in acceptance of the …
Rosneft Enters Norwegian Continental Shelf in the Barents Sea Following Results of 22nd Licensing Round
Following the results of the 22nd Licensing Round announced by the Norwegian Ministry of Petroleum and Energy, RN Nordic Oil AS, a 100% indirect subsidiary of Rosneft, has been granted the award of a 20% participating interest in the license PL713 covering the area of 1,213 sq. km. License PL713 …
Rosneft and ExxonMobil Finalize Arctic Research Center and Technology Sharing Agreements
Rosneft and ExxonMobil today signed final agreements establishing a joint Arctic Research Center (ARC) in Russia and an over-arching technology sharing agreement to support the companies’ joint ventures worldwide. Formally named the Arctic Research and Design Center for Continental Shelf Development, the ARC will provide the Rosneft and ExxonMobil joint …
Rosneft President Igor Sechin Visits London
On 10 June 2013 Rosneft President and Chairman of the Management Board Igor Sechin went on a working trip to London, England. As part of the visit Igor Sechin took part in a bilateral dialogue on energy addressing current issues of the Russian-British cooperation in energy. Additionally, Mr. Sechin had …
Rosneft Establishes Committee to Work with TNK-BP Holding Minority Shareholders
Rosneft follows the corporate policy of openness and plans to establish the Committee to work with minority shareholders of TNK-BP Holding. The Committee will consider suggestions and recommendations received as a result of discussions with minority shareholders and stock market players. The Committee will develop proposals for Rosneft management on …
Rosneft To Take Over Russian Gas Firm Itera for $3bln
Russia’s state-controlled oil company Rosneft is planning to take over local gas firm Itera for $3 billion, two sources close to Rosneft said on Tuesday, strengthening its hand in challenging Gazprom’s industry dominance. Rosneft already owns a 51 percent stake in Itera, which was the top gas supplier to the …
Rosneft Agree with INPEX on Joint Offshore Operations at the Magadan 2 and 3 Fields
Rosneft signed a cooperation agreement with INPEX CORPORATION to jointly explore license offshore blocks Magadan-2 and Magadan-3 in the Russian section of the Sea of Okhotsk. Estimated recoverable resources of the two blocks stand at 1,577 million tonnes of oil equivalent. The agreement, signed by Igor Sechin, Rosneft President and …
Rosneft and Venezuelan Corporacion Venezolana del Petroleo Sign Joint Venture Agreement
On May 23, an agreement to create a joint venture to develop heavy oil reserves in Venezuela in the framework of the Carabobo-2 project was signed in Barcelona, Venezuela, by Rosneft and the Venezuelan Corporacion Venezolana del Petroleo (CVP), a subsidiary of PDVSA. The agreement was signed by Rosneft President …