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NK Rosneft' PAO (ROSN.MM)

ROSN.MM on Moscow Interbank Currency Exchange

326.10RUB
17 Oct 2017
Change (% chg)

руб-1.90 (-0.58%)
Prev Close
руб328.00
Open
руб327.85
Day's High
руб328.40
Day's Low
руб325.50
Volume
2,350,090
Avg. Vol
4,032,062
52-wk High
руб425.70
52-wk Low
руб291.00

Latest Key Developments (Source: Significant Developments)

BRIEF- Glencore-QIA consortium to sell 14.16 pct stake in Rosneft Oil Company
Monday, 16 Oct 2017 11:26am EDT 

Repeats to add Rosneft's RIC:‍STAKE IN ROSNEFT HELD BY GLENCORE-QIA CONSORTIUM​.REFERS TO ANNOUNCEMENT THAT CONSORTIUM HAD CONCLUDED AGREEMENT WITH CEFC CHINA ENERGY COMPANY LTD (CEFC) FOR DISPOSAL BY CONSORTIUM OF A 14.16% STAKE IN ROSNEFT​.SAYS ‍CONSORTIUM HAS FINALISED NEGOTIATIONS WITH CEFC AND ELECTED TO PROCEED WITH TRANSACTION​.‍CONSIDERATION FOR DISPOSAL OF 14.16 PCT STAKE AMOUNTS TO: (1) 3,905,850,665 EUROS; PLUS (2) AMOUNT OF EUROS ARISING FROM CONVERSION OF $4,576,094,639 AT A FIVE DAY AVERAGE EXCHANGE RATE AT DATE OF PAYMENT​.  Full Article

Rosneft's Sechin says dividend rise to have insignificant impact on investments
Friday, 29 Sep 2017 06:09am EDT 

Sept 29 (Reuters) - CEO of Russia's Rosneft , Igor Sechin::Dividend increase will have insignificant impact on investments.  Full Article

Russia's Rosneft says dividend rise will not cut investments
Friday, 29 Sep 2017 05:53am EDT 

Sept 29 (Reuters) - Russia's Rosneft ::Rosneft chief executive Igor Sechin says Rosneft aims to pay dividend at least twice a year;.Rosneft chief accountant Dmitry Torba says dividend increase will not have an impact on investments..  Full Article

Glencore divests ‍stake in Rosneft held with QIA to CEFC China Energy
Friday, 8 Sep 2017 08:01am EDT 

Sept 8 (Reuters) - Glencore Plc :‍STAKE IN ROSNEFT HELD BY GLENCORE-QIA CONSORTIUM​.‍CONSORTIUM CONTROLLED BY GLENCORE AND QATAR INVESTMENT AUTHORITY HAS CONCLUDED AN AGREEMENT WITH CEFC CHINA ENERGY COMPANY LIMITED​.‍AGREEMENT REGARDING A TRANSACTION IN TERMS OF WHICH CONSORTIUM WOULD DISPOSE OF A 14.16% STAKE IN ROSNEFT OIL COMPANY (ROSNEFT) TO CEFC​.‍SALE AT A PREMIUM OF APPROXIMATELY 16% TO 30 DAY VOLUME WEIGHTED AVERAGE PRICE OF ROSNEFT SHARES ON 8 SEPTEMBER 2017​.‍TRANSACTION IS CONDITIONAL ON CONSORTIUM ELECTING TO PROCEED FOLLOWING COMPLETION OF FINAL NEGOTIATIONS AND ON ALL REGULATORY APPROVALS​.  Full Article

Russia's Sistema in technical default on 8.9 bln rbls of debt
Monday, 28 Aug 2017 10:56am EDT 

Aug 28 (Reuters) - Russia's Sistema says::On 28 August 2017 a technical default occurred on credit obligations of the corporation amounting to the equivalent of 8.9 billion roubles ($152.01 million).."Sistema stresses that the non-compliance with certain conditions of some of its credit facilities that triggered the technical default is driven exclusively by the arrest of (its) assets and is purely formal in nature.".  Full Article

India's Essar Group CEO says proceeds from Essar Oil sale will be used to reduce group debt
Monday, 21 Aug 2017 02:51am EDT 

Aug 21 (Reuters) - India's Essar Group CEO Prashant Ruia says::Proceeds from Essar oil sale deal will be used to substantially reduce group debt.700 billion rupees will be restructured through this deal.Revenues of Essar Oil after the deal will be $15 billion annually.Operating co level debt comes down by 350 billion rupees and rest goes to reducing debt of holding co.Will soon announce per share deal and will return money to shareholders if it is in excess to delisting price.Around $3.5 billion will come to India through this deal.Rosneft will continue to use Essar brand for Essar oil retail .Majority of VTB Capital debt will be paid.Dues owed to Iran will be a part of Essar Oil and will not go to Rosneft.Repayment to be done to Indian lenders will be 10 percent of total amount owed by the company.Will be investing $250 million in Stanlow refinery in U.K..  Full Article

ICICI Bank says Essar-Rosneft deal lowers bank's exposure to Essar Group by 50 pct‍​
Monday, 21 Aug 2017 02:41am EDT 

Aug 21 (Reuters) - ICICI Bank Ltd ::CEO says Essar-Rosneft deal reduces ICICI Bank's exposure to the Essar Group by about 50 pct‍​.  Full Article

Russia's Rosneft says shareholders to consider H1 dividend payment
Monday, 31 Jul 2017 07:25am EDT 

July 31 (Reuters) - Russia's oil giant Rosneft said on Monday::Its shareholders will consider a dividend payment for the first half of this year during an extraordinary general meeting; .The meeting will be held in St Petersburg on September 29;.Rosneft did not disclose its recommendation for the possible payment in the statement..  Full Article

Exxon Mobil to challenge finding by OFAC that it violated U.S. sanctions against Russia in 2014​
Thursday, 20 Jul 2017 02:53pm EDT 

July 20 (Reuters) - Exxon Mobil Corp ::Says ‍launched legal challenge to finding by treasury department's office of foreign assets control that it violated U.S. sanctions against Russia in 2014​.Says ‍OFAC alleges co violated sanctions when it signed some documents in may 2014 countersigned on behalf of Rosneft by Igor Sechin acting as Rosneft executive​.Says ‍at time of signing documents, ongoing oil and gas activities in Russia with Rosneft​ were not under any direct sanction by U.S. government.  Full Article

Russia's Sistema said to be in talks to sell asset amid Rosneft dispute - FT
Thursday, 29 Jun 2017 10:37am EDT 

June 29 (Reuters) - :Russia's Sistema said to be in talks to sell asset amid Rosneft dispute - FT, citing TASS news agency.  Full Article

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Oil prices flat; weak U.S. demand offsets Mideast tensions

NEW YORK Oil prices were flat on Friday in see-saw trade, under pressure from weak U.S. demand but drawing support from a sharp decline in Iraqi crude exports due to tensions in the Kurdistan region.