Rosneft reappoints Sechin as CEO

Russian energy giant Rosneft re-appointed Chief Executive Igor Sechin for another five years. Sechin has been at the helm of Rosneft since 2012. His existing five-year contract expires this month.  Rosneft, with …

Rosneft withdraws from all projects in Venezuela

Rosneft has completely discontinued its operations in Venezuela and withdrawn from all projects in the country, including exploration and production entities, as well as oilfield services companies, Chief Executive Officer of Russia’s oil …

China shies away from Russian oil?

China’s state oil company Sinochem Corp is rejecting any crude cargo "from or related to" Russia’s state oil major Rosneft before U.S. sanctions on a Rosneft unit take effect in May, two sources with direct knowledge of the …

Sechin: Russia should protect its share on oil market

Rosneft CEO Igor Sechin said that the  U.S. is preparing to increase its oil production, which raises the question about the efficiency of the OPEC+ oil output reduction deal. He stressed that Russia should protect …