Key Developments: NK Rosneft' OAO (ROSNq.L)

ROSNq.L on London Stock Exchange

4.30USD
31 Mar 2015
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Latest Key Developments (Source: Significant Developments)

NK Rosneft' OAO's subsidiary receives claim for bankruptcy
Friday, 20 Mar 2015 

NK Rosneft' OAO:Says Purpetruboprovodstroy ZAO filed claim to the Arbitration Court of Krasnoyarsk Region for bankruptcy of Vankorneft' ZAO, the company's subsidiary.  Full Article

NK Rosneft' OAO management recommends FY 2014 dividends -Reuters
Wednesday, 4 Mar 2015 

NK Rosneft' OAO:Says management recommended its board paying 8.2 roubles per share in 2014 dividends - Reuters.Says plans to spend 87 billion roubles on 2014 dividends - or 25 percent of the profit.  Full Article

Amsterdam court rules in favor of Yukos in lawsuit against NK Rosneft' OAO, Promneftstroy-Interfax
Thursday, 12 Feb 2015 

NK Rosneft' OAO:The district court of Amsterdam ruled in favor of Yukos International UK BV in a lawsuit against Russian Rosneft and Promneftstroy, the court decision states-Interfax.However, the court did not determine the amount of compensation for damages, although it ordered Rosneft to pay court costs.Yukos International was suing Rosneft and Promneftstroy for $333 million, court materials show.Rosneft said that Yukos International had filed a lawsuit in the district court of Amsterdam against Rosneft and other co-defendants not related to the company demanding compensation of losses in the amount of up to $333 million plus legally prescribed interest from Feb. 7, 2011 and expenses.In this litigation, Yukos International claimed damages supposedly caused by an Amsterdam court order in 2008 to freeze a bank account, which Yukos International claimed limited its ability to invest certain funds as it deemed fit, Rosneft said.Rosneft filed a motion against the lawsuit, arguing that the court properly issued the freeze order and that Yukos International did not suffer any losses as a result of the deposit of its funds in an interest-bearing account that it selected, the Russian company said.Rosneft also said that on Jan. 9, 2014 Yukos International changed the claims of its lawsuit by making a claim against Rosneft on the basis of collective liability in order to place the supposed liability of one of the co-defendants on Rosneft.  Full Article

NK Rosneft' OAO completes placement of BO-26, BO-25, BO-23, BO-22, BO-21, BO-20, BO-19 and BO-18 bonds
Monday, 26 Jan 2015 

NK Rosneft' OAO:Completes placement of BO-26, BO-25, BO-23, BO-22, BO-21, BO-20, BO-19 and BO-18 bonds in full at issue price of 1,000 roubles per bond.Bonds placed in open subscription.  Full Article

NK Rosneft' OAO announces placement of rouble bond issues in amount of 400 billion roubles
Monday, 26 Jan 2015 

NK Rosneft' OAO:On Jan. 26 Rosneft announced the placement of rouble bond issues in amount of 400 billion roubles as part of the 800 billion roubles program approved in Dec. 2014.Bond placement is being done for the purpose of financing the company’s projects and production plan.It does not envisage purchase of foreign currencies.Until the implementation of payments to suppliers, contractors and creditors the Company will hold all the ruble funds on ruble accounts and deposits of authorized banks.  Full Article

Moody's downgrades NK Rosneft' OAO issuer rating, places under review for further possible downgrade
Tuesday, 20 Jan 2015 

NK Rosneft' OAO:Moody's Investors Service downgraded Rosneft issuer rating (local currency) to Baa3 from Baa2; placed under review for further possible downgrade.  Full Article

NK Rosneft' OAO acquires 8.01 pct stake in Sakhalinskaya energeticheskaya kompaniya OAO
Monday, 12 Jan 2015 

NK Rosneft' OAO:Acquired 8.01 percent stake in Sakhalinskaya energeticheskaya kompaniya OAO.On Dec. 26, 2014 the company received a right to control a certain number of votes in Sakhalinskaya energeticheskaya kompaniya OAO.  Full Article

NK Rosneft' OAO, Rostec and Finmeccanica SpA agree on production of AW189 helicopters in Russia
Wednesday, 31 Dec 2014 

NK Rosneft' OAO:Says that Rosneft, Rostec Corporation and Italian group Finmeccanica signed trilateral agreement for strategic partnership on Dec. 29.As part of the signed document the parties will establish a Joint Venture (JV) of the Russian Helicopters holding and AgustaWestland (subsidiaries of Rostec and Finmeccanica).The JV will be based on the HeliVert plant situated in the Moscow Region.Rosneft will become a new partner of the Russian-Italian JV.It is planned to launch production of the medium helicopters AW189.Rosneft will form a bid and become the first customer for the AW189 helicopters.By 2025, HeliVert is envisaged to sell and deliver up to 160 helicopters to Rosneft.In compliance with the reached agreements the assembly, supplies, aftersales service and training of AW189 helicopters will be carried out.As part of the project, localization of the AW189 production is planned to be implemented in stages up to 2025.  Full Article

NK Rosneft' OAO and Petrocas create logistics and retail joint venture
Monday, 29 Dec 2014 

NK Rosneft' OAO:Enters into definitive documentation to acquire 49 pct stake in Petrocas Energy International Limited (Petrocas), creating the joint venture (JV) for its activities in the South Caucasus region.Petrocas focuses on oil products Logistics, Trading and Retail.It owns and operates modern technology, Oil Terminal located in port of Poti, Georgia that handles Oil Products and Petrochemicals, its trading activity is concentrated in Caspian and Black Sea Regions and operates retail petroleum station chain in Georgia with 140 Gulf branded stations.  Full Article

NK Rosneft' OAO increases its stake in National Oil Consortium to 80 pct of shares
Tuesday, 23 Dec 2014 

NK Rosneft' OAO:Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20 pct share in the National Oil Consortium LLC (NOC).Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80%, with the remaining 20% owned by Gazprom Neft.  Full Article

UPDATE 1-Rosneft's Vankor oil output may start declining next year

VANKOR OIL FIELD, Russia, March 30 - Oil output at Rosneft's Vankor deposit, a driver of Russia's recent oil production growth, may start declining next year, a top company official said, underlining the challenges of production in far-flung regions.

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