Rosneft and Vitol Sign Heads of Agreement on LNG Sale and Purchase
Capitalizing on their successful cooperation in oil and petroleum product supplies, Rosneft and Vitol have agreed heads of terms regarding cooperation in a new sphere – liquefied natural gas (LNG). The Heads of Agreement for an LNG sale and purchase contract was signed by Rosneft President and Chairman of the …
Rosneft and BP Complete TNK-BP Sale and Purchase Transaction
Key points: Rosneft and BP today completed a number of transactions, in line with the terms announced in October 2012. As a result of the transactions: o BP receives net $12.48 billion in cash, including a TNK-BP dividend of $0.71 billion, and 18.5 per cent Rosneft shares; o Rosneft becomes …
Rosneft Begins Euro-5 Diesel Sales
Rosneft has started shipping Euro-5 compliant winter diesel to Moscow, the Bryansk, Smolensk, Archangelsk, Murmansk regions and the Krasnodar territory. The fuel will be marketed through the Company’s own distribution network. The production of Euro-5 diesel fuels at the Novokuibyshevsk refinery became possible thanks to a large-scale investment program being …
KMG completes the sale of its interest in the Kazakhstan Petrochemical Industries Inc.
JSC KazMunaiGas Exploration Production («KMG EP» or «the Company») announces the closing of the transaction to sell a 51% stake in the LLP «Kazakhstan Petrochemical Industries Inc.» («KPI») that operates the construction of the first integrated petrochemical complex in Atyrau region to the LLP «United Chemical Company», which has managed …
Disposal of Well Support Division for $2.8 billion Return of cash of not less than $1.7 billion
Wood Group, the international energy services company, today announces it has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion (the “Disposal”). Following the Disposal, the Board of Directors intends that Wood Group will return cash of not less than …