Contents tagged with Rosneft

  • Chlorine-contaminated oil found in Russian oil pipeline again

    The 2019 scandal, when Russia supplied chlorine-contaminated oil to Europe, is repeating itself again.

    On Monday, June 28, Russian oil giant Transneft reported the discovery of 350,000 tons of substandard oil in one of the tanks of the Mukhanovo Oil Pumping Station in the Samara region.

    As two years ago, the oil contains chloride compounds, which are used in drilling, washing of oil wells, as well as to increase the life of reservoirs.

    At a permissible rate of 6 ppm (parts per million), the …

  • Former Austrian Foreign Minister who danced with Putin joins Rosneft's board of directors

    Former Austrian Foreign Minister Karin Kneissl will join the board of directors of Russian state-owned oil company Rosneft.

    56-year-old Kneissl, who served as Austria’s Foreign Minister from 2017 till 2019, was nominated to the board as an independent director along with former German Chancellor Gerhard Schroeder, who has held a position in the company for more than three years, TASS reported citing the Russian government’s decree.

    Kneissl, a law doctor and middle East specialist, who spent …

  • 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 …