ST PETERSBURG, Russia (Reuters) - Russia's top crude producer Rosneft is looking into a possibility of entering the U.S. stock market, the company's influential Chief Executive Officer Igor Sechin said on Wednesday.
ST PETERSBURG — Russia’s Rosneft agreed to double oil supplies to China, in a deal it valued at $270 billion on Friday, as the Kremlin energy champion shifts its focus to Asia from saturated and crisis-hit European markets.
Rosneft will supply China with 300,000 barrels per day over 25 years starting in the second half of the decade, on top of the 300,000 bpd it already ships to the world’s largest energy consumer.
MOSCOW — Russia’s top crude oil producer Rosneft wants to break the monopoly of another state-owned energy champion, Gazprom, to export gas via pipelines, sources said on Friday, signalling a flare-up between powerful clans.
Igor Sechin, a long-standing ally of Russian President Vladimir Putin, transformed Rosneft into the world’s top publicly traded oil producer through the US$50-billion purchase of Anglo-Russian firm TNK-BP last year.
With TNK-BP, Rosneft overtakes Exxon and PetroChina Co. in output. It will pump about 4.1 million barrels a day this year
OAO Rosneft’s US$55-billion takeover of TNK-BP creates an empire stretching from Russia’s Far East to Venezuela that pumps almost 5% of the world’s crude.
Moscow (AFP) - Russia's oil giant Rosneft said Tuesday it had cut its daily output by 25,000 barrels because of "marketing conditions" that have seen the price of crude shrink by nearly a third since June.
YUZHNO-SAKHALINSK, Russia — Top Russian oil producer Rosneft said it expected to confirm resources of around 14 billion tonnes of oil equivalent at new fields in Russia’s eastern offshore zones, providing crude it could use to supply Asian markets.
Rosneft President Igor Sechin, standing on an oil platform at Sakhalin-1 with senior ExxonMobil executives, told President Vladimir Putin by video conference that exploration works were under way at some of the fields.