Rosneft

 Glencore CEO and Qatar Foundation representative nominated to join Rosneft Board of Directors

Glencore CEO and Qatar Foundation representative nominated to join Rosneft Board of Directors

Glencore CEO Ivan Glasenberg and Qatar Foundation President of Research and Development, Faisal Alsuwaidi, have been nominated as candidates for Rosneft Board of Directors, Rosneft said. Overall, there …

Rosneft to sell  Grozneftegas oil assets to Chechnya

Rosneft to sell Grozneftegas oil assets to Chechnya

Russian oil giant Rosneft could be preparing to sell its assets in the Chechen republic to local authorities. The proposals include selling a 51% share in the company's Chechen subsidiary Grozneftegas to the regional government, the …

Russia#039s Rosneft to buy oil from Iraqi Kurdistan

Russia's Rosneft to buy oil from Iraqi Kurdistan

Russia's Rosneft and the regional government of Iraqi Kurdistan signed a three-year contract in London on the purchase of oil to deliver it to its refineries abroad, the Russian company said. "The off-take and supply of Kurdish …

Putin to meet with participants of Rosneft privatization

Putin to meet with participants of Rosneft privatization

Russian President Vladimir Putin is to meet with investors who participated in the privatization of Rosneft, press secretary Dmitry Peskov said on Wednesday, TASS reports. "He will meet with a …

The Secrets Behind Russia’s 2016 Oil Success

The Secrets Behind Russia’s 2016 Oil Success

A combination of tax measures, the dollar's value and benefits of a cheap production

House arrest of Ulyukayev extended

House arrest of Ulyukayev extended

A Moscow court has extended the pretrial house arrest of former Economic Development Minister Aleksei Ulyukayev by three months. The Basmanny district court granted prosecutors' request for an extension on January …

Glencore and QIA announce Rosneft deal closed

Glencore and QIA announce Rosneft deal closed

The consortium of Glencore plc, the London-listed commodities trading and mining company, and Qatar Investment Authority (QIA) closed the deal of buying out Russian state-run oil company Rosneft’s 19.5% stake, Glencore said in a …

Russia#039s Transneft not able to halt shipments of Rosneft#039s oil

Russia's Transneft not able to halt shipments of Rosneft's oil

The Moscow court had ruled against any move by Transneft to halt pipeline shipments of Rosneft's oil, Reuters reports with reference to Interfax. Transneft has not yet agreed a deal with Rosneft for 2017 on transporting its oil and …

Russia#039s Economy Goes Out Of Recession

Russia's Economy Goes Out Of Recession

It can surprise next year by accelerating growth to 1.5%

Sechin: proceeds from Rosneft privatization transferred to budget

Sechin: proceeds from Rosneft privatization transferred to budget

Rosneft CEO Igor Sechin has reported to the Russian President Vladimir Putin that all the proceeds from the privatization of 19.5% of the shares of Russia's largest oil company Rosneft have been …

 Lukoil: companies to cut production in line with share of Russian output

Lukoil: companies to cut production in line with share of Russian output

Russian oil company Lukoil will cut its output in proportion with its share of Russian crude production, the firm's vice president, Ravil Maganov, said. His remarks were made after a meeting between Russian oil …

Sanai: Iran interested in Russian energy companies

Sanai: Iran interested in Russian energy companies

Iran is interested in the presence of Russian energy companies on its market, and certain agreements are expected to be signed soon, the Iranian Ambassador in Moscow Mehdi Sanai said. "Iran is very much interested …

Rosneft to buy Eni stake in Egypt#039s Zohr gas field

Rosneft to buy Eni stake in Egypt's Zohr gas field

Italy’s Eni has agreed to sell the Russian state-run company Rosneft up to a 35% stake in an oil concession in Egypt that contains the giant Zohr field, the biggest gas discovery in the Mediterranean Sea. Rosneft will pay US$1.125 …

Mikhail Leontyev to Vestnik Kavkaza: Rosneft#039s privatization helped budget

Mikhail Leontyev to Vestnik Kavkaza: Rosneft's privatization helped budget

Partial privatization of Rosneft allowed to resolve key issue - compensate the deficit of Russian budget, Rosneft press secretary Mikhail Leontyev said in an interview with Vestnik Kavkaza, commenting on the privatization of …

Rosneft stake price sets records

Rosneft stake price sets records

Rosneft shares appreciated by 6.6% to 380 rubles per share on Thursday morning, following news of the privatization deal. Rosneft CEO Igor Sechin said at the meeting with the Russian President Vladimir …

Rosneft privatization deal is completed

Rosneft privatization deal is completed

The deal on privatization of shares in Russian oil major Rosneft is completed, Chief Executive Officer of the company Igor Sechin reported to Russian President Vladimir Putin on Wednesday, TASS reports. …

Russian oil firms discussed output cuts

Russian oil firms discussed output cuts

Russian companies support Energy Ministry proposals to cap oil output as part of a global deal, a ministry spokeswoman said on Wednesday as Moscow prepares to finalize the agreement with OPEC and other producer nations this weekend, Reuters …

Rosneft to be privatized before December 15

Rosneft to be privatized before December 15

Privatization of state-owned oil company Rosneft should be completed before December 15, the Russian President’s aide Andrei Belousov said. "Our date is December 15," he answered the question if the …

Moscow Court keeps Ulyukayev under house arrest

Moscow Court keeps Ulyukayev under house arrest

The Moscow City Court upheld the decision on the house arrest of the former Russian Economic Development Minister Alexei Ulyukayev.  The court did not allow the former economy minister to talk to mass media …

 Ulyukayev being questioned by IC

Ulyukayev being questioned by IC

Russian Minister of Economic Development Alexei Ulyukayev is being questioned by representatives of the Russian Investigative Committee. A source said that restrictive measures against the minister will be …

All the details of Ulyukayev#039s detention

All the details of Ulyukayev's detention

Russian Minister of Economic Development Alexei Ulyukayev was detained on suspicion of taking a two-million-dollar bribe over a massive deal involving state-controlled oil giant Rosneft. It alleged in a statement the …

Ulyukayev#039s phone tapped since summer

Ulyukayev's phone tapped since summer

The Federal Security Service (FSB) had been tapping the Russian Economic Development Minister Alexey Ulyukayev's phone since early summer this year, Russia’s Investigative Committee's spokesperson …

 Rosneft refuses to comment on Ulyukaev#039s detention

Rosneft refuses to comment on Ulyukaev's detention

The stake in Bashneft was purchased in accordance with Russian legislature on the basis of best commercial offer made to the operator bank, a representative of Rosneft said, adding that the company would not comment on the Investigative …

Peskov on Ulyukayev#039s detention: charges are very serious

Peskov on Ulyukayev's detention: charges are very serious

Charges against Russian Economic Development Minister Alexey Ulyukayev are very serious, the Kremlin spokesman Dmitry Peskov said. "These are very serious charges that require very serious …

Russian Economy Minister Ulyukayev detained in Moscow

Russian Economy Minister Ulyukayev detained in Moscow

Russian Minister of Economic Development Alexei Ulyukayev was detained in connection with an alleged bribe. Russia's Investigative Committee, said Ulyukayev received a $2 million bribe in exchange for signing off on …

Russia, Iran in oil swap talks

Russia, Iran in oil swap talks

Tehran is in talks with Russian companies on petroleum swap deals, Iran's deputy oil minister for international affairs Amirhossein Zamaninia said. "Yes, we are," he said when asked whether the country is …

Russian State Duma amendments budget

Russian State Duma amendments budget

Budget amendments for 2016 have passed their second reading in Russia’s State Duma.  The draft amendments imply an increase of Russia’s 2016 federal budget deficit to 3 trillion rubles ($47.2 bln), or 3.7% of GDP. …

India#039s Essar oil imports from Iran up 8%

India's Essar oil imports from Iran up 8%

India's Essar Oil imported about 8.3% more Iranian oil in September compared to last year (about 132,000 barrels per day). Iran's share in overall imports by Essar Oil in the January-September period rose to about 46% while …

Rosneft ready to buy 100% of Bashneft

Rosneft ready to buy 100% of Bashneft

Rosneft has asked Russia's Federal Anti-monopoly Service for permission to purchase up to 100% of Bashneft, the deputy head of the body, Anatoly Golomolzin, said. "They have asked us for permission to purchase 100% of …

Rosneft cancels Lukoil#039s oil purchase deal with Bashneft

Rosneft cancels Lukoil's oil purchase deal with Bashneft

Russia's oil producer Rosneft asked Lukoil to cancel a crude oil purchasing contract with Bashneft, which RBC daily put at 400 billion rubles ($6.4 billion). Earlier this month Rosneft acquired just over 50% in Bashneft for 330 …