NK Rosneft' PAO (ROSN.MM)
22 May 2018
* CITIC also to take CEFC's stake in JTFG (Adds payment made, amount, CITIC comment)
LONDON (Reuters Breakingviews) - OPEC is changing course. For the past year-and-a-half, the Organization of the Petroleum Exporting Countries and producers like Russia have diligently stuck to agreed oil supply cuts. Now Russia and Saudi Arabia are discussing opening the taps by an extra 1 million barrels per day, Reuters reported on Friday. It’s more of a reset than a rethink.
ST PETERSBURG, May 25 Russian state oil major Rosneft signed a deal to help Kurdistan develop its gas reserves and build a gas pipeline, expanding the company's dominance in the energy sector of Iraq's semi-autonomous region.
ST PETERSBURG, May 25 Russian Natural Resources Minister Dmitry Kobylkin said on Friday the ministry would continue supporting the Sakhalin-1 offshore project, a joint venture between Rosneft and U.S. major Exxon Mobil Corp.
MOSCOW, May 25 VTB, Russia’s second-largest lender, has increased its stake in sanctions-hit En+, which manages the aluminium and hydropower assets of businessman Oleg Deripaska, after making a margin call on one of En+’s minority shareholders, the bank’s first deputy chief executive said.
MOSCOW, May 22 Investment company GK Region, which is closely connected to Russia's top oil firm Rosneft , has become a major shareholder in Pharmacy Chain 36.6 , according to Russia's Vedomosti business daily:
LONDON After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly relaxed.
* Dudley says company 'not at point' of boosting dividends yet
PRAGUE, May 17 Creditor J&T Private Investments (JTPI) said on Thursday it had taken over shareholder rights and installed crisis management at CEFC Europe, the Czech-based part of troubled Chinese conglomerate CEFC China Energy.
LONDON, May 16 While major traders expect consolidation in the crowded oil trading sphere, small Lugano-based firm Lord Energy is finding new niches and taking a bet by entering into Russian oil.