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NK Rosneft' PAO (ROSN.MM)

ROSN.MM on Moscow Interbank Currency Exchange

338.50RUB
1 Dec 2016
Change (% chg)

руб-1.70 (-0.50%)
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Latest Key Developments (Source: Significant Developments)

NK Rosneft' OAO plans to keep gas production level in 2016 - Reuters
Thursday, 31 Mar 2016 09:07am EDT 

NK Rosneft' OAO:Plans to produce 64.8 bcm of gas in 2016, contracts 67.8 bcm for this year - Reuters.Expects significant increase of supply to China.  Full Article

NK Rosneft' OAO to form consortium based on Vankor
Tuesday, 15 Mar 2016 08:00pm EDT 

NK Rosneft' OAO:Rosneft, Oil India, Indian Oil and Bharat Petroresources signed a heads of agreement in respect to the acquisition by a group of Indian investors of a 23.9 pct share in Vankroneft.Rosneft also signed with ONGC Videsh Limited a memorandum of understanding for cooperation in respect of the Vankor project, envisaging the prospective increase to 26 pct of the share of the Indian company in Vankroneft.Earlier the companies signed the agreement of sale and purchase of 15 pct in Vankorneft and shareholders agreement in regard of the joint enterprise management.The closing of the sale and purchase deal is expected in the short term.Says Rosneft will maintain its majority share in Vankor project.  Full Article

NK Rosneft' OAO confirms its interest to Enter Essar Oil Limited share capital
Tuesday, 15 Mar 2016 08:00pm EDT 

NK Rosneft' OAO:Says during the visit to India Rosneft Chairman of the Management Board Igor Sechin has held negotiations with the Management of Essar.Preliminary mutual understanding has been achieved on the timing and structure of a deal to buy into the equity of Essar Oil Limited.The parties intend to sign and close the transaction by the end of June 2016 upon obtaining all necessary permits.In addition an agreement on crude oil deliveries to commence this year has also been achieved.  Full Article

NK Rosneft' OAO reports large oil spill on Sakhalin island - Reuters
Wednesday, 2 Mar 2016 07:33pm EST 

NK Rosneft' OAO:Rosneft said on Thursday that around 15 tonnes (110 barrels) of oil spilled off from an idled pipeline on the Pacific island of Sakhalin, while local ecologists say the scale of disaster is far larger - RTRS.Rosneft said the spill occurred on Wednesday at the Ekhabi oilfield in northern Sakhalin. The company decided to burn the spilled oil to "minimise ecological damage".Dmitry Lisitsin, an activist at a local ecological watchdog in Sakhalin, estimated the size of the spill at about 300 tonnes. "They started to burn the spilled oil, people see massive plumes of black smoke," he said by phone from Sakhalin."This is a large spill, and the problem is of a systemic nature," said Vladimir Chuprov from Greenpeace."Unless oil companies start paying in full, they don't have the motivation to prevent spills," he said, adding that total fines for oil spills in Russia amount to only 10 billion roubles ($135.2 million) annually.Ecological watchdog Rosprirodnadzor has evaluated the damage from another spill at a Rosneft subsidiary in June in Western Siberia at 270 million roubles, business daily Vedomosti reported. Rosneft estimated the size of that spill at 0.5 tonnes.  Full Article

NK Rosneft' OAO increases stake in Petromonagas JV with PDVSA
Monday, 22 Feb 2016 12:00am EST 

NK Rosneft' OAO:Rosneft and PDVSA signed key terms for the acquisition of 23.33 pct of the share capital in Petromonagas joint venture, producing extra heavy oil in Venezuela.The document reflects indicative terms and conditions in relation to the equity acquisition.Currently Rosneft owns 16.67 pct in this joint venture, after the transaction is completed Rosneft will increase its stake to 40 pct of JV and PDVSA participation will be reduced to 60 pct.  Full Article

NK Rosneft' OAOsays to get up to 37.3 billion rouble credit from Gazprombank-Reuters
Tuesday, 16 Feb 2016 12:23am EST 

NK Rosneft' OAO:Russia's Gazprombank will open a credit line for up to 37.3 billion roubles for the country's top oil producer Rosneft, the energy firm said-Reuters.The loan may be issued for a period not longer than 6 years, Rosneft said.  Full Article

NK Rosneft' OAO - Kuibyshev oil refinery reports fire, output as planned - Reuters
Sunday, 31 Jan 2016 05:51pm EST 

NK Rosneft' OAO:Russia's Kuibyshev oil refinery, controlled by Rosneft ROSN.MM, said a catalytic cracking unit caught fire on Sunday, while the incident did not affect oil product output plans. -RTRS.It said the fire had been put out and no one was hurt. Last year, the refinery located in the Volga region, processed 6.146 million tonnes (123,000 barrels per day) of crude oil. - RTRS.  Full Article

NK Rosneft' OAO and Alltech finalize creation of JV for gas business development in Nenets Autonomous District
Thursday, 24 Dec 2015 07:00pm EST 

NK Rosneft' OAO:A company of the Rosneft group and a company of the Alltech group finalized the creation of a joint venture (JV) for the scope of gas production and marketing projects’ development in the Nenets Autonomous District.Mineral licenses for the Kumzhinskoye and Korovinskoye fields as well as funds for the development of the project were affiliated to the JV.Rosneft obtained a majority stake in the JV.The finalization of the creation of the JV was executed within the framework of the implementation of the updated commercial parameters for cooperation, signed between the parties within SPIEF-2015.The JV will form the basis of the creation of a new high-technology gas production center in the Nenets Autonomous District, within which the implementation of different upstream, refining, marketing and supply to end customers’ projects are planned.The development of the project represents a key element of Rosneft gas strategy.  Full Article

Oil and Natural Gas Corporation Ltd in talks to up stake in NK Rosneft' OAO's Vankor oilfield-Reuters
Thursday, 24 Dec 2015 09:18am EST 

NK Rosneft' OAO:India's Oil and Natural Gas Corporation Ltd (ONGC) is in talks to increase its stake in Vankor oilfield owned by Russia's top oil producer Rosneft, official documents showed on Dec. 24-Reuters.The documents, signed during Indian Prime Minister Narendra Modi's visit to Moscow, also call for cooperation between Russian and Indian companies in offshore and onshore exploration and production of hydrocarbons in Russia.  Full Article

NK Rosneft' OAO agrees with Eni, Shell on Urals supplies to Germany via Druzhba in 2016-Reuters
Thursday, 24 Dec 2015 08:34am EST 

NK Rosneft' OAO:Rosneft agreed on main terms of contracts for Urals supplies to Germany via Druzhba pipeline in 2016 with Shell and Eni, traders said-Reuters.The contracts are to be signed shortly, they said.Under the contract Eni will receive about 80.000 tonnes per month and Shell - about 210.000-240.000 monthly in 2016."The prices and the volumes are quite the same compared to 2015", - says one of the traders.Shell and Eni were buying crude from Rosneft via Druzhba pipeline in 2015 at a discount around $0.70 a barrel to a price formula on DAF Adamova Zastava.According to the traders, Rosneft hasn't finished the negotiations with its biggest buyer in Germany - France's Total.The companies are still in talks on price formula of the contract.  Full Article

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Russia's Lukoil co-owner won't rule out stake sale to Rosneft: RBC

MOSCOW Leonid Fedun, a major shareholder and vice president at Russia's No.2 oil producer Lukoil , has not ruled out selling his stake to Kremlin-controlled Rosneft , RBC newspaper reported on Saturday.