The sale of the government's stake in Rosneft carries many risks for the company, and there should be no strict deadlines for divesting the state's biggest oil asset. The sale of the government's stake in Rosneft carries many risks for the company, and there should be...

LONDON — Rosneft is looking to tap the international lending market for a sizeable syndicated loan only six weeks after agreeing to an increased $2 billion loan, bankers close to the borrower said.  "On an annual basis, depending on what's going on...

Oil output from Russia hit a record high last month thanks to higher pumping rates at Rosneft and Gazprom. Oil output from Russia hit a record high last month thanks to higher pumping rates at Rosneft and Gazprom. Oil production growth in Russia, which is expected to flatten in coming years, again surprised analysts on the upside as...

Deputy Prime Minister Igor Sechin asked the government to sell its stake in Novorossiisk Commercial Sea Port directly to state-owned oil firm Rosneft, bypassing the normal privatization service. Deputy Prime Minister Igor Sechin asked the government to sell its stake in Novorossiisk Commercial Sea Port directly to state-owned oil firm Rosneft, bypassing the normal privatization service...

... Transneft reduces their incentive to improve corporate governance, according to HSBC Holding. Deputy Prime Minister Igor Sechin sent a letter to Prime Minister Vladimir Putin last month recommending that the government not sell stakes in Transneft, Rosneft, RusHydro and Zarubezhneft this year because of low market prices, the Kommersant newspaper reported last week. Russia won't sell stakes in state-run companies at low prices, Dmitry Peskov, a spokesman for Putin, said Jan. 11. "The government...

... Friday. The decree brings discounts to 30 percent on some fuels used for spring sowing. Signed by Prime Minister Vladimir Putin, the regulation is likely to increase the number of voters thankful to him in rural areas. The discount that companies like Rosneft, LUKoil and TNK-BP have committed to in past years was 10 percent of the retail price. It cost them 17 billion rubles ($548 million) last year, according to Interfax. The tripling of the discount takes place on the background of recent public...

... surprise, but she suggested that retail investors not participate in big equity sales directly in the future, but rather through mutual investment funds or institutional investors. Nabiullina, who wasn’t present at the forum, also said Sberbank and Rosneft, which also carried out a people’s IPOs in 2007, don’t need to buy back their equity. “The share price of Sberbank and Rosneft is above the offering price, they have no such problem,” she told journalists, RIA-Novosti reported...

Rosneft increased net income by 7.7 percent in the fourth quarter from $2.78 billion to $2.99 billion, the company said Friday. (Bloomberg) Gunvor Group has no plans to acquire Kuzbassrazrezugol, a spokesperson for Gunvor said Friday. (Bloomberg) Nordgold...

... against BP Russian Investment, BP and board members of TNK-BP Holding. Prokhorov sought to recover 496 billion rubles ($16 billion) in lost profits to TNK-BP allegedly incurred by the company due to nonparticipation in the potential Arctic deal with Rosneft. (MT)

... students. "The main thing is that our cultural code isn't broken and bad language isn't used. The fact that a discussion is taking place, that society is forming — that's very good." He also told the students that it was possible that Rosneft and Gazprom Neft could become sponsors of their local football club, called Tom, as long as the structure of the sponsorship is transparent. "[The companies] are ready to come to the event tomorrow to work with leaders of the region and the...

... Nasional, Indian Oil Corp. and Oil India Ltd., will start production at the Carabobo 1 block in August and reach output of 35,000 bpd in December, Ramirez said. The Consorcio Nacional Ruso is a venture with Gazprom, Surgutneftegaz, LUKoil, TNK-BP and Rosneft. OPEC listed Venezuela's production at 2.37 million bpd in December, according to the oil cartel's January Oil Market Report. 179743

... Shosse from Belorussky Station and lies just a few hundred meters from the driveway to Vladimir Putin's Novo-Ogaryovo residence. The neighborhood also boasts a business center, an Uzbek restaurant and a vast imitation Byzantine church complex built with Rosneft funding that opened last year. A 3D theater is under construction opposite the station. The Russian Railways spokesman said the trains expected to serve "middle-class passengers," but some experts expressed bewilderment at the choice...

... commodity exchanges will begin this year. Oil products in Russia will retail at an "absolutely" market price through a "very transparent" system by the end of 2012, Artemyev promised. According to the agency's data, state-owned Rosneft traded the most on domestic exchanges last year. But Artemyev warned that there was no compulsion to do so and all oil companies had abruptly moved away from public trading during the supply crisis. 418277 179742

... department of the Russian Federal Tax Service, which currently has about 50 staff members and is most likely to focus on the major players. Nevertheless, such Russian business giants as Gazprom, Russian Railways, Norilsk Nickel, RusAl, TNK-BP, LUKoil, NLMK, Rosneft and IDGC Holding are expected to form a consolidated group of taxpayers (CGT). The prices of transactions concluded between the companies within a CGT will not be subject to control as expressly stated in the law. The challenges of enhanced control...

... presented by older oil fields — or brownfields — are particularly acute for Russian oil majors. Almost 90 percent of TNK-BP's production comes from brownfield sites. Other companies such as Surgutneftegaz, LUKoil and, to a lesser extent, Rosneft also have significant dependency on aging fields. But analyst Davletshin singled out the efficiency of TNK-BP's approach. "There is a strong link with economics," he said. "In other companies, most of the upstream is in the hands...

... embezzling $4 billion connected to the construction of a $25 billion pipeline, allegations the firm has denied. According to the latest schedule, the government’s stake is 78.1 percent, and it aims to sell 3.1 percent (minus one share) by 2017. Rosneft The country’s largest oil company is already listed following its bumper $10 billion initial public offering in 2006, and the state now wants to sell its remaining shares. The state owns 75.1 percent and aims to sell 25 percent (minus one...

... Poland's gas contract last year at terms very favorable to Warsaw. Amy Myers Jaffe, an energy policy expert at the Baker Institute at Houston's Rice University, sees rival gas sources as a factor behind Russia's April deal with Exxon in which state-run Rosneft brought in the U.S. giant to accelerate its development of deepwater Arctic oil and gas. Other analysts say Poland and other rivals were not a factor in that deal. A Baker Institute report showed that Russia's market share of European gas fell...