Rosneft News

Companies

US sanctions Rosneft unit for maintaining ties to Venezuelan oil trade

The move represents the latest escalation in the Trump administration’s campaign to oust MaduroRussian government said the sanctions won't affect its international relations with Venezuela or any other country

3 min read19 Feb 2020
News

No official communication on privatisation yet: BPCL

On 20 October, Mint reported that Saudi Aramco, Rosneft, Kuwait Petroleum, ExxonMobil, Shell, Total SA and Abu Dhabi National Oil Company have had conversations with the government on bidding for the latter's stake in BPCLA core group of secretaries on divestment approved the privatization of BPCL on September 30

2 min read8 Nov 2019
Companies

Global energy giants line up for BPCL sale

Aramco, Rosneft, Shell among firms likely to bid for govt’s 53.3% stakeThe proceeds from the stake sale will be crucial for the government to contain its fiscal deficit

3 min read20 Oct 2019
News

India, Russia’s Rosneft discuss oil supplies after Saudi attacks

Rosneft head Igor Sechin and the Indian government discuss the possibility of increasing Russian oil supplies in light of recent attacks on Saudi oil infrastructureRosneft also discusses the development of India's Nayara Еnergy, where the Russian company holds a stake

1 min read17 Sep 2019
Companies

Business and pleasure - How Russian oil giant Rosneft uses its corporate jets

Sechin, a close ally of President Vladimir Putin and head of the world's largest listed oil company by productionThe jet with tail number M-YOIL is operated by a Singapore-registered company called AV Asia Developments Pte Ltd

7 min read15 Jun 2019
Industry

Rosneft's Nayara begins fuel retail expansion in India

'As the fastest growing pan-India private fuel retail network, we are expanding retail presence at an extensive pace,' says B. Anand, CEO, Nayara EnergyWith this expansion, Nayara will retain its tag of the largest private fuel retailer in the country

2 min read9 May 2019
Companies

Essar Global Fund says repaid all of Essar Group debt

Over the past two years, Essar Group has repaid more than 1.37 trillion debt, mostly to Indian banks. Essar Steel India, which alone has a debt of 45,000 crore, is under the Insolvency and Bankruptcy Code

3 min read8 Jan 2019
Companies

Nayara Energy takes RBI, ED to court over Fema

Nayara Energy, formerly Essar Oil that was acquired by Russia's Rosneft, is seeking stay on an RBI order imposing penalty for Fema violations

2 min read4 Jan 2019
Companies

Rosneft slams Indian taxation system, calls it hurdle

India needs to streamline its taxation system with international regime and not double tax foreign investors: Rosneft's first vice-president for economics and finance Pavel Fedorov

2 min read5 Oct 2018
Companies

OVL, partners to pay $230 million in out of court settlement with Rosneft

Rosneft had dragged the Sakhalin-1 consortium to court alleging unjust enrichment and interest gained by using other people's money and claimed $1.4 billion in damages

1 min read29 Sep 2018
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