Здравствуйте. Вся информация этого сайта бесплатна без рекламы. Вы можете сделать пожертвование и поддержать развитие этого сайта. Спасибо.

Hello. This site is free without ads. You can make a donation and support the development of this site. Thank you.

2017-06-24 09:35:00

ROSNEFT - ESSAR DEAL: $12.9 BLN

ROSNEFT - ESSAR DEAL: $12.9 BLN

REUTERS - Creditor banks to India's Essar Oil approved the acquisition of the company by a group including Russia's Rosneft, two sources familiar with the matter said, removing a key hurdle to the $12.9 billion deal that has been in the works for two years.

The news comes a day after Igor Sechin, CEO of the Russian oil and gas giant, said the Essar Oil deal could be considered as closed. Kremlin-controlled Rosneft, which sees the buyout as vital to expanding in Asia's fastest growing energy market, had aimed to close the deal at the end of 2016 but it got held up over debt issues.

Those delaying what is Rosneft's biggest foreign acquisition were India's state-run banks and financial institutions that hold about $500 million of Essar's debt, sources said in May.

However, it is still unclear whether India's biggest insurer Life Insurance Corporation (LIC), which also lent money to Essar Oil, had given its approval or not.

LIC was not a part of the creditors' group that gave its nod to the deal on Friday, said one of the two sources, who did not want to be named due to rules on talking to media.

An LIC spokesman did not answer a call seeking comment. A call made to the Essar Oil CEO also went unanswered.

The deal will give Rosneft a 49 percent stake in Essar Oil, while another 49 percent will be split between Swiss commodities trader Trafigura [TRAFGF.UL] and Russian fund United Capital Partners. Essar's founder billionaire Ruia brothers will retain a 2 percent stake.

-----

Earlier: 

ROSNEFT - ESSAR DEAL 

RUSSIA - SAUDI COMPETITION 

ROSNEFT & ESSAR SUPPLIES 

ROSNEFT & ESSAR AGREE 

ESSAR ENERGY: FORCED TAKEOVER

 

 

Tags: ROSNEFT, ESSAR, RUSSIA, INDIA

Chronicle:

ROSNEFT - ESSAR DEAL: $12.9 BLN
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

ROSNEFT - ESSAR DEAL: $12.9 BLN
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

ROSNEFT - ESSAR DEAL: $12.9 BLN
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

ROSNEFT - ESSAR DEAL: $12.9 BLN
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

All Publications »
Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00