Russia, Belarus said to be close on resolution over gas prices
Russia and Belarus are said to be close to solving a dispute over gas prices.
Russia and Belarus are said to be close to solving a dispute over gas prices.
Rosneft has been called upon to submit proposals to the Russian government by December 1st on how it thinks privatisation should be conducted.
The Russian budget will receive proceeds from a sale of a state stake in the country's largest oil producer by the end of the year.
Russia opened a criminal case against Economy Minister Alexei Ulyukayev, the highest-profile official to be detained under President Vladimir Putin, for allegedly receiving a $2 million bribe to approve a privatization sale last month.
Rosneft PJSC said third-quarter profit dropped 77 percent as a decline in export duties lagged behind slumping prices.
The Russian Government has set out a minimum price for the sale of a 19.5% stake in oil giant Rosneft.
Russian energy major Rosneft has sold a 20% stake in one of its subsidiaries to a Chinese gas firm for $1.1billion.
Russia's government wants to sell a stake in oil giant Rosneft to "real investors" but may force the firm to buy its own shares to prop up the country's budget.
Two years ago, the Kremlin’s oil flagship was foundering, hit by falling prices and international sanctions just as it faced $20 billion in debt payments.
Rosneft’s boss said today the firm would obey the Kremlin if Russia’s leaders agree to freeze oil production, a news report said.
Rosneft has forked out $12.9billion to secure its opening into the "high opportunity" Indian market.
For the billionaire Ruia brothers, who sold their stake in India’s second-largest refinery to Rosneft PJSC and a group led by Trafigura for about $13 billion, the biggest surprise was the number of suitors for the oil processor.
Igor Sechin, a long-time ally of Russian President Vladimir Putin, won an internal Kremlin struggle to buy the government’s share in a regional oil producer, allowing his company, Rosneft, to continue expanding.
Essar Group, controlled by India’s billionaire Ruia brothers, is nearing a final agreement to sell control of its refinery unit to Russian energy giant Rosneft PJSC and commodities trader Trafigura Group Pte, people with knowledge of the matter said.
Rosneft said it is considering buying its own shares from the Rosneftegaz state holding company.
Rosneft has signed deals with BP and Schlumberger for collaboration on seismic research and development.
Vladimir Putin said Russia is pushing ahead with plans to sell a fifth of Rosneft PJSC, the country’s largest listed oil producer, as the government seeks to cut its budget deficit.
Rosneft PJSC chief Igor Sechin has come up with a proposal to expand his energy empire while helping critics in the Russian government meet their goal of reducing the widest budget deficit in six years.
Russia is delaying what would have been its biggest asset sale in a decade after plans were upended by renewed weakness in global oil markets and as two of the nation’s biggest crude producers expressed interest in the offering of shares in Bashneft.
Rosneft PJSC’s second-quarter profit decreased about 34 percent, coming in better than analysts estimated, even as a recovery in oil prices sputtered out at below last year’s price levels.
Russian state oil company Rosneft set a new daily development drilling record in the first half of this year while its partners in Vietnam discovered a new gas condensate field.
At an oil price of $40 or below, Russian President Vladimir Putin introduced a flat income tax, built a sovereign wealth fund and delivered speeches to the Bundestag in German.
Rosneft has said it may consider taking part in the privatisation of its smaller rival Bashneft.
Flanked by Russian President Vladmir Putin and Chinese President Xi Jinping, the leaders of Rosneft and Beijing Enterprises signed a heads of agreement to work together on a number of projects.
Russia’s Rosneft PJSC could be worth as much as $130 billion, Chief Executive Officer Igor Sechin said as President Vladimir Putin is reported to consider selling a stake in the state oil giant to China and India.