Tag Archives: International Companies

Rosneft is Germany’s third biggest oil refining market player. with aggregate capacity of 12.5 million tonnes a year.

Sakhalin-1 is operated by Exxon Neftegaz Ltd. through which ExxonMobil owns 30 percent in the project.

U.S. energy companies last week cut the number of oil rigs by the most since March following recent declines in oil prices.

Rosneft supplies Germany with fuel via petrol stations operated by its partners BP and Total.

The cash from the IPO would have given the Saudi sovereign wealth fund fire-power for fresh deals.

During the first part of the route. through the Laptev Sea. the vessels had to sail in up to two meters thick very close drift ice.

Opponents claim sanctions unfairly penalize US firms while allowing their foreign rivals such as Royal Dutch Shell and BP to operate in Russia.

Lukoil. Russia'.s second-biggest oil producer. has increased output by 29.000 bpd.

Sechin said last month he was satisfied with oil prices rising to $70-$80 per barrel.

CNPC has now a 30 percent stake. while Iranian company PetroPars holds the remaining 19.9 percent.