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Rosneft is tripling oil supplies to China
Russia's top oil producer OAO Rosneft signed an agreement with China to increase crude oil deliveries, reinforcing energy relations between Russia, the world's largest energy producer, and China, the biggest consumer. Russian state-owned oil major Rosneft intends to tripling supplies to China to 1 million barrels a day via the Eastern Siberia–Pacific Ocean oil pipeline.
read more... 25/03/2013
Rosneft envisages doubling China oil deliveries in exchange for an oil-for-loan deal
The Russian oil major Rosneft is eyeing a $30 billion loan from China and is in talks with state-owned China National Petroleum Corp in exchange for doubling oil supplies to Beijing, in a move that could divert supplies away from Europe.
read more... 14/02/2013
Russia’s oil output hits new record in 2012
Russia’s oil output hits new record in 2012, to a new post-Soviet high of 10.37 million barrels per day due to an increase in production at Rosneft. Russia had established its previous post-Soviet record in 2011, when the production amounted to 10.28 million barrels per day. According to the International Energy Agency, Russia's oil output hit the highest level at 11.41 million bpd in 1988, when it was part of the former Soviet Union and it accounted about 90 % of total Soviet oil output. This new record confirms Russia as the biggest oil producer in the world.
read more... 03/01/2013
Saras and Rosneft to form a joint venture for trading and processing crude oil
Saras SpA, one of Italy's biggest oil refiners by capacity, and Russia's largest crude producer Rosneft will form a joint venture for the trading and processing of crude oil and the selling of petroleum products.
read more... 19/12/2012
Rosneft sees its profit doubling in third quarter ahead the TNK-BP acquisition
Russia’s oil giant Rosneft beat expectations by doubling quarterly profits to $5.8 billion prior to its controversial $61 billion acquisition of the private rival TNK-BP.
read more... 09/11/2012