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Montevideo, January 19th 2022 - 00:05 UTC

Tag: Igor Sechin

  • Tuesday, March 31st 2020 - 08:15 UTC

    Russia's oil giant Rosneft, yields to US pressure: ceases operations in Venezuela

    Rosneft is led by Igor Sechin, a long-term insider of Russian President Vladimir's inner circle

    Russian oil production giant Rosneft said it had ceased operating in Venezuela and transferred its assets to a company own entirely by the Russian government. The move is apparently intended to shield the company from US sanctions aimed at punishing entities that do business with the government of President Nicolas Maduro.

  • Thursday, December 8th 2016 - 19:01 UTC

    Russia sells 19.5% of Rosneft - ‘biggest privatization deal of 2016,’ says Putin

    Rosneft CEO Igor Sechin reached an agreement with private investors and a Qatari fund to sell 19.5% of shares

    Russian President Vladimir Putin labeled the sale of 19.5% of state-owned oil giant Rosneft's shares to the natural resource trader Glencore International and a Qatari sovereign wealth fund for over $11 billion was “the biggest sale and acquisition in the world’s oil and gas sector in 2016,” the official Kremlin website reported Wednesday.

  • Wednesday, February 11th 2015 - 15:31 UTC

    Arctic oil on life support

    The Anglo-Dutch company failed to achieve permits on time, had its drill ships run aground, and saw its oil spill containment dome “crushed like a beer can”

    Oil companies have eyed the Arctic for years. With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored.

  • Sunday, June 1st 2014 - 12:59 UTC

    Exxon, BP defy White House and extend partnership with Russia

    ”(They're) eager to continue work on projects in Russia,” Russia's Energy Minister Novak said of ExxonMobil and Shell

    Several of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. ExxonMobil and BP separately signed agreements with Rosneft – Russia's state-owned oil company – to extend and deepen their relationships for energy exploration.

  • Friday, June 21st 2013 - 16:41 UTC

    Russia to supply China 270bn dollars in oil on 25 year contract

    Rosneft will receive 70bn upfront, Russian President Vladimir Putin

    Russian state oil company Rosneft has agreed to double its oil supplies to China, in a deal worth 270bn dollars over 25 years. Under the terms of the deal, Rosneft will supply 300.000 barrels of oil a day to China starting in 2015.