PDVSA offers Rosneft 10 per cent stake in Petropiar joint venture Reuters is reporting that Venezuela’s state-run oil company PDVSA has offered Russia’s Rosneft a stake in the country’s Orinoco Belt extra-heavy crude area. The sale is a sign of the South American nation’s poor economic situation and Moscow’s growing muscle in the region. According […]
Cash-strapped PDVSA offers Rosneft oil stake: Reuters Read More »
Essar Oil deal valued at $12.9 billion By Vladimir Soldatkin, Alexander Winning and Kira Zavyalova MOSCOW, Feb 20 (Reuters) – A consortium led by Russian oil major Rosneft plans to finally complete its $12.9 billion acquisition of India’s Essar Oil next month, two Russian sources close to the deal told Reuters. Acquiring the refiner will
Rosneft-led consortium plans to complete Essar Oil acquisition next month Read More »
Rosneftegaz received funds from Rosneft stake sale last week By Vladimir Soldatkin and Denis Pinchuk MOSCOW, Dec 23 (Reuters) – The Russian government is in control of cash on the books of state holding company Rosneftegaz and spending from those reserves is “absolutely transparent”, President Vladimir Putin said on Friday. Rosneftegaz, which has stakes in
Putin says Russian government has control of Rosneftegaz money Read More »
Gulf of Mexico oil blocks show “lack of prospect”: Rosneft MOSCOW, Dec 2 (Reuters) – Russia’s largest oil producer Rosneft and ExxonMobil have decided not to proceed with joint development of Gulf of Mexico oil blocks due to “lack of prospects”, Interfax news agency quoted Rosneft as saying on Friday. In 2011, both companies signed a broad
Rosneft, Exxon drop plans for Gulf of Mexico oil development Read More »
Vostochno-Messoyakha Russia’s most northernmost oilfield MOSCOW, Sept 20 (Reuters) -Vostochno-Messoyakha, Russia’s northernmost onshore oilfield, will start production on Wednesday, the Kremlin said on Tuesday, just days before a major oil producers’ meeting. President Vladimir Putin will watch the launch of the oilfield, jointly developed by Rosneft and Gazprom Neft, via a video link. Gazprom Neft’s
Putin to oversee launch of Vostochno-Messoyakha oilfield Read More »
Igor Sechin says global market may face oil shortage in 3-5 years MOSCOW, June 15 (Reuters) – Igor Sechin, head of Russia’s largest oil producer Rosneft and the country’s most influential energy executive, said in an interview that he expects the fight for global energy market share to intensify. In the interview with Il Sole 24 published
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Russia looks for meeting between OPEC and other oil producing countries ABU DHABI, United Arab Emirates _ Russia says it is open to a meeting with fellow major oil-producing nations to discuss production levels amid a plunge in global oil prices. Foreign Minister Sergey Lavrov told reporters in the United Arab Emirates on Tuesday that
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