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NK Rosneft' PAO (ROSN.MM)

ROSN.MM on Moscow Interbank Currency Exchange

316.70RUB
21 Sep 2017
Change (% chg)

руб0.00 (+0.00%)
Prev Close
руб316.70
Open
руб316.65
Day's High
руб318.00
Day's Low
руб314.30
Volume
2,388,990
Avg. Vol
4,368,244
52-wk High
руб425.70
52-wk Low
руб291.00

Latest Key Developments (Source: Significant Developments)

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

Glencore says CEO Ivan Glasenberg named as Rosneft's non-executive director
Friday, 23 Jun 2017 07:07am EDT 

June 23 (Reuters) - Glencore Plc ::Ivan Glasenberg, a director of company, has been appointed as a non-executive director of Rosneft Oil Company PJSC.  Full Article

Qatar Investment Authority responds to WSJ article on Russia buying back Rosneft shares
Wednesday, 7 Jun 2017 02:02pm EDT 

June 7 (Reuters) - Qatar Investment Authority::Qatar Investment Authority responds to Wall Street Journal article on Russia buying back Rosneft shares.Qatar Investment Authority says "Glencore and QIA informed WSJ that allegation of a buy back arrangement was untrue".Qatar Investment Authority says under contractual arrangements, there is no right of Rosneft or Russian government to buy back Rosneft shares.  Full Article

Russia's Rosneft says starts oil test output in Venezuela on PetroVictoria JV
Wednesday, 7 Jun 2017 10:16am EDT 

June 7 (Reuters) - Russia's Rosneft says::Says starts test oil production in Venezuela with PDVSA on PetroVictoria joint venture.Initial rate of flow at a well CHV-02 stands at 427 barrels per day, to rise to planned level of 800 barrels per day.Development programme foresees production of up to 400,000 barrels per day, or around 25 million tonnes per year.  Full Article

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Russia's clean fuel exports to rise with refinery upgrades: Rosneft

BRUSSELS Russia's exports of clean fuels such as diesel, gasoline and jet fuel will rise substantially in the coming years as more of its refineries upgrade production, a Rosneft executive told the Platts refining summit in Brussels.