LONDON: Rosneft Oil Company and Equinor have completed a deal as result of which the Norwegian company acquired a 49% stake in Krasgeonats LLC. Krasgeonats holds 12 exploration and production licenses for areas with conventional resources located in Eastern Syberia. Among them: Danilovsky (with North-Danilovskoye field), Preobrazhensky, Verkhneichersky, Mogdinsky, East-Sugdinsky, Sanarsky and several other license…
LONDON: Rosneft Oil Company’s Board of Directors approved the sale of 10% in the charter capital of Vostok Oil LLC to Trafigura PTE LTD. At a meeting, Rosneft’s Board of Directors also reviewed the progress of the Vostok Oil project. The proven resource base of the Project for liquid hydrocarbons is 6 billion tonnes (44…
LONDON: On May 21, 2020 the Board of Directors of Rosneft Oil Company appointed Igor Sechin CEO of the Company for the term of five years starting May 24, 2020. Rosneft Oil Company is a Russian integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, extraction, production, refinement, transport, and sale of petroleum,…
MOSCOW: Rosneft Oil Company announced the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela. Today Rosneft concluded an agreement with the company 100% owned by the Government of Russian Federation, to sell all of its interest and cease participation in its Venezuelan businesses, including joint ventures…