USA & RUSSIA: SANCTIONS HAVE NO IMPACT
Igor Sechin, head of Russia's leading oil company Rosneft, said on Thursday sanctions imposed by Washington on him over Russia's actions in Ukraine had failed to hinder his work with U.S. partners and did not affect him personally.
Saying he had no accounts or property in the United States, Sechin told reporters: "So they (the sanctions) have a theoretical character for me personally. We will continue to work and this has no impact on our work with American partners. We appreciate the cooperation."
Sechin also said Rosneft had not initiated a push to privatise a stake in the company, but would go along with it if the government so wished, hinting at his dissatisfaction at reports that Russia could sell 19.5 percent of the oil producer.
"First of all, I would like to draw your attention to the fact that we do not comment on statements from federal officials ... but we are ready to fulfil any directive," he said in Russia's eastern city of Blagoveshensk.
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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.