ROSNEFT IS ASTIONISHED
Rosneft Oil Company is astonished by the publication in the Kommersant Newspaper that refers to participation of the company in preparation of some "proposals" related to counter sanctions.
Rosneft management is not involved in the production of politicy decisions. It is aimed at improving the efficiency of the Company's operational performance and increasing shareholder's value for the benefit of the company's stockholders, among which significant foreign investors are present. Publication of such "proposals" inflicts damage not only to the Company and its shareholders, but to the entire economy of Russia.
Rosneft views this publication as an attempt to instigate a new round of Western sanctions against the Russian business. Quite the opposite, the Company never held back its position: it was always urging not to relay political sanctions to the corporate level. Rosneft states that the information about some alleged initiatives of the Company to come up with counter sanctions published by Kommersant does not correspond with reality.
Rosneft is taking all necessary actions to protect its business reputation and the interests of its shareholders, including legal recourse.
|July, 16, 11:05:00|
|July, 16, 11:00:00|
|July, 16, 10:55:00|
|July, 16, 10:50:00|
|July, 16, 10:45:00|
|July, 16, 10:40:00|
AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.
IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.
IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.