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2014-03-17 08:06:00

ROSNEFT: WHO NEED RUSSIAN MONEY?

ROSNEFT: WHO NEED RUSSIAN MONEY?

REUTERS. Rosneft's indirect investment in Italy's Pirelli that will make the Russian oil group the tyre maker's single-biggest shareholder is worth more than 500 million euros ($696.25 million), a source close to the matter said on Monday. According to a statement issued by Italian bank Intesa Sanpaolo, Russia's top oil producer Rosneft was set to acquire a 50 percent shareholding of a company which holds 26.2 percent of Pirelli, ending with a 13 percent stake in the tyremaker. Rosneft will also take on an unspecified amount of the debt now owed by Pirelli's holding Camfin, the source said.

Tags: ROSNEFT, PIRELLI, РОСНЕФТЬ

Chronicle:

ROSNEFT: WHO NEED RUSSIAN MONEY?
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

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.

ROSNEFT: WHO NEED RUSSIAN MONEY?
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

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.

ROSNEFT: WHO NEED RUSSIAN MONEY?
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

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.

ROSNEFT: WHO NEED RUSSIAN MONEY?
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

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.

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