Contents tagged with Rosneft

  • EU Court of Justice upholds sanctions on Russian oil giant Rosneft

    The Court of Justice of the European Union in Luxembourg rejected the appeal and upheld the sanctions against Rosneft for violating Ukraine's territorial integrity.

    "The Court of Justice upholds the judgment of the General Court dismissing an action brought against the restrictive measures imposed on Russian oil companies that are members of the Rosneft group in the context of the Ukraine crisis. By its judgment today, the Court of Justice dismisses the companies’ appeal in its entirety," the …

  • Putin’s daughter and Russian oil giant Rosneft to lead Russia’s genetic research

    Rosneft and pediatric endocrinologist Maria Vorontsova, who is believed to Vladimir Putin's eldest daughter, will lead the "accelerated development" of genetic technologies in Russia, and will spend up to $1 billion for this purpose, reports BBC.

    According to the publication, in early March, Russian Deputy Prime Minister Tatyana Golikova and the head of the oil company Rosneft Igor Sechin signed a cooperation agreement for "accelerated development of Russian genetic technologies" and " …

  • Russia establishes a new oil company on the day of Rosneft's departure from Venezuela

    On March 28, when it became known that Russian oil giant Rosneft was terminating its operations in Venezuela, Russia’s Federal Agency for State Property Management, Rosimushchestvo, has established a new company, Roszarubezhneft, which will, in particular, be engaged in the production and transportation of oil and oil associated gas.

    Interfax reports with reference to Russian Single Register of Legal Entities that the company's share capital is 322.7 billion rubles ($4.05 billion USD). It is …

  • Rosneft expects that the U.S. sanctions will be lifted after sale of all its assets in Venezuela

    Rosneft has the right to expect that the US will fulfill its promises and lift the sanctions against Rosneft's subsidiaries after the sale of all assets in Venezuela, said Rosneft’s spokesman Mikhail Leontiev as quoted by the news outlet Prime.

    Earlier, Rosneft announced that it is terminating all its operations in Venezuela and selling all its assets to the company wholly owned by the Russian government. In exchange, the Russian government transferred to Rosneft 9.6% of its own shares.

    "We, …

  • Kremlin takes ownership of all Rosneft’s assets in Venezuela

    Russian oil giant Rosneft announced that it is terminating operations in Venezuela and will be selling its assets in that country.

    "Today, Rosneft entered into an agreement with a company 100% owned by the Government of the Russian Federation to sell shares and cease its participation in all projects in Venezuela, including shares in Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria, in oil field services and trading operations," Rosneft said in a statement published on its …

  • Russia resumes oil supplies to Belarus

    Russian oil giant Rosneft announced that it is resuming oil supplies to Belarus on the terms initially requested by Minsk, that is with a premium of $5 per ton, reported the news agency Interfax with reference to the representatives of the company.

    "The company confirms that the decision to resume deliveries to Belarus was made on the terms that we initially offered to the Belarusian side, that is, with a premium of $5 per ton," the representative of the Russian company said.

    Belarus has been …

  • US imposes sanctions on Swiss subsidiary of Russian oil giant Rosneft

    The US has imposed sanctions on Rosneft Trading, a Swiss subsidiary of the Russian oil company Rosneft, for trading oil with Venezuela, the US Office of Foreign Assets Control (OFAC) announced on Tuesday.

    As of Tuesday, February 18, Rosneft Trading S.A. will be blacklisted by OFAC, and its assets will be frozen. Furthermore, US citizens and legal entities will be banned from concluding any deals with the company itself or any organization of which it owns more than 50%.

    Personal sanctions are …

  • US preparing new sanctions against Russian oil giant Rosneft

    The US could soon impose additional sanctions on the Russian energy company Rosneft due to its continued support of the Nicolas Maduro regime in Venezuela. According to the TASS news agency, this was mentioned at a press conference on Wednesday by a high-ranking member of the Donald Trump administration.

    According to him, the administration is considering the possibility of including new sanctions against Russia’s largest oil company in its package of “paralyzing” measures against the …

  • Russia offers China one of Siberia’s largest oil fields

    Russian oil giant Rosneft and NefteGazHolding, a company belonging to Igor Sechin’s associate Eduard Khudainatov, are preparing to sell Asian investors a large share in oil fields in north-eastern Siberia.

    Citing federal officials and sources familiar with the negotiation proceedings, the Vedomosti news agency reported that buyers from China and India will be offered up to 40% of a project to unite four fields in Russia’s Krasnoyar Krai, including the fields that form part of the Vankor …

  • Venezuela offers to give Russian oil giant Rosneft control over PDVSA

    The Venezuelan government is considering handing over complete control of the state-owned oil company Petróleos de Venezuela S.A. (PDVSA) to the Russian oil corporation Rosneft, the Venezuelan newspaper El Nacional reported, citing sources in the country’s energy sector.

    According to the news outlet, the Venezuelan government proposed this initiative in exchange for writing off the country’s debt to Russia. Moscow apparently viewed the initiative positively, because it sent several commissions …