ROSNEFT EXPANDS AFRICA
Rosneft may expand in the African countries of Angola and Mozambique, where its boss Igor Sechin served as a Soviet translator in the early 1980s.
Rosneft said on Wednesday its delegation in Angola had discussed the possible participation of the Kremlin-controlled company in exploration and development projects there.
The announcement came a day after Rosneft said it had also held talks over projects in Mozambique.
Sechin, an ally of Russian President Vladimir Putin, worked in both countries as a translator, according to his former classmates and fellow Soviet translators.
His Soviet past, as is often the case with Russian politicians and businessmen, is shrouded in secrecy, beyond a few details.
Fluent in Portuguese and French, Sechin worked as a translator in Angola in the early 1980s and in Mozambique for a Soviet trade body called Tekhnoexport.
Russia and Angola have recently strengthened ties. Russia's VTB Bank helped Angola raise $1 billion in 2012 in a private placement.
Angola's ruling MPLA party was backed by the Soviet Union during a 27-year civil war which it won against U.S.-backed rebel group UNITA in 2002. Long-serving President Jose Eduardo dos Santos studied in Moscow in the 1970s.
Rosneft declined to comment on why the company had increased its activity in the continent and particularly in Angola, Africa's biggest crude producer after Nigeria, which is seeking to raise output to 2 million barrels per day (mbpd) in 2015 from around 1.7 mbpd currently.
On Wednesday, Rosneft said its delegation, headed by company vice-president Andrei Shishkin, flew to Angola earlier this week and met a number of officials, including oil minister Jose Maria Botelho de Vasconcelos and Francisco de Lemos Jose Maria, the head of state oil firm Sonangol.
|December, 15, 13:20:00|
|December, 15, 13:15:00|
|December, 15, 13:10:00|
|December, 15, 13:05:00|
|December, 15, 13:00:00|
|December, 15, 12:55:00|
LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.