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

ROSNq.L on London Stock Exchange

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

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

NK Rosneft' OAO expects annual increase of output by 2% in 2015-17
Wednesday, 17 Jun 2015 

NK Rosneft' OAO:Expects annual increase of output by 2 pct in 2015-17.  Full Article

Pirelli & C SpA and NK Rosneft' OAO sign Memorandum of Understanding with Synthos
Thursday, 16 Apr 2015 

Pirelli & C SpA:Pirelli and NK Rosneft' OAO sign a Memorandum of Understanding with Synthos, a Polish manufacturer of chemical raw materials.Synthos to be technological partner for the development of research, production and supply of synthetic rubber in Nakhodka, in the FEPCO (Far East Petrochemical Company) petrochemical cluster.Pirelli, NK Rosneft' OAO and Synthos to conduct feasibility studies for the FEPCO petrochemical cluster which regard the engineering design requisites and the operation of the plant, market studies, investments and estimates of operating costs.The three groups intend to use the FEPCO petrochemical cluster to produce synthetic rubber with the goal of supplying Pirelli plants in the APAC region.  Full Article

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

Russian government backs testing oil profit-based tax - Interfax

MOSCOW, June 26 - The Russian government has supported the idea of introducing a profit-based tax for oil industry in testing regime, the Interfax news agency quoted Deputy Prime Minister Arkady Dvorkovich as saying on Friday.

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