Rosneft lifts profits on higher crude production

Russia’s largest crude producer, Rosneft, increased its net profit on growing hydrocarbons production and sales volume helping offset the oil price drop in the period. Despite a weaker fourth quarter, the company demonstrated …

Rosneft decides to leave Iranian market - media

Last year, Russia’s oil giant Rosneft and the National Iranian Oil Company planned to fulfill joint projects in oil and gas production to the tune of $30 bln and produce up to 55 mln tonnes of oil per year. The sides signed a …

SOCAR to develop oilfield in Russia?

Azerbaijan’s state oil company SOCAR is in talks with Russia’s Rosneft, Gazprom and Novatek over the development of an oilfield in Russia, SOCAR Vice President Elshad Nasirov said. Nasirov also said that …