Support The Moscow Times!

Rosneft Refinery Stake Talks

Rosneft is in talks to buy stakes in four German refineries, The Wall Street Journal reported Friday, citing sources it said were familiar with the matter.

The talks include buying the half of Ruhr Oel that Venezuela’s Petroleos de Venezuela owns for as much as $2 billion, the paper said. BP owns the other half and has the right to block a sale, which it will waive in exchange for concessions in the Russian shelf in the Arctic Ocean, the paper said. 

(Bloomberg)


Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.