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

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-03-17 19:00:00

ROSNEFT SELLS STAKES

ROSNEFT SELLS STAKES

Rosneft is to sell stakes in two major assets to Indian companies in deals that could raise as much as $4bn for the Russian state-controlled oil group, which is struggling under a hefty debt burden and western sanctions.

The deals, announced on Wednesday after a visit to New Delhi by Igor Sechin, Rosneft's chief executive, are the latest sign that the Russian company is willing to sell equity in some of its most prized resources to foreign investors in order to raise money to finance their development.

Rosneft said on Wednesday it had signed a binding agreement to sell a 29.9 per cent interest in its Taas-Yuriakh subsidiary, which operates one of the largest oil and gasfields in eastern Siberia, to a consortium of three Indian companies: Oil India, Indian Oil and Bharat Petroresources.

Separately, Rosneft signed agreements envisaging the possible sale of a 23.9 per cent interest in Vankor, one of its largest oilfields and also in eastern Siberia, to the same group of Indian companies, as well as a possible increase in the stake held by India's Oil and Natural Gas Corporation from 15 to 26 per cent.

One person close to the Russian company confirmed the valuation of Rosneft's subsidiaries under the deals outlined on Wednesday would be in line with stake sales agreed last year.

In 2015, Rosneft completed a deal to sell 20 per cent of Taas-Yuriakh to BP for about $750m. It also agreed to sell 15 per cent of Vankor to ONGC for about $1.3bn.

That implies that latest sale involving Taas-Yuriakh is worth $1.1bn, and that Rosneft could raise an additional $2.9bn if the agreements to sell further stakes in Vankor are completed.

Mr Sechin said the sale of equity in Taas-Yuriakh to foreign companies would "allow a significant acceleration of the upstream projects' implementation" by increasing the "financial potential" of the subsidiary.

He added that the Vankor deal marked "the turning of a new leaf in the co-operation between Russia and India in the energy sector".

Dharmendra Pradhan, India's oil and gas minister, described the agreements signed on Wednesday as "a remarkable achievement", demonstrating the level of partnership between the two countries.

Vankor is one of the jewels in Rosneft's crown: it is the company's third-largest producing subsidiary and its largest oil and gasfield developed in the past 25 years.

Analysts at VTB Capital said the deals with India were a positive step for Rosneft. They come after Rosneft last September signed preliminary agreements to sell equity in several projects to Chinese companies.

But deals with China have been slower to materialise than those with India: the Russian company has held talks with Chinese investors to sell stakes in both Taas-Yuriakh and Vankor in the past, but no agreements were concluded.

ft.com

-----

More: 

ROSNEFT WILL DRILL 

ROSNEFT INCREASES STAKE 

ROSNEFT'S RESERVE REPLACEMENT: 124% 

ROSNEFT & SAUDI MERGER 

ROSNEFT: DEMAND WILL UP

Tags: RUSSIA, ROSNEFT, OIL, PRICES
ROSNEFT SELLS STAKES October, 15, 12:30:00

OIL PRICE: NEAR $81 ANEW

ROSNEFT SELLS STAKES October, 15, 12:25:00

BAD BOYS: IMF & WBG

ROSNEFT SELLS STAKES October, 15, 12:20:00

U.S. - CHINA NUCLEAR POLICY

ROSNEFT SELLS STAKES October, 15, 12:15:00

U.S. - CHINA NUCLEAR SANCTIONS

ROSNEFT SELLS STAKES October, 15, 12:10:00

IRAN SANCTIONS DOWN

ROSNEFT SELLS STAKES October, 15, 12:05:00

IRAN - S.KOREA OIL DOWN ANEW

All Publications »

Chronicle:

ROSNEFT SELLS STAKES
2018, October, 15, 12:01:00

GAZPROM - SHELL: BALTIC LNG

GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).

ROSNEFT SELLS STAKES
2018, October, 15, 12:00:00

U.S. RIGS UP 11 TO 1,063

BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.

ROSNEFT SELLS STAKES
2018, October, 12, 11:40:00

OIL PRICE: NEAR $81

REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.

ROSNEFT SELLS STAKES
2018, October, 12, 11:35:00

OIL PRICES 2018 - 19: $74 - $75

EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019.

All Publications »