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

ROSNq.L on London Stock Exchange

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31 Jul 2015
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Latest Key Developments (Source: Significant Developments)

NK Rosneft' OAO to get 30% stake in helicopter JV with Finmeccanica, Rostec
Monday, 20 Jul 2015 

NK Rosneft' OAO:Says will receive a 30 pct stake in a helicopter joint venture with Finmeccanica S.p.A. and the Rostec corporation.The companies signed an agreement to reorganize the Helivert joint venture between Helivert, owned by Finmeccanica subsidiary AgustaWestland S.p.A., and Rostec's subsidiary Vertolety Rossii.The changes will give Rosneft a stake in the joint venture and the stakes held by other partners will change. AgustaWestland will own 40% (currently owns 50%), Vertolety Rossii -30% (50%) and Rosneft - 30%.Additionally, Rosneft and AgustaWestland signed an agreement for the delivery of 10 AW189 helicopters to the Russian company before the year 2017. The first deliveries are planned for 2015.  Full Article

CORRECTION OFFICIAL - NK Rosneft' OAO to buy 49 pct in Essar Oil Ltd's Vadinar refinery and supply 100 mln tonnes of oil
Wednesday, 8 Jul 2015 

CORRECTED TO READ 4 and 5 bullet points replaced with ... From this base the parties intent to further develop both refining and marketing businesses in India.NK Rosneft' OAO:Rosneft Chairman of the Management Board Igor Sechin and Essar Group Founder Shashi Ruia signed a long-term contract for oil supplies for the purpose of refining at the Vadinar refinery (India).The contract envisages total supplies of 100 million tonnes of crude oil over a period of 10 years.Moreover, Rosneft and Essar shareholders signed a term sheet with regard to Rosneft participation in the Vadinar refinery equity capital with a share of up to 49 pct.The deal also includes a retail chain of 1,600 stations located in India.From this base the parties intent to further develop both refining and marketing businesses in India.  Full Article

NK Rosneft' OAO agrees preliminary Egypt LNG supply deal
Tuesday, 7 Jul 2015 

NK Rosneft' OAO:Says has agreed a preliminary deal to sell an unspecified amount of LNG to Egyptian state-run gas firm Egas.Rosneft and EGPC expect binding agreements based on the term sheet to be signed during the third quarter of 2015.  Full Article

NK Rosneft' OAO receives approval of Brazil for full acquisition of Solimoes- Reuters
Monday, 6 Jul 2015 

NK Rosneft' OAO:Receives approval of Brazilian National Agency of Petroleum, Natural Gas and Biofuels for acquisition of additional 55 pct in Solimoes by Rosneft - Reuters.As a result of the deal Solimoes will be fully owned by Rosneft, the deal is expected to be closed in 30 days.  Full Article

NK Rosneft' OAO announces cooperation with EuroChem
Monday, 22 Jun 2015 

NK Rosneft' OAO:Says Rosneft and EuroChem Mineral & Chemical Co, a subsidiary of EuroChem Group AG, signed a memorandum of understanding.Says the MoU is for the monetisation of hydrocarbon resources in the North-Eastern block of the East Urengoy licence area, being developed by Rospan International, a Rosneft subsidiary.Says under the MoU, the Parties intend to cooperate on the monetisation of hydrocarbon resources within the North-Eastern block of the Rospan East Urengoy licence area using EuroChem's gas production facilities which are in close proximity to this licence area.Says commercial contracts are expected to be signed for a 10 year period, with first gas shipments of 400 mcm scheduled for 2018.  Full Article

Pirelli & C SpA says expands commercial partnership with NK Rosneft' OAO
Friday, 19 Jun 2015 

Pirelli & C SpA:Signed cooperation agreement to expand commercial partnership with NK Rosneft' OAO.Cooperation agreement envisages reaching at least 200 sales outlets for Pirelli's products at Rosneft's service stations by 2019.  Full Article

NK Rosneft' OAO sells BP 20 pct shares of Taas-Yuryakh Neftegazodobycha
Friday, 19 Jun 2015 

NK Rosneft' OAO:NK Rosneft and BP signed final binding agreements for Rosneft's sale to BP of a 20 percent share of Taas-Yuryakh Neftegazodobycha (Taas), creating a new joint venture in East Siberia.The venture will further develop the Srednebotuobinskoye oil and gas condensate field which is one of the largest fields in eastern Siberia, currently producing about 20,000 barrels a day.Rosneft and BP have also agreed jointly to explore two additional Areas of Mutual Interest (AMI) in the West Siberian and Yenisey-Khatanga basins covering a combined area of about 260,000 square kilometers.This agreement commits BP and Rosneft jointly to conduct studies and, if successful, establish new joint ventures to obtain licences and perform exploration activities; any joint ventures will be owned 51 per cent by Rosneft and 49 per cent by BP.Igor Sechin and David Campbell also signed a heads of terms to pursue a reorganization of the German Ruhr Oel GmbH (ROG) refining joint venture.As a result of planned deal Rosneft will double its shareholding the Bayernoil refinery - to 25 pct from 5 pct; MiRO refinery - to 24 pct from 12pct; PCK Raffinerie - to 37.5 pct from 18.75 pct.BP in exchange will consolidate 100 pct of the equity of the Gelsenkirchen refinery and the solvent production facility DHC Solvent Chemie.  Full Article

NK Rosneft' OAO signs gas supply contract with E.ON Russia
Thursday, 18 Jun 2015 

NK Rosneft' OAO:Says Rosneft and E.ON Russia signed a contract for gas supply within the St. Petersburg International Economic Forum.Implementation of the gas potential is one of Rosneft's strategic tasks.The company plans to expand its presence in the gas market and is actively developing this business dimension by signing long-term supply contracts with gas consumers.The contract signed with E.ON Russia provides for supply of 4.4 billion cubic meters of gas within 5 years.This resource will be directed to Surgut Power Plant-2 (GRES-2).The contract was signed in pursuance of an earlier contract for gas supply valid from 2013 to 2015.  Full Article

NK Rosneft' OAO and Trubnaya Metallurgicheskaya Kompaniya sign cooperation agreement for oil product supply
Thursday, 18 Jun 2015 

NK Rosneft' OAO:Rosneft and Trubnaya Metallurgicheskaya Kompaniya (TMK) signed a cooperation agreement for oil product supply within St. Petersburg International Economic Forum.The document was signed by Chairman of Rosneft Management Board Igor Sechin and Chairman of TMK Board of Directors Dmitry Pumpyansky.The agreement provides for joint research activities in the area of development, manufacturing, and implementation of high-tech lubricants demanded by TMK.  Full Article

NK Rosneft' OAO appoints chairman
Wednesday, 17 Jun 2015 

NK Rosneft' OAO:Appoints Andrey Belousov as chairman of the board.  Full Article

PRESS DIGEST - Russia - July 31

MOSCOW, July 31 - The following are some stories in Russia's newspapers on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

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