Rosneft

Rosneft sells stake in Georgia's Petrocas Energy

Rosneft sells stake in Georgia's Petrocas Energy

Rosneft has sold an asset in Georgia - the May 11, 2022 deal on the purchase and sale of a 49% stake in Petrocas Energy Group was closed on Monday. "As a result of the deal, Rosneft withdrew from its entire stake in Petrocas Energy …

India in talks to increase Russian oil imports

India in talks to increase Russian oil imports

India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC, Bloomberg reported. State processors are collectively working on finalizing and …

Rosneft says it has no assets in Ukraine

Rosneft says it has no assets in Ukraine

Russia’s oil major Rosneft said on Sunday it has no assets on Ukraine’s territory. "The company was surprised to learn about the arrest of assets allegedly owned by Rosneft in Ukraine. We would like to inform that now …

Germany mulls nationalization of Gazprom, Rosneft units

Germany mulls nationalization of Gazprom, Rosneft units

The German economy ministry is considering expropriation of Gazprom and Rosneft units in the country amid concerns about security of energy supply, business daily Handelsblatt reported, citing government sources. The discussions between …

BP announces exiting Rosneft shareholding

BP announces exiting Rosneft shareholding

Oil company BP said on Sunday that it will exit its 19.75% stake in Russian company Rosneft due to a Russian special operation in Ukraine. "The BP board today announced that BP will exit its shareholding in Rosneft. BP has held a …

Russian cabinet considering Rosneft gas supplies to Europe

Russian cabinet considering Rosneft gas supplies to Europe

Russia’s government is considering the issue of the possibility of Rosneft’s pipeline gas supplies to Europe, Kremlin Spokesman Dmitry Peskov told reporters on Tuesday. "Indeed, the issue is under consideration at the …

Rosneft expects oil prices to rise to $120 per barrel

Rosneft expects oil prices to rise to $120 per barrel

The Russian oil and gas company "Rosneft" expects that by the end of the first half of 2022 the world oil price could reach $120 per barrel. This was announced by Otabek Karimov, Vice President for Commerce and Logistics of the …

Russia to refocus energy strategy

Russia to refocus energy strategy

Russia's aim to be carbon neutral by 2060 -- announced by President Putin in the run-up to the COP26 climate meeting -- will require a huge restructuring of its economy, which is today heavily dependent on oil and gas revenues

Russia's Rosneft to start gas exports to Europe?

Russia's Rosneft to start gas exports to Europe?

Russia's largest oil producer Rosneft asked President Vladimir Putin to allow it to export 10 billion cubic metres of gas per year via an agent agreement with pipeline gas exporting monopoly Gazprom, Kommersant daily said on Friday. …

Russia's answer to US shale

Russia's answer to US shale

Russia regards its Arctic oil and gas development in the same way that the U.S. saw its shale oil and gas sector around 20 years ago, which is a truly game-changing opportunity to alter the balance of power in the world’s hydrocarbons markets

SOCAR to operate exports of Rosneft oil products to Ukraine

SOCAR to operate exports of Rosneft oil products to Ukraine

The Azerbaijani state oil company SOCAR has become an export operator of Rosneft's oil products to Ukraine, the corresponding contract has already been signed with the Russian side, the Ukrainian newspaper Enkorr reported citing market …

Moscow's bid to ditch dollar picks up

Moscow's bid to ditch dollar picks up

Moscow’s multi-year push to reduce Russia’s exposure to the dollar hit a major milestone as the share of exports sold in the U.S. currency fell below 50% for the first time, Bloomberg writes. Most of the slump in dollar use came from Russia’s trade with China, more than three-quarters of which is now conducted in euros, according to central bank data published late Monday. The common currency’s share in total exports jumped more than 10 percentage points to 36%, the data for the fourth quarter show

Russian, Saudi oil giants to benefit from Biden’s anti-oil agenda

Russian, Saudi oil giants to benefit from Biden’s anti-oil agenda

The growing number of Western countries aiming for net-zero emissions by 2050 and the U.S. Administration’s drive to limit oil and gas extraction on federal land and waters are likely to benefit the biggest oil firms in Russia and Saudi oil giant Aramco, analysts and portfolio managers told Bloomberg, Oil Price informs. While major developed economies are vowing to ‘build back greener,’ the world will still run on oil, and the beneficiaries, at least in the short term, will be the oil firms in countries that haven’t pledged net-zero targets and whose major oil companies are doubling down on oil production

Oil production in Russia falls to ten-year low

Oil production in Russia falls to ten-year low

According to the data of the Central Dispatching Department of the Fuel Energy Complex,  oil and gas condensate production in Russia decreased by 8.6% - to 512.68 million tons in 2020. Thus, the largest reduction was documented in …

President of Azerbaijan awards Igor Sechin with Dostlug Order

President of Azerbaijan awards Igor Sechin with Dostlug Order

Chief Executive Officer, Chairman of the Management Board of PJSC Rosneft Igor Sechin was awarded the Dostlug Order. The corresponding decree was signed by Azerbaijani President Ilham Aliyev. The head of Rosneft received the award for …