RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2014-09-05 18:15:00

ROSNEFT BUY MORGAN STANLEY

ROSNEFT BUY MORGAN STANLEY

The European Commission (EC) has allowed Russian state-owned oil company Rosneft to purchase an oil trading department of Morgan Stanley, EC said Thursday.

"The parties' activities overlap on various markets for oil and refined petroleum products, including fuel oil sales in the European Economic Area...The Commission concluded that the proposed acquisition would not raise competition concerns, because the overlaps are very limited and a number of strong players would remain in the market after the merger," EC said.

In 2013, Rosneft's unit signed a binding agreement with Morgan Stanley on purchasing an international oil trading department of the investment bank. The financial terms of the deal are not disclosed, the deal does not cover the client's part of the bank's business in oil, oil product and other crude materials' trading and its stake in TransMontaigne.

At the beginning of July, Rosneft asked the US Committee on Foreign Investment for permission for the deal, and the committee is to decide on the deal within 75 days. If approved, the deal will be closed in September, but the approval can meet significant difficulties, as the US has included Rosneft's CEO Igor Sechin on its black list of Russian officials involved in the crisis in Ukraine.

oilandgaseurasia.com

Tags: ROSNEFT, OIL, MORGAN, STANLEY, US
Chronicle:
ROSNEFT BUY MORGAN STANLEY
2022, January, 19, 10:34:00
ГИДРОЭНЕРГЕТИКА ЦЕНТРАЛЬНАЯ АЗИЯ И КАСПИЙ 2022
Инвестиционные проекты строительства и модернизации будут представлены на международном конгрессе и выставке «Гидроэнергетика Центральная Азия и Каспий 2022»
ROSNEFT BUY MORGAN STANLEY
2022, January, 19, 10:33:00
TRANSPORTATION OIL AND GAS CONGRESS, 21th-22th of February, 2022
Business and Technical Views On The Market At The Transportation Oil and Gas Congress 2022
ROSNEFT BUY MORGAN STANLEY
2022, January, 19, 10:32:00
LEARN THE LATEST GLOBAL LNG TRENDS WITH LNGCON 2022
The next edition of the International LNG Congress (LNGCON 2022) takes place in Dusseldorf, Germany on March 28-30, 2022. Covering the whole LNG value chain, the Congress brings together decision makers of the industry to tackle the most relevant issues such as the role of LNG in the transition towards zero-carbon shipping.
ROSNEFT BUY MORGAN STANLEY
2022, January, 19, 10:31:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2022
To learn more, join the upcoming high-level international investment conference Energy Week Central Asia & Mongolia 2022, which will take place on 26-28th April in Tashkent.
ROSNEFT BUY MORGAN STANLEY
2022, January, 19, 10:30:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
ROSNEFT BUY MORGAN STANLEY
2022, January, 19, 10:29:00
BELGIUM'S NUCLEAR DEFICIT
It has still not been established how Belgium will make up the shortfall from closing its reactors. Elia has previously said that at least 3.6 GWe of new thermal capacity would be needed by the end of 2025.
ROSNEFT BUY MORGAN STANLEY
2022, January, 19, 10:25:00
GLOBAL RENEWABLES NEED INVESTMENT $3 TLN
The world needs to invest at least $3 trillion in renewable energy in the next 10 years,
All Publications »