Tag Archives: Rosneft

If India does not import crude from the US. the most likely fallout will be to buy from other OPEC countries.

The loss of Iran could pull millions of barrels off the market at a time when spare capacity is at a premium.

Russia is planning to increase its involvement in developing energy projects in Africa. during the tenth BRICS Summit in Johannesburg.

Rosneft reported a sevenfold increase in its net profit for the first quarter of this year on the back of higher oil prices.

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.

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

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.