RNFTF News and Press, Rosneft Oil Co OJSC From 05/16/22

Mixed EU energy policy headlines have circulated for weeks, as the continent attempts to institute a Russian oil import ban (USO), while encouraging continued natural gas flows (UNG). Over the weekend, and Monday, EU policy makers appeared to make some progress. Policy makers have drawn ...

BP (NYSE:BP) reported earnings ahead of the market open in London Tuesday, handily beating Street earnings expectations, generating very strong free cash flow, accelerating share buybacks, and flagging lowered Q2 upstream volumes:  Earnings - the Company generated 32c in adjusted earning...

Tuesday, Italy's Industry Minister announced plans to raise the topic of nationalizing a Lukoil-owned refinery based in Sicily when the Italian Cabinet meets Thursday. Wednesday, Economy Minister Robert Habeck said Germany is preparing to nationalize the Rosneft-owned (OTCPK:RNFTF) ...

Trafigura announced plans to stop buying crude (USO) from Russia's Rosneft (OTCPK:RNFTF) by May 15th, as pressure mounts to cut the Kremlin off from sources of foreign capital. The move follows an announcement by Vitol, whereby the commodity trader plans to "diminish significantly, in the sec...

China's state-run energy companies are in talks with Shell (SHEL) to buy stakes in Russian gas export projects, according to Bloomberg sources. CNOOC (OTCPK:CEOHF), PetroChina (PTR) and Sinopec (SNP) are in joint discussions to acquire Shell's (SHEL) 27.5% stake in the Sakhalin-2 LNG venture....

Thus far, considering the extent of geopolitical upheaval, Rosneft actually hasn't fared too badly. The possibility of sanctions on Russian energy is rising as the German chancellor is increasingly isolated within his own government. An in-depth look at the mechanics and governing...

In the case of pipeline supply disruption to Europe, Russia needs to look to alternative markets in Asia, given that it has no strategic petroleum reserve (SPR) system. Insufficient crude oil pipeline transmission capacity will limit how much additional oil Russia can send to mainland...

As of early 2022, four Russian oil companies were present in different onshore and offshore locations in several African markets. Overall, Russian players tend to act as operators in North Africa (Libya, Algeria, Tunisia), while they mainly act as partners in Sub-Saharan Africa (Ghana...

Shortly after war broke out in Ukraine, BP (BP) made the decision to exit the Company's ~20% stake in Rosneft (OTCPK:RNFTF). BP's (BP) first call was to Rosneft (OTCPK:RNFTF); since, Rosneft (OTCPK:RNFTF) has recommenced the Company's share buyback program, but provided no indicatio...

The Russian ruble is extending gains versus the dollar to the highest level since Feb 28, as the country's stock market gradually reopens after a near month-long suspension. As the Russian stock market regains some ground in the fourth session since trading resumed, the ruble is rising 4...