Russia’s largest petroleum company Rosneft on Tuesday committed to increasing its investments at its petrochemical unit in Vadinar refinery for the development of Nayara Energy project in Gujarat.
Russia’s biggest oil producer Rosneft doesn’t expect the end of the U.S. sanction waivers for all Iranian oil buyers to lead to a global supply deficit this quarter and next, Rosneft’s chief executive Igor Sechin told Reuters on Friday.
Venezuela may divert oil originally bound for the United States to Russian oil company Rosneft or other destinations due to U.S. sanctions, Venezuelan oil minister and president of state-run oil company PDVSA Manuel Quevedo said on Monday.
Rosneft is opening a trading arm in Singapore as part of a pivot to Asia, the world’s biggest and fastest-growing energy-consuming region, where the Russian state oil major plans to manage new projects and boost oil sales.
Rosneft controlled Nayara Energy is in talks with domestic City Gas Distribution (CGD) operators to offer natural gas retailing services at its auto fuel retailing outlets. “We are in talks with Adani, IGL (Indrapastha Gas Limited) and MGL (Mahanagar Gas Limited)
Where some see hardship, others see opportunity. Russia’s most valuable export products are oil and gas of which the top producers are Rosneft and Gazprom, respectively.
Russia’s Rosneft and US ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, two sources familiar with the talks said.
Russian oil firm Rosneft, the biggest foreign investor in India’s energy sector, Friday criticised taxation policy in the country saying it was a major hurdle in its expansion plans.
Russian oil company Rosneft’s Indian venture Nayara Energy, which owns one of the largest refineries in the country, is moving to replace high-interest loans with new debt, part of efforts to reshape its balance sheet and cut borrowing costs, according to three sources familiar with the plan.
Russia’s largest oil company Rosneft filed an 89 billion rouble ($1.41 billion) lawsuit on Monday against participants of the Sakhalin-1 oil and gas project operated by ExxonMobil subsidiary Exxon Neftegaz Ltd.