EMerging Equity
Rosneft
India To Get Almost 50% Stake In Rosneft’s Siberian Oil Project
Russia’s top crude producer Rosneft has agreed to sell Indian state firms a nearly 50 percent stake in its oil field in Siberia, the company announced on Wednesday. Under the agreement India’s state Oil and Natural Gas Corporation will increase its stake in Rosneft’s Vankor project to 26 percent with Oil India, Bharat Petroresources and … Continue reading
Russia And China Continue To Forge Energy Ties
By Ante Batovic The Russian pivot to Asia continues with a $2.2. billion deal between energy giant Gazprom and the Chinese National Bank. The loan will help the Russian natural gas monopolist to finance its large infrastructural projects including the Power of Siberia, Northern and Turkish Stream pipelines. Since the introduction of Western sanctions in 2014, … Continue reading
Russia Invests $500 Million In Venezuela’s Orinoco Before Oil Hits $200
Russian company Rosneft plans to invest $500 million in the development of oil fields in the Orinoco oil belt in Venezuela. The agreement on additional investment was signed on Friday night, Feb. 19, in the presence of the President of the Bolivarian Republic Nicolas Maduro, Venezolana de Television TV channel said. “According to the law … Continue reading
Rosneft Chief Sechin, Kremlin Ally, Suggests Joint Oil Output Cut
The head of Russia’s state oil company for the first time suggested oil producers should cut output to prop up plummeting oil prices. Rosneft chief executive Igor Sechin, a close ally of President Vladimir Putin, told a conference in London on February 10 that major producers should cut production by 1 million barrels a day … Continue reading
OPEC, Russia And The Emerging New World Order
By F. William Engdahl By the day it’s becoming clearer that what I have recently been saying in my writings is coming to be. The OPEC oil-producing states of the Middle East, including Iran, through the skillful mediation of Russia, are carefully laying the foundations for a truly new world order. The first step in testing … Continue reading
The Military Gambit Behind Putin’s Arctic Ambitions For Russian Oil
By James Henderson The United States Geological Survey has estimated that the Arctic regions contain around 130 billion barrels of liquids and 47 trillion cubic metres of gas, equivalent to 22% of the world’s undiscovered hydrocarbon resources. It is hardly surprising then that all the countries whose coasts encircle the region, the US, Canada, Greenland, Norway … Continue reading
Russia’s Energy Profile: Analysis Of The World’s Largest Crude Oil Producer
By EIA Russia is the world’s largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas. Russia also produces significant amounts of coal. Russia’s economy is highly dependent on its hydrocarbons, and oil and natural gas revenues account for more than 50% of the federal budget revenues. Russia is … Continue reading
Russia, Venezuela Agree On $14 Billion Oil And Gas Investment Deal
Venezuelan President Nicolas Maduro says his country has reached an agreement with Russia which will bring $14 billion in investment to its oil and gas sector over the next few years. The agreement was reached between the Venezuela’s state oil firm, PDVSA (Petroleos de Venezuela) and the Russia’s oil giant Rosneft, following talks in Caracas, between Maduro, the president of … Continue reading
Russia’s Rosneft To Invest $500 Billion In Arctic Exploration Over 25 Years
The Russian energy giant’s investments in the Arctic region’s development may reach $500 billion in the next 20-25 years, Energy Minister Alexander Novak said Friday. By Sputnik News Russian energy giant Rosneft will invest some $500 billion in the exploration of the Arctic over the next 20-25 years, Russian Energy Minister Alexander Novak said Friday. “Rosneft alone will … Continue reading
Russia’s Rosneft Says It Can Weather $30 Oil
Plunging oil prices, even as low as $30 per barrel, won’t offset the world’s largest-listed oil company, Rosneft’s investment and development plans, according to the company’s VP. “The company can weather $30 per barrel prices, but problems with the Russian budget will arise,” Rosneft Vice president Viktor Ishayev told reporters at a press conference in Khabarovsk. … Continue reading
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