Russia's Gazprom Neft said Thursday it and Shell have agreed to create a joint venture to develop fields in West Siberia with combined estimated reserves of 1.1 billion mt of oil.

Russia’s Deputy Prime Minister Dmitry Kozak said on Thursday Russian oil pipeline monopoly Transneft would provide compensation to all parties that could prove real damages from contaminated oil.

ROSNEFT - Net income growth of 61.7% YoY to RUB 131 bln

Hydrocarbon production in Q1 2019 amounted to 5.90 mmboed (71.7 mmtoe), exceeding Q1 2018 level by 3.4%. Average daily hydrocarbon production decreased by 0.6% QoQ due to the Company’s compliance with its obligations under the OPEC+ Agreement.

Публикация «Рейтер» «Эксклюзив: Венесуэла обошла санкции США, направив продажи нефти через Россию» является откровенной ложью, цель которой провокация против «Роснефти». Вынуждены констатировать, что «Рейтер» прекратил деятельность как информационное агентство и средство массовой информации.

Since January, Maduro’s administration has been in talks with allies in Moscow about ways to circumvent a ban on clients paying PDVSA in dollars, the sources said. Russia has publicly said the U.S. sanctions are illegal and it would work with Venezuela to weather them.

Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020,

GAZPROM NEFT - Revenue for FY2018 amounted to RUB 2,489 billion , a 28.7% increase year-on-year.** Adjusted EBITDA grew by more than 45.1% year-on-year to RUB799.5 billion.

ROSNEFT - Financial results for 12M 2018 and 4Q 2018 EBITDA growth by 1.5 times YoY up to RUB 2 trln with margins improvement up to 25% Net Income jumped by 2.5 times YoY up to RUB 549 bln in 12M 2018 Fee cash flow in 12M 2018 up to USD 17.9 bln Drop over USD 14 bln of total trading prepayments and net debt

ROSNEFT - Hydrocarbon production amounted to 285.5 mln toe (5.80 mmboed) in 2018, exceeded 2017 levels by 1.3%. Q4 2018 hydrocarbon production amounted to 73.7 mln toe (5.94 mmboed), which exceeded the Q3 2018 result by 1.8%.