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Published time: 28 Feb, 2018 22:27 Edited time: 28 Feb, 2018 22:34 American oil giant Exxon Mobil Corp has announced its withdrawal from exploration and research projects with Russia’s Rosneft. The move, linked to Western powers’ anti-Russia sanctions, will cost Exxon some $ 200 million in losses. DETAILS TO FOLLOW Let’s block ads! (Why?)
Published time: 2 Nov, 2017 08:37 Russia’s oil giant Rosneft and the National Iranian Oil Company (NIOC) signed on Wednesday a road map for strategic cooperation in oil and gas in Iran – cooperation which Rosneft’s chief executive Igor Sechin said would involve a total of $ 30 billion of investments. Read more The parties […]
Sergei Karpukhin/Reuters Rosneft suspended an oil project in the Yuzhno-Chernomorsky area of the Black Sea due to western sanctions. Rosneft had partnered with Exxon-Mobil and Eni a few years ago to work on joint-exploration projects in the Black Sea and other areas. While US sanctions block Exxon from working with Rosneft, the EU version of the sanctions includes a grandfather clause […]
Published time: 19 Oct, 2017 13:31 Edited time: 19 Oct, 2017 13:33 The CEO of Russia’s largest oil company Rosneft Igor Sechin has said that oil will remain the principal fuel for many years to come although some forecasts say otherwise. Read more “I can assure you the rumors of the death of oil are […]
Published time: 11 Sep, 2017 13:14 Crude prices are likely to dip in 2018, according to Rosneft CEO Igor Sechin. The key reasons are a surge in US oil production and a decline in the US dollar. Read more “The devaluation of the dollar now stands at about 20 percent, and if you take into […]
Published time: 21 Aug, 2017 10:01 Russia’s Rosneft and its partners including Dutch commodity trading house Trafigura have finalized the $ 12.9 billion purchase of India’s second-largest oil refiner Essar Oil. It’s the biggest foreign acquisition in the South Asian country. The deal announced last October gives Rosneft a 49 percent stake in Essar. According […]
ExxonMobil filed a legal challenge against the US government immediately after the Treasury Department slapped the oil producer with a $ 2 million fine over its partnership with Russia’s Rosneft, which the government believes is in violation of US sanctions. The American oil giant maintains that at no point has its dealings with Rosneft violated […]
Published time: 27 Jun, 2017 03:00 A court has frozen some assets belonging to Russian businessman Vladimir Yevtushenkov’s Sistema conglomerate, including shares in Russia’s largest mobile operator MTS and two other companies over a dispute with state-run oil giant Rosneft. An enforcement action was received Monday, according to a statement issued by the investment conglomerate […]
