Fri, Jul 07, 2023
Russian energy giant Rosneft has appointed a former Indian Oil Corporation (IOC) director to its board in signs it may be looking at boosting trade links with India.
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Fri, Oct 05, 2018
The Indian market's potential is unparalleled and "that's why we love to invest in India," he said at a business event here. However, India needs to streamline its taxation system with international regime and not double tax foreign investors, he said.
Tue, Mar 20, 2018
Russian oil major Rosneft, fund UCP and Swiss commodities trader Trafigura bought Essar Oil`s large refinery, 3,500 fuel stations and infrastructure for $12.9 billion last year. Essar Oil has long relied entirely on funding from Indian banks while the new shareholders want to reduce exchange costs by adding alternative financing sources and directly use dollars to buy its oil instead
Wed, Dec 13, 2017
A Russian court froze $1.7 billion of assets on Tuesday, at Rosneft`s behest, prompting Sistema`s shares to fall by 9 percent in early trade on Wednesday.
Wed, Nov 15, 2017
Russian Energy Minister Alexander Novak met Russian oil company executives in Moscow on Wednesday ahead of talks in Vienna at the end of November between OPEC and non-OPEC producers.
Mon, Aug 21, 2017
Essar Oil on Monday completed its deal with Russia's Rosneft. Few banks have large exposure to the Essar Group and with this deal concluded it comes as a sign of relief.
All-cash sale deal consists of Essar Oil's 20 million tonne refinery at Vadinar in Gujarat and 3,500 retail outlets across the country.
Tue, Jun 27, 2017
Russia`s top oil producer Rosneft said a large-scale cyber attack hit its servers on Tuesday, with computer systems at some banks and the main airport in neighbouring Ukraine also disrupted.
Fri, Jun 23, 2017
The sale transaction decision (Essar Oil-Rosneft deal) was announced on October 15, 2016 when Prime Minister Narendra Modi met Russia's Vladimir Putin in BRICS Summit held in Goa.
Thu, Jun 22, 2017
The deal, where Rosneft will hold a 49 percent stake, will allow the Russian company to increase oil refining output by 20 percent this year.
Thu, May 11, 2017
Sources said some lenders might be seeking to gain concessions on other debt with Essar units before giving their approval.
Fri, Mar 31, 2017
"The parties are working towards obtaining the requisite approvals to complete the transaction. We are hopeful that the deal will be completed in the upcoming few weeks," Essar said.
Wed, Nov 16, 2016
Putin`s spokesman Dmitry Peskov denied there was any Kremlin intervention in the deal.
Sat, Oct 22, 2016
The remaining 2% will be held by minority shareholders after delisting of Essar Oil.
Mon, Oct 17, 2016
He said the deal did not violate the economic sanctions imposed by the U.S. government on Russian entities over Russia`s role in the Ukraine crisis. "The way it is structured, it is fully compliant. We are well within the rules that govern Russian companies."
Sat, Oct 15, 2016
A group led by Russian oil major Rosneft will invest around $12.9 billion (nearly Rs 85,820.5 crore) in India's Essar Oil, Chief Executive Igor Sechin told reporters on Saturday.
Mon, Sep 26, 2016
Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, to counter declining conventional output, showing the complexities facing producer nations seeking to tackle a global oversupply of crude.
Mon, Aug 15, 2016
Rosneft's total revenue suffered a 7.8% drop, falling to $19.2 billion, slightly exceeding the expectations of analysts quoted by Russia's Interfax news agency.
Sun, Aug 07, 2016
Indian refiner Essar Oil's fuel exports will sharply drop in 2018/19 as it ramps up local sales by doubling its retail network and turns some of its naphtha into profitable gasoline, its managing director said.
Tue, May 31, 2016
The field, which has recoverable reserves of 2.5 billion barrels, will give OVL 3.3 million tonnes per annum of oil production.
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