News
- 19 December 2011
- Rosneft Obtains Five New Blocks in Okhotsk Sea
By order of the government of the Russian Federation Oil Company Rosneft has been granted five blocks on the Sea of Okhotsk shelf for geological surveying, exploration and development. The five blocks are Magadan-1, 2 and 3, Lisyansky and Kashevarovsky. According to Rosneft estimates, total recoverable resources at these deposits stand at over 1.1 billion tonnes of liquid hydrocarbons and 2 trillion cubic metres of gas, including 850 million tonnes of oil and 1.789 trillion cubic metres of gas at the Magadan-1, 2 and 3 blocks.
- 12 December 2011
- Rosneft New Leader on the Far East Bunker Market
OJSC Rosneft and Sakhalin Energy have signed a long-term agreement under which Rosneft will supply bunker fuel through its terminal at the Russian port of Nakhodka to the operator of the Sakhalin-2 project. Before the Rosneft agreement was signed, Sakhalin Energy's oil tankers and LNG carriers could only use bunkering at ports in Korea, Singapore and Hong Kong. The Sakhalin Island was the first tanker to use bunkering as part of the agreement.
- 26 October 2011 17:24
- Rosneft announces Q3 2011 results: Rosneft EBITDA reaches USD 5.3 billion in Q3 2011, oil production increases by 2.9% and reaches 2.4 million barrels per day, strategic steps taken
Rosneft’s EBITDA amounted to USD 5,283 million in Q3 2011, which is an increase of 13.9% year-on-year. An increase in the tax burden, particularly due to annulment of a reduced export duty for Vankor crude and the end of Vankor MET holidays, put downward pressure on the figure. The increase was also tempered by higher transportation and electricity tariffs year-on-year.
- 26 October 2011
- Laurence Bates Appointed Business Development Advisor to the President of Rosneft
Laurence Bates, who previously served as vice president and project director in the Russian shelf division at BP, has been appointed vice president and business development advisor to the president of Rosneft.
- 29 September 2011
- Rosneft secures loan for production operations through subsidiary
LLC Neftepromleasing, leasing subsidiary of OJSC Rosneft Oil Company, signed USD 500 million term loan facility with Nordea acting as arranger and agent and Sumitomo Mitsui Banking Corporation Europe Limited as arranger. The facility is structured as a 5-year term loan facility guaranteed by Rosneft.
- 16 September 2011
- Rosneft and Sevmorneftegeofizika sign agreement to explore Tuapse Trough
Rosneft CEO Eduard Khudaynatov and Sevmorneftegeofizika CEO Konstantin Dolgunov in a ceremony attended by the Russian Prime Minister Vladimir Putin signed an agreement to conduct seismic exploration in the Black Sea. The document providing for 3D seismic exploration of the Tuapse license block to be carried out by Sevmorneftegeofizika was signed as part of the Sochi Investment Forum.
- 08 August 2011
- Cumulative oil output at the Vankor field hits 25 million tons
On the sixth of August, Rosneft reached a cumulative output of 25 million tons of oil at its Vankor field.
- 29 July 2011 16:54
- Rosneft’s EBITDA reaches USD 12 bln in 1H11, production increases by 2.7% and reaches 2,400 th.barrels per day in July
On July 29, 2011 Rosneft (the “Company”) published its consolidated financial results under US GAAP for Q2 and 1H 2011.
- 13 June 2011 16:37
- Rosneft Holds Annual General Meeting of Shareholders
The Annual General Meeting of Shareholders of Rosneft was held on June 10, 2011 in Krasnodar. Holders of 97.39% of Rosneft shares registered to participate in the meeting. The meeting approved the Annual Report, the Accounting Statements and the distribution of net profit of Rosneft for 2010.
- 28 April 2011 16:29
- Rosneft Posts 50% Growth of EBITDA and Generates USD 3.3 bln of Free Cash Flow
On April 28, 2011 Rosneft (the “Company”) published its consolidated financial results under US GAAP for Q1 2011.