Russia’s state-controlled oil company Rosneft will invest $400 billion in the Arctic Region before 2030, the company President Igor Sechin said in an interview with the German Der Spiegel magazine on Sunday.
In the presence of leaders of ExxonMobil and the Norwegian North-Atlantic Drilling, Sechin reported to the president about the launch of the drilling operation at the University-1, the company’s historical well in the Kara Sea.
How heavy is Rosneft’s debt burden resulting from last year’s acquisition of TNK-BP? How long will it take Russia’s largest oil company to pay off the gigantic loans? Would Rosneft be able to service them without additional financial instruments?
Oslo called off its environmental minister’s visit to Moscow, cancels military cooperation, but has no objections that Statoil expands cooperation in the Barents Sea with one of Putin’s most important source of income, Barents Observer reported on April 2. Rosneft.
Rosneft is on the list of the state companies which may be relocated to the Far East. The document was drafted by the Russian president’s representative in the Far East federal area, Yury Trutnev.
Rosneft (ROSN.MM), the world's top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corp (ONGC.NS) to supply oil to India over the long term, the Russian state-controlled company said on March 25, Reuters has reported.
Russian oil company Rosneft is discussing the launch of liquefied natural gas (LNG) supplies with Indian companies, it said in a statement on March 25, Prime has reported.
Russia's Rosneft said on March 25 it had repaid some $10.6 billion to international banks raised for its takeover of TNK-BP. Rosneft, headed by Igor Sechin, a close ally of President Vladimir Putin, said it paid back loans ahead of time in December-March.
Russian state oil company Rosneft says it has not curtailed its operations in Ukraine and has no plans to make any changes, Itar-Tass reported on March 19.
Russian oil giant Rosneft is ready to involve Japanese companies in three major investment projects, the company’s President Igor Sechin said in a report at the VI Russian-Japanese investment forum in Tokyo, Itar-Tass reported on March 19.