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Rosneft

MOSCOW (Reuters) - Russia's largest oil producer Rosneft and India's top refiner Indian Oil Corp have signed a term agreement to substantially increase oil supplies and diversify oil grades delivered to India, Rosneft said on Wednesday.

Updated On: 29 Mar 2023 | 11:18 PM IST

The German government says it is taking control of Russian oil giant Rosneft's subsidiary in Germany, citing the need to ensure continued operations at three oil refineries in the country. The Economy Ministry said in a statement on Friday that Rosneft Deutschland GmbH and RN Refining and Marketing GmbH will be put under the control of Germany's Federal Network Agency. The agency will also control the companies' shares in three refineries: PCK Schwedt, MiRo and Bayernoil. Rosneft accounts for about 12 per cent of Germany's oil refining capacity, it said. The ministry said the move would help ensure continued energy supplies and is initially due to last for six months.

Updated On: 16 Sep 2022 | 2:18 PM IST

Further investigation in the matter is on

Updated On: 13 Sep 2022 | 2:56 PM IST

The company said the remuneration proposed to be paid to the independent directors is comparable with the remuneration being paid for similar assignments in the industry

Updated On: 11 Sep 2022 | 8:15 PM IST

Indian refiner Nayara Energy, partly owned by Russian energy giant Rosneft, plans to fully shut its 400,000 barrels per day Vadinar refinery for about a month from November for routine maintenance

Updated On: 07 Sep 2022 | 1:26 PM IST

Nayara per se has not been sanctioned as part of the international response to what Russia calls its 'special military action' against Ukraine but sanctions are in place against Rosneft.

Updated On: 25 Aug 2022 | 12:34 AM IST

NEW DELHI (Reuters) - India's Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.

Updated On: 13 Aug 2022 | 6:44 AM IST

Rosneft has started production drilling at the Payakhskoye field on the Taimyr Peninsula. The Russian energy company plans to drill about 80 wells there by the end of this year

Updated On: 01 Aug 2022 | 2:55 PM IST

An invoice seen by Reuters shows the bill for supplying oil to one refiner is calculated in dollars while payment is requested in dirhams.

Updated On: 18 Jul 2022 | 9:21 PM IST

The tax on firms that have increased product exports to gain from higher overseas margins took effect on July 1, as the government moves to boost domestic supply and revenue

Updated On: 04 Jul 2022 | 11:58 AM IST

State processors are collectively working on finalising and securing new six-month supply contracts for Russian crude to India, said people with knowledge of the companies' procurement plans

Updated On: 07 Jun 2022 | 2:00 AM IST

Brent crude was up $1.83, or 1.6%, at $117.46 a barrel as of 11:56 a.m. EDT (1556 GMT). U.S. West Texas Intermediate crude gained $1.77, or 1.6%, to $116.45.

Updated On: 01 Jun 2022 | 10:11 PM IST

"With the war, the chances of a Western company buying a stake in Nayara looks difficult. They may have to look for Indian equity partners," said a banker.

Updated On: 23 May 2022 | 6:10 AM IST

ONGC subsidiary OVL derives significant value from its oilfields in that country

Updated On: 03 May 2022 | 6:10 AM IST

Lower rating by Care follows concerns over Rosneft's support to the Indian company after Russia invaded Ukraine and western countries imposed sanctions on the Russian entities

Updated On: 15 Apr 2022 | 11:37 PM IST

HDFC Bank and international banks such as Citibank, JP Morgan, Deutsche Bank and Japan's Mitsubishi UFJ Financial Group have stopped opening and confirming Letters of Credit, say sources

Updated On: 12 Apr 2022 | 1:10 AM IST

The European Union formally approved on Tuesday a new barrage of sanctions against Russia for its invasion of Ukraine, which include bans on investments in the Russian energy sector, luxury goods expo

Updated On: 15 Mar 2022 | 2:57 PM IST

Industry sources were of the view that sanctions may have some impact on the long-term operations and also the investment ability of the company in India

Updated On: 01 Mar 2022 | 6:04 AM IST

BP said Sunday it is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia's invasion of Ukraine.

Updated On: 28 Feb 2022 | 7:54 AM IST

NEW DELHI/SINGAPORE (Reuters) - Trafigura is preparing to sell its 24.5% indirect stake in an Indian oil refining joint venture with Russia's Rosneft to an Italian group, a letter seen by Reuters shows and people familiar with the commodity trading firm's plans said.

Updated On: 16 Nov 2021 | 11:23 PM IST