Rosneft - Russia's largest oil company (40% Russian and 5% of global oil production). Established in 1991 as Rosneftegas (Rosneft since 1993). Major shareholders as of January 2017 - "Rosneftegas" (60%), BP Russian Investments Limited (19,75%), Glencore and Qatar Investment Authority (19,5%). Capitalisation (January 2017) - 4.2 trillion rubles ($ 70 billion). Headquartered is in Moscow. It is engaged in the extraction, processing and sale of oil and gas. In 2015 oil production amounted to 202.5 million tons, natural gas - 62.5 billion cubic meters. The company's revenue (2015) amounted to 5.15 trillion rubles ($ 80 billion), net profit - 355 billion rubles (5.4 billion dollars). The company's revenue amounted to 4.98 trillion rubles in 2016 (77.2 billion), net profit - 181 billion rubles (2.8 billion dollars). The total number of employees - 250 thousand people. Official site.
The bank issued a loan of 692 billion rubles for the purchase of 19.5% stake in the oil company.
After the beginning of the new year, the Russian companies need to cut production, but the production of crude oil in 2017 may increase again.
Subsidiary of Rosneft has become a defendant in a lawsuit filed in the US: Canadian Crystallex accuses itr of involvement in the illegal transfer of assets. It involves the transfer of 49.9% in Citgo oil refinery to Rosneft on security.
The company wants to get out from its only project in the country.
Swiss trader Glencore and Qatar investment fund QIA set up three joint companies with registration in the UK as part of the transaction for the purchase of 19.5% of Rosneft shares, as it follows from the data of the British corporate registry.
Thus, the bank has provided half of the funding for the transaction.
The investigation is sure to proof the guilt of ex-Minister of Economic Development, in particular with the help of records of negotiations. The names of most of his interlocutors are classified.
Property interests of Rosneft have led to filing a claim to arbitration. What is Transneft guilty of?
Rosneft paid 300 billion rubles for Bashneft . What did it get for that money?
The purchase of 19.5% of shares of Rosneft by Glencore and Qatar Investment Authority still raises many questions among economists. It is being prepared in strange secrecy, they say. And last week, like a bolt from the blue, it was announced that the stock of the oil company had been already sold to Glencore and the QIA.
The head of Rosneft sold nearly 20% of the state company to Glencore, which is closely associated with the Kremlin-connected billionaire Gennady Timchenko, and to the Qatar Investment Authority, which collaborates with Igor Sechin's advisor, Roman Trotsenko.
Glencore and Qatar sovereign fund buy 19.5% stake in the company for 10.5 billion euros.
Vice-President and co-owner of Lukoil Leonid Fedun, in an interview with RBC told about his first scientific paper on OPEC, commented on the decision of the cartel to reduce production, as well as informed why the company had not contested Rosneft for Bashneft, and how the money saved on that deal would be spent.
Top manager Andrey Rappoport deceived Anatoly Chubais, but stumbled on trying to do the same with Igor Sechin.
The head of Rosneft has started a project to launder billions of dollars in unnecessary construction of metallurgical plant in the Primorsky Territory.
The Moscow City Court upheld the decision of the court on the suit of Rosneft to the newspaper.
What the family of the Minister of Industry and Trade earns money.
Forbes has presented its fifth annual ranking of the most highly paid heads of Russian companies.
Over the five years of Forbes rankings, the total payment of the Russian top managers were reduced by 2.3 times. The value of the ruble has dropped by approximately the same value.
Belarusian dictator wanted to improve the energy balance.
Belarus offers Russia to exchange shares Bashneft for a stake in Belarusian companies, said President Alexander Lukashenko. No answer until now, he complained.
The arrest of Alexey Ulyukayev is the first step towards the arrest of the famous dog lover.
The Investigative Committee said that the Minister of Economic Development extorted $2 million for the purchase of Bashneft shares by Rosneft.
The head of Rosneft grabs a unique Ropsha palace complex built in the 18th century.
The people and government of Russia cannot do anything with Rosneftegaz.
Rosneft suddenly reviewed its demands from RBC. The company, which had previously sought only to retract one of the articles, on Thursday demanded to enforce more than 3 billion rubles as a compensation of reputation losses, which is the record sum for the Russian media.
The newspaper did not agree with the decision and will appeal.
Rosneft head believes that all phrases with his surname in the Vedomosti article on his building up a house in Barvikha should be considered as an invasion of privacy. Top manager demands to prohibit the circulation of the article and destroy all issues in possession of the publisher.