Rosneft and CNPC signed an additional agreement entailing an increase of oil supplies via Kazakhstan and an extension of the existing contract between the parties. Under the agreement, oil supplies will total 91 mmt over a period of 10 years.91 mmt total oil suppliers under the agreement within 10 years
Rosneft completed the sale of the 12% stake in Saras S.p.A. to institutional investors. Following the sale of the remaining stake, Rosneft fully divests from Saras S.p.A.
A Rosneft Group company began drilling the first exploration well at Block 12 in the Republic of Iraq.
Rosneft and the Iraqi Kurdistan Regional Government signed an agreement on cooperation in upstream, infrastructure, logistics, and trading of hydrocarbons. As part of the agreement, the parties signed a purchase contract to supply oil to Rosneft over the 2017–2019 period.
Rosneft announced the results of the mandatory offer to purchase ordinary shares from Bashneft’s minority shareholders.
Rosneft began drilling the Central Olginskaya-1 well at the Khatangsky license area, the northernmost well on the Eastern Arctic shelf.
Rosneft closed a deal to acquire a 100% stake in the Kondaneft project. According to the results of an international audit of reserves conducted by DeGolyer & MacNaughton, the Kondinskoye group of fields holds 157 mmt of oil reserves (2P).
Rosneft’s Board of Directors recommended a final dividend for 2016 of RUB 5.98 per share, or 35% of the Company’s IFRS net profit for the year. Dividend payouts totaled RUB 63.4 bln.
Rosneft signed long-term contracts for the supply of tubular products from TMK and ChelPipe.
Rosneft and Venezuela’s PDVSA launched pilot production in the Orinoco oil belt through the Petrovictoria joint venture.
Rosneft and Beijing Gas Group Company Limited (the parent of Beijing Gas Group Company Limited) signed an agreement closing the deal to sell a 20% stake in Verkhnechonskneftegaz.
Rosneft won an auction to develop the Erginsky license area in the Khanty-Mansi Autonomous Area – Yugra, containing 103 mmt of C1+C2 oil reserves.103 mmt of C1 + C2 oil reserves in the Erginsky license area, the Khanty-Mansi Autonomous Area – Yugra
Rosneft successfully closed a strategic deal to acquire 49.13% in Essar Oil Limited (EOL) from Essar Energy Holdings Limited and its affiliates. Assets within the transaction scope include the Vadinar Refinery, which has a throughput capacity of 20 mtpa and a conversion rate of 95.5%.
Rosneft’s Board of Directors recommended a final dividend for 1H 2017 of RUB 3.83 per share, or 50% of the Company’s IFRS net profit. Payments totaled RUB 40.6 bln.49.13 % acquired Rosneft in Essar Oil Limited (EOL), the second largest Indian refinery ranking among the world’s Top 10 most complex refineries in terms of technology in 2017
At the Eastern Economic Forum, RN-Upstream and Statoil Russia AS signed a shareholders and operating agreement on the joint development of the North Komsomolskoye field whereby Statoil will acquire 33.33% in LLC SevKomNeftegaz.
Rosneft confirmed the discovery of the Centralno-Olginskoye field in the Khatanga Bay, containing over 80 mmt of oil reserves.
Rosneft and the Iraqi Kurdistan Regional Government signed documents to effect Production Sharing Agreements (PSAs) for five production blocks in the Kurdish Autonomous Region.
Rosneft’s subsidiary JSC Rosnefteflot signed contracts with LLC Zvezda Shipbuilding Complex for the construction of ten Arctic shuttle tankers, each with a capacity of 42 thousand deadweight tonnes.> 80 mmt of recoverable oil reserves at the Centralno-Olginskoye field in the Khatanga Bay
Rosneft commissioned a start-up complex at the Erginsky cluster in Western Siberia, which contains a total 256 mmt of AВ1С1+В2С2 oil reserves (as at 1 January 2018).
The world’s longest well was successfully drilled to completion by Rosneft, acting as a part of the Sakhalin-1 consortium. The well was drilled from the Orlan platform at the Chaivo field in the Sea of Okhotsk and has a total length of 15 thousand meters.
A federal law on amendments to the Russian Tax Code was adopted, providing investment incentives in the form of annual MET reductions of RUB 35 bln over 10 years for the Samotlor field since 2018.
Rosneft and Pertamina, Indonesia’s state oil and gas company, completed the establishment of a joint venture for the construction of the Tuban grass root refinery and petrochemical complex (TGRR) in Tuban, in the East Java province of Indonesia.
Rosneft’s Board of Directors approved the Rosneft-2022 Strategy aimed at quantum changes in the Company's business by introducing advanced management approaches and new technologies while increasing returns on the Company’s existing assets.
As part of the Zohr field development, Rosneft began gas production as an international consortium member. The project is implemented as a joint concession with Italy’s Eni S.p.A. (60%) and UK’s BP (10%). With in-place gas reserves of about 850 bcm, Zohr is one of the largest gas field in the Mediterranean.
Bashneft’s Board of Directors approved the terms of out-of-court settlement with Sistema.