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

ROSNq.L on London Stock Exchange

2 Sep 2014
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Latest Key Developments (Source: Significant Developments)

NK Rosneft' OAO, Avtovaz OAO expand cooperation
Thursday, 28 Aug 2014 

NK Rosneft' OAO:Says that Rosneft and AVTOVAZ signed an agreement of development of strategic cooperation, which expands the scale of partnership between the companies.Among other things the document envisages the development, testing and introduction of lubricant materials and other Rosneft oil products required by AVTOVAZ businesses.It also envisages the possibility of closing of long-term contracts for the supply of AVTOVAZ production facilities with lubricant materials and oil products.Such a cooperation configuration will allow AVTOVAZ to optimize the purchasing procedures and curtail production expenditures.In its turn Rosneft will receive a guaranteed distribution channel for its products and a possibility to conduct joint R&D in the sphere of the creation and implementation of modern solutions in the sphere of lubricant materials.  Full Article

NK Rosneft' OAO increases equity stake in Vankorneft to 100 pct-AK&M
Friday, 22 Aug 2014 

NK Rosneft' OAO:Rosneft has transferred 100 percent of the shares in CJSC Vankorneft to its balance sheet, Rosneft informed-AK&M.Rosneft established full control over Vankorneft on Aug. 18.Earlier, the company directly owned 93.96 percent of Vankorneft shares.  Full Article

NK Rosneft' OAO, Seadrill Ltd and North Atlantic Drilling Ltd sign exchange of assets agreement
Friday, 22 Aug 2014 

NK Rosneft' OAO:Says that Rosneft, Seadrill Ltd and North Atlantic Drilling Ltd (NADL) signed a framework agreement that envisages long-term cooperation in the sphere of oilfield development projects.The document foresees the acquisition by Rosneft of NADL shares through an exchange of assets and investments in NADL charter capital.Moreover agreement’s options contemplate a possibility for Rosneft to increase its stake in NADL according to the development of the cooperation.The final parameters of the deal, including the amount of Rosneft’s cash contribution in NADL’s charter capital, will be defined upon receiving corporate and accountant’s approvals which is expected till the end of the 2014.Seadrill Ltd currently owns about 70.4 percent of NADL shares.  Full Article

NK Rosneft' OAO secures contracts for delivery of diesel fuel to Mobil'nye GTES OAO-Interfax
Thursday, 21 Aug 2014 

NK Rosneft' OAO:NK Rosneft' OAO has won two procurement contracts for the delivery of 33,000 tons of diesel fuel to Mobil'nye GTES OAO, a unit of FSK EES OAO, of a total value of 1.1 billion Russian rubles, according to Mobil'nye GTES OAO's materials-Interfax.The value of the first contract is 693.5 million rubles, and of the second one 402 million rubles including VAT.The delivery under the first contract is to be completed between Aug. 14 and Sep. 25, while under the second one between Aug. 11 and Sep. 10.  Full Article

NK Rosneft' OAO and Exxon Mobil Corp JV starts drilling in Kara Sea
Monday, 11 Aug 2014 

NK Rosneft' OAO:Says that Rosneft and ExxonMobil joint venture company Karmorneftegaz began drilling of Universitetskaya-1, the Russian Federation's northernmost well using the West Alpha rig.The West Alpha rig was provided by the Norwegian company North Atlantic Drilling which signed long-term agreements with Rosneft on July 30 for the offshore drilling.West Alpha was transported via the Barents, Pechora and Kara Seas and installed on the drilling site of the East Prinovozemelskiy-1 License Area in the Kara Sea.The drilling rig made the way of over 1900 nautical miles to reach its destination.The rig is 30,700 tons in deadweight, 70 m long, 66 m wide, the derrick hangs 108.5 meters over the main deck, and it drafts during drilling for 21.5 m.The rig is held on the drilling site by an 8-anchor positioning system, which provides advanced stability for the rig.Most of the platform is outside the reach of waves, which are no impediment for the rig's operation.The maximum drilling depth of West Alpha is 7 km.The drilling will continue for two months.  Full Article

NK Rosneft' OAO acquires Pritaimyrsky hydrocarbon section in Laptev Sea, Gazprom OAO Kheisovsky section in Barents Sea-Interfax
Thursday, 7 Aug 2014 

NK Rosneft' OAO:The Russian government has provided two strategic offshore hydrocarbon sections to Rosneft and Gazprom on a no-bid basis-Interfax.Gazprom has received the license to explore and produce hydrocarbons at the Kheisovsky section in the Barents Sea for a one-time payment of 1.071 billion rubles and Rosneft has received the license to Pritaimyrsky section in the Laptev Sea for 398.648 million rubles.Kheisovsky section had a forecast resource (2D) totaling 393.7 million tonnes (geological resource) and 118.1 million tonnes (recoverable) for oil, 2.081 trillion cubic meters for gas and 32.6 million tonnes (geological) and 22.8 million tonnes (recoverable) for gas condensate, as of Jan. 1, 2009.The 20,619-square km Pritaimyrsky section has a 2D resource totaling 348.6 million tonnes (geological resource) and 104.6 million tonnes (recoverable) for oil and 362.8 billion cubic meters for gas, as of Jan. 1, 2009.Gazprom and Rosneft are eligible to receive licenses to strategic offshore deposits because they have experience in offshore projects and are companies in which the state owns over 50 percent of shares.  Full Article

NK Rosneft' OAO says acquisition of OFS from Weatherford Closed
Friday, 1 Aug 2014 

NK Rosneft' OAO:Company closes deal for acquisition of Oil Field Services from Weatherford International.Acquisition of land drilling and workover assets of Weatherford in Russia and Venezuela.Says realization of agreement signed in July 2014 by Rosneft and Weatherford International plc.Rosneft acquires 8 companies (part of the Weatherford group) involved in drilling operations in Russia and Venezuela.  Full Article

NK Rosneft' OAO announces statement regarding being entered on OFAC sectoral sanctions list
Friday, 18 Jul 2014 

NK Rosneft' OAO:Sees Rosneft being included in the OFAC sectoral sanctions list as illegitimate and groundless.Says that it will continue to work on the existing projects and agreements.  Full Article

U.S. Treasury Department imposes sanctions on NK Rosneft' OAO, Novatek OAO and Gazprombank OAO
Wednesday, 16 Jul 2014 

NK Rosneft' OAO:U.S. Department of the Treasury says that it has imposed sanctions that prohibit U.S. persons from providing new financing to two Russian financial institutions, Gazprombank OAO and VEB, and two Russian energy firms, Novatek OAO and NK Rosneft' OAO, limiting their access to U.S. capital markets.U.S. Department of the Treasury says the sanctions are imposed on entities within the financial services and energy sectors of Russia, against arms or related materiel entities, and those undermining Ukraine's sovereignty.  Full Article

NK Rosneft' OAO expands cooperation with airlines of China
Wednesday, 16 Jul 2014 

NK Rosneft' OAO:Says that RN-Aero, Rosneft subsidiary, and Hainan Airlines, private airline of China, for the first time have sealed a contract on fuel supplies.In July RN-Aero started fuelling Hainan Airlines planes in Russian airport Sheremetyevo.The monthly volume of refueling for Hainan Company in Sheremetyevo airport will make up to 1,200 tons.  Full Article


Ukraine rebels say they are poised to recapture Donetsk airport

BRUSSELS/DONETSK Ukraine - EU officials proposed sanctions on Tuesday to starve Russian firms of cash as punishment for Moscow's role in Ukraine, where rebels said they were storming Donetsk airport, potentially their biggest prize since turning the war's tide last week. | Video

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