Rosneft

Russia's Rosneft signs deal to boost oil supplies to Indian Oil Corp

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.

German government takes over subsidiary of Russian oil giant Rosneft

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.

ED arrests man for duping people on pretext of investment in oil company

Further investigation in the matter is on

Nayara Energy seeks Centre's approval on independent directors' pay

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

Nayara Energy plans to shut its Vadinar refinery for maintenance from Nov 1

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

Major traders, banks cut business ties with Russia-backed Nayara: Report

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.

Russia-backed refiner Nayara Energy posts record profit at $447.5 mn

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.

Rosneft begins production drill at Vostok Oil project's Payakhskoye field

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

Russia seeking oil payments from India in dirhams, shows document

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

India to drop windfall tax if oil prices fall $40 a barrel: Revenue Secy

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

India in talks to increase Russian oil imports from Rosneft: Report

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

Oil prices strengthen on EU's Russian oil ban, end of Shanghai lockdown

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.

Ukraine war, economic uncertainty delays Nayara Energy stake sale plan

"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.

How much value Russia is adding to ONGC subsidiary OVL's product basket

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

Ukraine war fallout: Nayara to pay higher interest after NCD downgrade

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

Some banks stop credit for oil imports by Rosneft-owned Nayara: Report

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

EU approves new round of Russia sanctions targeting energy, steel, defence

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

BP move to give up Rosneft stake may not impact Nayara Energy directly

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

BP exiting stake in Russian oil, gas company Rosneft over Ukraine invasion

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.

Trafigura plans to exit Rosneft Indian refining JV, says report

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.