Rosneft

ROSNEFT OIL COMPANY: Sale of 5% in Vostok Oil to a Consortium of Vitol and MME

Thursday, October 14, 2021 - 2:29pm

Ltd. (75% - Vitol, 25% - MME) have closed a deal to sell a 5% stake in the authorized capital of Vostok Oil LLC.

Key Points: 
  • Ltd. (75% - Vitol, 25% - MME) have closed a deal to sell a 5% stake in the authorized capital of Vostok Oil LLC.
  • The energy for Vostok Oil is expected to be supplied mainly via using assotiated pteroleum gas and wind generation.
  • The plan is that by 2030 the oil production at Vostok Oil will make up to the tune of 100 million tons.
  • In August, Rosneft commenced autumn navigation on the River Yenisei to deliver cargoes to Vostok Oil sites.

ROSNEFT OIL COMPANY: EGM Results

Friday, October 1, 2021 - 2:46pm

Rosneft's Extraordinary General Meeting of Shareholders was held on September 30, 2021 in the form of absentee voting.

Key Points: 
  • Rosneft's Extraordinary General Meeting of Shareholders was held on September 30, 2021 in the form of absentee voting.
  • The decision allows to allocate 50% of IFRS net consolidated income attributable to the Company's shareholders as dividends.
  • Thus, for H1 2021 Rosneft will distribute the total amount of 191 billion rubles as dividends.
  • We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

ROSNEFT OIL COMPANY: Financial results for 2Q 2021 and 1H 2021

Friday, August 13, 2021 - 9:04am

Commenting on 1H 2021 financial results Rosneft's Chairman of the Management Board and Chief Executive Officer Igor Sechin said:

Key Points: 
  • Commenting on 1H 2021 financial results Rosneft's Chairman of the Management Board and Chief Executive Officer Igor Sechin said:
    "In the reporting period, despite all the challenges stemming from the COVID-19 pandemic, we managed to ensure continuity of our business and demonstrated strong financial and operating results.
  • As part of implementation of the flagship Vostok Oil project in the Krasnoyarsk territory, Rosneft launched construction of the main infrastructure facilities.
  • Capital expenditures amounted to RUB 237 bln in 2Q 2021, and RUB 462 bln in 1H 2021 which is 25.9% higher compared to 1H 2020.
  • Free cash flow amounted to RUB 505 bln (USD 6.9 bln) in 1H 2021, a 2.5-fold increase y-o-y.

Udmurtneft celebrates 15 years under management of Rosneft and Sinopec

Friday, July 23, 2021 - 12:52pm

MOSCOW, July 23, 2021 /PRNewswire/ -- JSC Udmurtneft celebrates 15 years of joint operation under the management of Rosneft and China Petrochemical Corporation, Sinopec.

Key Points: 
  • MOSCOW, July 23, 2021 /PRNewswire/ -- JSC Udmurtneft celebrates 15 years of joint operation under the management of Rosneft and China Petrochemical Corporation, Sinopec.
  • Over 15 years of collaboration of Rosneft and Sinopec, the company has produced over 91 million tons and drilled more than 1,200 new wells.
  • In2016, the company implemented the Energy Management System meeting the requirements of the international standard ISO 50001:2018 "Energy Management System".
  • Udmurtneft is an example of successful cooperation of Rosneft and Sinopec that contributes to strengthening strategic energy partnership relations between Russia and China.

ROSNEFT OIL COMPANY: Completion of Dividends Payment for 2020

Friday, July 16, 2021 - 1:51am

On July 14, 2021, Rosneft completed dividends payment for 2020 approved by the Annual General Shareholder Meeting (AGM) of Rosneft Oil Company on June 1, 2021.

Key Points: 
  • On July 14, 2021, Rosneft completed dividends payment for 2020 approved by the Annual General Shareholder Meeting (AGM) of Rosneft Oil Company on June 1, 2021.
  • Total dividends payment amounted to 73,535.05 million rubles.
  • At the same time, dividends payment to the shareholders listed on the Company's shareholder register were made ahead of schedule approved by the Annual (based on the results of 2020) General Shareholder Meeting (AGM) of Rosneft Oil Company.
  • At AGM on June 1, 2021, Rosneft shareholders resolved to allocate 73.55 billion rubles (6 rubles 94 kopecks per one issued share) for the payment of dividends for 2020, which corresponds to 50% of the Company's IFRS net profit attributable to the shareholders of Rosneft.

ROSNEFT OIL COMPANY: Report on Payments to Governments for 2020

Wednesday, June 30, 2021 - 9:00am

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • Rosneft Oil Company ("Rosneft", or "the Company") today publishes the Report on Payments to Governments for the year 2020.
  • The Company has prepared the report in accordance with DTR 4.3A of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority and in compliance with the Reports on Payments to Governments Regulations 2014.

Igor Sechin Presents Keynote Speech at SPIEF's Global Energy Transformation Panel

Monday, June 7, 2021 - 4:00am

MOSCOW, June 7, 2021 /PRNewswire/ -- Igor Sechin, Chief Executive Officer of Rosneft, delivered a keynote speech at the Energy Panel "Transformation of the Global Energy Sector" at the XXIV St. Petersburg International Economic Forum.

Key Points: 
  • MOSCOW, June 7, 2021 /PRNewswire/ -- Igor Sechin, Chief Executive Officer of Rosneft, delivered a keynote speech at the Energy Panel "Transformation of the Global Energy Sector" at the XXIV St. Petersburg International Economic Forum.
  • The head of Rosneft presented a detailed analysis of the global economy in the context of the pandemic and drew the attention of the energy panel to the underestimation by market participants of the risks of global instability.
  • The world runs the risk of facing an acute deficit of oil and gas," Igor Sechin said.
  • "We are ready to share the success story and welcome Western and Eastern partners, equipment and service providers with their best practices," said Igor Sechin.

Igor Sechin Presents Keynote Speech at SPIEF's Global Energy Transformation Panel

Monday, June 7, 2021 - 4:00am

MOSCOW, June 7, 2021 /PRNewswire/ -- Igor Sechin, Chief Executive Officer of Rosneft, delivered a keynote speech at the Energy Panel "Transformation of the Global Energy Sector" at the XXIV St. Petersburg International Economic Forum.

Key Points: 
  • MOSCOW, June 7, 2021 /PRNewswire/ -- Igor Sechin, Chief Executive Officer of Rosneft, delivered a keynote speech at the Energy Panel "Transformation of the Global Energy Sector" at the XXIV St. Petersburg International Economic Forum.
  • The head of Rosneft presented a detailed analysis of the global economy in the context of the pandemic and drew the attention of the energy panel to the underestimation by market participants of the risks of global instability.
  • The world runs the risk of facing an acute deficit of oil and gas," Igor Sechin said.
  • "We are ready to share the success story and welcome Western and Eastern partners, equipment and service providers with their best practices," said Igor Sechin.

ROSNEFT OIL COMPANY: AGM Results

Wednesday, June 2, 2021 - 1:08pm

Rosneft shareholders approved the dividends at 73.55 bln rubles for 2020, which is 50% of the Company's IFRS net profit attributable to Rosneft Oil Company shareholders.

Key Points: 
  • Rosneft shareholders approved the dividends at 73.55 bln rubles for 2020, which is 50% of the Company's IFRS net profit attributable to Rosneft Oil Company shareholders.
  • The owners of 91.4% of Rosneft shares took part in the meeting.
  • The meeting approved the annual report, accounting statements and distribution of Rosneft net profit for 2020.
  • We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

ROSNEFT OIL COMPANY: Operating Results for Q1 2021

Friday, May 14, 2021 - 9:00am

IN A COMPARABLE PERIMETR, DAILY LIQUIDS PRODUCTION GROWTH AMOUNTED TO 1% QOQ\n1Q 2021 GAS PRODUCTION AMOUNTED TO 14.98 BLN CUBIC METERS.

Key Points: 
  • IN A COMPARABLE PERIMETR, DAILY LIQUIDS PRODUCTION GROWTH AMOUNTED TO 1% QOQ\n1Q 2021 GAS PRODUCTION AMOUNTED TO 14.98 BLN CUBIC METERS.
  • At end of 2020, Rosneft sold a number of low-margin assets in order to improve the quality of the Company's portfolio.
  • As of the end of April 2021, the Vostok Oil project comprised 52 license areas, within the boundaries of which there are 13 discovered hydrocarbon fields.\nIn 1Q 2021, 500 sq.
  • YoY).\nIn 1Q 2021, crude oil supplies to non-CIS countries amounted to 22.1 mln tonnes.