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NK Rosneft' PAO (ROSNq.L)

ROSNq.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Rosneft, Beijing Enterprises agree Verkhnechonsk deal terms
Saturday, 25 Jun 2016 

Rosneft says: Rosneft and Beijing Enterprises Group Company Limited [BEGRP.UL] sign agreement on key terms of cooperation. . The companies have agreed the key terms of a potential deal to sell a 20 percent stake in Verkhnechonskneftegaz, a subsidiary of Rosneft, to a unit of Beijing Gas Group. . The sides aim to sign binding agreements not later than Q4 2016. Further company coverage: [ROSN.MM] (Reporting by Moscow Newsroom) ((maria.kiselyova@thomsonreuters.com)).  Full Article

Fincantieri and Rosneft will collaborate for a new ship
Friday, 17 Jun 2016 

Fincantieri SpA : Fincantieri and Rosneft will collaborate for a new ship . Joint venture with Rosneft focused on design and engineering of new type of vessel to be built at Zvezda shipbuilding complex .The parties will also explore the possible development of those professional competences required to support the shipbuilding phase of the above mentioned project.  Full Article

ONGC says unit ONGC Videsh acquires 15 pct interest in Vankor field in east Siberia
Tuesday, 31 May 2016 

Oil and Natural Gas Corporation Ltd : ONGC Videsh acquires 15% interest in vankor field located in east Siberia of the Russian federation . Rosneft continues to hold remaining 85 percent shares of JSC Vankorneft . With 15 percent, ONGC Videsh's share of daily Oil production would be 66,000 bopd .  Full Article

Keppel Corp to establish JV with Rosneft and MHWirth for design of offshore drilling units
Thursday, 19 May 2016 

Keppel Corporation Ltd : Joint venture with Rosneft and Mhwirth to establish design and engineering centre) . Shareholding of Keppel, Rosneft and Mhwirth in the JVCO will be 45%, 45% and 10% respectively . Transaction will not have any material impact on EPS of KCL for the financial year ending 31 December 2016 . Keppel corp- unit of Keppel Offshore & Marine enters shareholders agreement with Rn-Foreign Projects Ltd Liability and Mh Wirth Singapore Engineering Management . Jvco will establish a wholly-owned design and engineering centre in the Russian federation .  Full Article

Moody's confirms NK Rosneft' OAO corporate family rating, gives negative outlook
Tuesday, 26 Apr 2016 

NK Rosneft' OAO:Says Moody's confirms NK Rosneft' OAO corporate family rating at Ba1, gives negative outlook.  Full Article

NK Rosneft' OAO plans to keep gas production level in 2016 - Reuters
Thursday, 31 Mar 2016 

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 confirms its interest to Enter Essar Oil Limited share capital
Wednesday, 16 Mar 2016 

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 to form consortium based on Vankor
Wednesday, 16 Mar 2016 

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 reports large oil spill on Sakhalin island - Reuters
Thursday, 3 Mar 2016 

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 

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


Government 'to do its best' to privatize Rosneft in 2016: Russian Economy Minister

SHCHETINKA, Russia Russia's government should do its best to privatize a stake in the nation's largest oil producer Rosneft this year, Russian Economy Minister Alexei Ulyukayev said on Monday.