Tag Archives: Rosneft

Russian oil firm Rosneft has agreed to acquire a 37.5% stake in German refinery PCK Schwedt from Shell. The firm has exercised an option to buy the stake, increasing its shareholding in the refinery to 91.67%. The remaining 8.33% interest in the refinery is held by Eni. The transaction is …

Rosneft CEO Igor Sechin warned Nov. 12 of a potential super-cycle in oil and gas markets amid fears of a continued rapid growth in demand outpacing supplies. The warning comes as pressure mounts on the need to ease surging energy prices, with oil hovering near three-year highs and volatility in …

Russian state oil major Rosneft is developing a new strategy centred on the transition to renewable energy resources. The move was announced by CEO Igor Sechin at the Eurasian Economic Forum in Verona, Vedomosti reports. “We are currently developing a new company strategy, with the central priority of adapting to …

Rosneft and the Ministry of Economy, Trade and Industry of Japan (METI) have signed a Memorandum of Cooperation on carbon management. The document is signed to continue the cooperation between the Company and METI and provides for the development of the parties’ interaction to implement lower-carbon projects with the participation …

Russian Energy Ministry is reportedly preparing a report on the possibility of natural gas export via the new Nord Stream 2 pipeline by Rosneft to Europe. The report is due to be completed in the coming days, Russian news agency Interfax reported citing Russian Deputy Prime Minister Alexander Novak. Following …

State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom acting as an export agent, Russian newspaper Kommersant reports, citing a letter which Rosneft’s boss has sent to Putin. Gazprom is the sole exporter of natural …

The Russian oil producer Rosneft denied statements about the company’s operations made in the book Putin’s People released last spring, counsel Desmond Browne said during a hearing in the High Court of London. UK mass media reported earlier that Rosneft had filed a lawsuit against HarperCollins, the publisher of the …

Russian oil giant Rosneft PJSC warned of an impending shortfall in supply as global producers increasingly channel funds into a “hasty” energy transition. “The world risks a severe deficit of oil and gas,” Rosneft Chief Executive Officer Igor Sechin said Saturday at the St. Petersburg International Economic Forum. “The world …

Russian energy giant Rosneft on Friday reported an almost 80% fall in 2020 net income as the pandemic hit demand for fuel. Rosneft, in which BP owns a 19.75% stake, said its net income fell to 147 billion roubles, or $2.2 billion.

Russian and UK oil giants signed a strategic collaboration agreement on carbon management and sustainability activities. Rosneft and BP will also jointly evaluate new projects envisaging the use of renewables, opportunities for carbon capture, utilisation and storage, as well as developments for hydrogen. Rosneft CEO Igor Sechin said:‎ • Joint …