Rosneft
Solvay and Sibur to produce oil field process chemicals The Russian petrochemical company SIBUR and the Belgium chemical group Solvay signed Heads of agreement in London to produce jointly surfactants and oil field process chemicals. According to the agreement, SIBUR and Solvay Novecare will create a 50/50 joint venture called RusPAV. The joint venture RusPAV should […]
Largest petrochemical company in Russia and CIS The Siberia Urals Petrochemical Company (SIBUR) was established by Decree as a joint-stock company in 1992. SIBUR was formed from multiple entities processing oil, gas and petrochemicals across Russia. In 2001, SIBUR was taken over by Gazprom to resolve debts reorganize the company. In 2008, Gazprom considered the petrochemical […]
Schlumberger to deploy horizontal drilling in Russia TNK-BP from Russia and the French-American oil field service company Schlumberger signed a cooperation agreement to develop solutions for hard-to-recover oil and gas reserves. To implement this agreement, TNK-BP and Schlumberger selected the Severo-Khokhryakovskoe field in Western Siberia. The purpose of this agreement is to enhance the oil recovery […]
Harness natural energy resources for human benefit In 1991, the Russian Government published the decree to establish the Langepas Uray Kogalymneft Petroleum Corporation. In 1993, the Langepas Uray Kogalymneft Petroleum Corporation was transformed in open joint stock company under the name of Lukoil Oil Company. Today, Lukoil is listed in London Stock Exchange with the capital dominantly […]
Rosneft to buy TNK-BP from BP and AAR for $55 billion On Monday 22nd, 2012, Rosneft makes double win over the TNK-BP internal disputes between its key stakeholders BP and Alfa-Access-Renova (AAR) in closing deal with both parties to take over their respective 50% shares. On Monday morning BP and Rosneft signed Heads of Terms […]
PDVSA and Russians to pump $25 billion in Orinoco In September 2012, the national oil company Petroleos De Venezuela SA (PDVSA) and a Russian National Petroleum Consortium LLP (NPC) made of Gazprom, Rosneft, Lukoil, TNK-BP and Surgutneftegas, inaugurated PetroMiranda first oil in the Venezuela Orinoco. PetroMiranda is a joint venture created between PDVSA and Russian […]
Rosneft and Gazprom signed Cooperation Agreement Gazprom and Rosneft used the opportunity of the XI International Investment Forum in Sochi, Russia, to sign a Cooperation Agreement for the joint pre-development of the offshore oil and gas fields located in the Russia Continental Shelf (RCS). The exploration and production within the Continental Shelf (CS) of each […]
Gazprom pursues the strategic objective of establishing itself as a leader among global energy companies Home based in Russia, Gazprom is 50,002% state owned company, thus operating as a national oil and gas company. The other 50% shares are traded in Moscow, London, Berlin and Frankfurt stock exchanges in the form of American Depositary Receipts. On this floating […]
