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shrinking margin

Russian State Oil Giant Rosneft Profit Falls After Sanctions

Western powers have imposed a raft of sanctions against Russia, including a price cap on its crude, over the conflict in Ukraine.

second blast in weeks

2 People Killed in Explosion at Siberia’s Largest Oil Refinery

Two workers were killed in a powerful blast at the largest oil refinery in Siberia, authorities said Thursday, in the second such incident in recent...

seized subsidiaries

Russia's Rosneft Reports $889Mln Loss from Assets 'Transfer' in Germany

Russia's oil giant Rosneft said Wednesday its profit over the past nine months had been badly hit by the seizure of its German-based refineries by Berlin...

'sovereignty' of resources

Rosneft Head Sechin Slams EU’s Energy Price Cap

A Western cap on Russian energy prices destroys individual countries’ sovereignty and plays into the hands of the United States, Igor Sechin...

Germany Seizes Russia’s Rosneft Units to Ensure Energy Supplies

Rosneft is among the largest oil processing companies in Germany.

Austrian Ex-Minister Who Danced With Putin Quits Rosneft

Karin Kneissl made headlines when she danced with Putin at her 2018 wedding.

Ex-German Chancellor, Nord Stream CEO Resign from Rosneft

Gerhard Schroeder and Matthias Warnig are both long-term friends of Russian President Vladimir Putin.

monopoly challenged

Rosneft Told to Present Gas Export Proposal to Putin

The move comes as Europe grapples with record-high gas prices that some blame on Russia, which provides a third of all European gas.

Price 'super cycle'

Russia’s Rosneft Reports Profits Boost Amid Surging Energy Prices

The company has returned to profit this year as oil prices have rebounded following a dismal 2020 for the industry and global economy due to the pandemic...

international investment

Rosneft Sells 5% Stake in Arctic Oil Project to Commodity Traders

A consortium led by Switzerland-based Vitol will invest in the vast hydrocarbon project.

Rosneft Profit Up on Higher Oil Prices

The state-controlled company reported a second-quarter net profit 55% higher than that of the first quarter.

World Needs Russia’s 'Green' Oil, Rosneft Chief Sechin Says

Demand for Russian oil will rise in future despite global efforts to abandon fossil fuels, according to the head of the energy giant.

Austrian Ex-Foreign Minister Who Danced With Putin Gets Rosneft Board Seat

Karin Kneissl becomes the second former high-ranking European politician to join the Russian state-owned oil company’s board of directors.

Russian Billionaires, Rosneft Sue Over Book on Putin’s Rise – FT

“Putin’s People” centers on the rise of President Vladimir Putin and his relationship with wealthy oligarchs.

Austrian Ex-Minister Who Danced With Putin Gets Rosneft Nomination

Austria's former foreign minister has been nominated to the Rosneft board as an independent director.

Rosneft Posts 80% Profit Slump in Pandemic-Hit 2020

Oil giant managed to remain in the black for the year, while some foreign competitors posted losses.

Russia’s Rosneft Announces Start of Vast Arctic Oil Project

Russia's Arctic energy plans have been criticized by environmentalists.

'growing divide'

U.S., European Oil Majors Could Create Supply Crisis With Renewables Push – Russia’s Rosneft

Rosneft first vice president Didier Casimiro reportedly called the commitment to renewables an “existential threat.”

special souvenir

Rosneft Head Gifts Putin With Bottle of Arctic Oil

Simply fabulous quality, Rosneft leader Igor Sechin says as he gives the president a bottle of oil from his new Arctic project.

CORONAVIRUS RECESSION

Coronavirus Pandemic Rebalances Russia’s Corporate Landscape

Earnings season shows tech companies setting record-high share prices, and closing the gap on Russia’s energy giants.

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