Vostok Oil

Rosneft and a consortium of Vitol S.A. and Mercantile & Maritime Energy Pte. Ltd. (hereinafter, the Consortium) signed heads of terms for a transaction providing for the sale of a 5% stake in the authorized capital of OOO Vostok Oil. The agreement confirms the Consortium’s intention to acquire a stake …

PJSC NK Rosneft won the Best National Geological Exploration Company nomination in the international rating of the Wood Mackenzie analytical company at the end of 2020. Increasing oil and gas reserves is one of the key objectives of the Rosneft-2022 Strategy. The company has committed itself to replenishing at least 100% …

The Russian rating agency Expert RA has confirmed the credit rating of Rosneft at the highest level – ruAAA, with a stable outlook on the rating. Expert RA assesses the competitive position of Rosneft as strong, including due to large proven hydrocarbon reserves and low production costs. The agency also emphasizes …

Rosneft held a road show of the Vostok Oil project for foreign suppliers and contractors. Within the framework of the event, 5 meetings were held with representatives of companies supplying works and services, material and technical resources, as well as large contractors from Italy, Germany, China, Korea and Japan. The meetings were …

Rosneft has signed 73 cooperation contracts for a total of 616.5 billion rubles at the XXIV St. Petersburg International Economic Forum, including over 50 contracts totaling 558.8 billion rubles to implement the strategic project Vostok Oil. The Company has signed the contracts for construction works of Vostok Oil’s first stage …

As part of the XXIV St. Petersburg International Economic Forum, OOO Vostok Oil (a Rosneft Group Subsidiary) and OOO Inter RAO Engineering (an Inter RAO Group Company) concluded survey and design contracts to underpin construction of Train 1 power generation facilities for the Vostok OIl Project. Inter RAO Engineering is …

Vostok Oil (Rosneft Group Subsidiary) and AO United Energy Construction Corporation have signed an agreement for the installation of hydraulic structures at the North Bay Port Oil Terminal. The agreement envisages preparation of working documentation packages for the “Oil Terminal. North Bay Port” Project along with construction of two general …

Vostok Oil (Rosneft Group Subsidiary) and AO LENMORNIIPROEKT have concluded a survey and design contract for expansion of the North Bay Port Oil Terminal (Stages 2 and 3) to enable shipment of up to 100 million tons of Vostok Oil’s commercial crude oil by 2030. In 2020, Rosneft commenced full-field …

Rosneft is selling its three southern oil assets and could complete deals for all three by the end of May, sources told Reuters on Wednesday, as Russia’s top oil company shifts focus to the giant northern Vostok Oil project. Vostok Oil, in which global commodities trader Trafigura has a 10% …

Rosneft’s Vostok Oil project does not fall under the sanctions restrictions. This is stated by the company, referring to the results of the examination conducted by the world’s leading technology and legal companies. We will remind, on the Reuters website on January 15, 2021, news was published, which, according to …