Strategic Cooperation Between Rosneft and BP Exceeds 20 Years
In 1996, the first BP gas station complex opened in Moscow. Currently, the brand’s network has 129 stations located in Moscow and the Moscow region, in St. Petersburg, Pskov, in the Leningrad, Tver, Smolensk and Novgorod regions. The network operator is now Rosneft. Today, the basis of strategic cooperation between …
Rosneft Repaid Two Syndicated Loans of the Former TNK- BP Group
On May 28, Rosneft delivered a payment to the group of international banks repaying two syndicated loans which were obtained by former TNK- BP group in 2011-2012. The Chairman of Rosneft Management Board Igor Sechin said in this regard: “The Company responsibly refers to the fulfilment of liabilities to its …
Rosneft: Repays Part of Their TNK-BP Loan Early
Rosneft announces it regularly repaid part of a loan obtained to finance the acquisition of TNK-BP. On February, 11 the Company paid to lenders USD 7.154 bln. In such a manner, the overall amount paid since December 2013 totaled USD 33 bln, in full accordance with credit agreements. Within two …
Rosneft: Repays $7bn Of TNK-BP Finance Loan
Rosneft announces it repaid part of a loan obtained to finance the acquisition of TNK-BP. On December, 22 The Company paid to lenders around USD 7 bln. In such a manner, the overall amount paid throughout the year totaled USD 24 bln, in full accordance with the credit agreement. Rosneft …
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 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’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: Green Light to Buy Gas Assets
The watchdog, known as FAS, said it had approved a bid by Rosneft’s TNK-BP Holding unit for Urengoy Gas Co (UGC) and Geotransgas, both in Russia’s Yamal-Nenets district in the country’s gas production heartland. TNK-BP became a unit of Rosneft earlier this year, when the state oil company acquired its …
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 …
Fridman’s Alfa Group Sets Up L1 Energy Investment Fund
Billionaire Mikhail Fridman’s Alfa Group will invest $20 billion or more in global oil and gas projects through a new fund it has set up that will be advised by top-ranking former oil bosses, including ex-BP chief executive Lord Browne reports Reuters. * German Khan to be CEO, recruiting managers …