Rosneft Lays Out Spending, Export Plans
Rosneft Lays Out Spending, Export Plans

Rosneft Lays Out Spending, Export Plans

Rosneft Lays Out Spending, Export Plans

Russian oil major Rosneft plans to invest around 1.1 trillion roubles ($18.50 billion) in 2017 and 1.3 trillion roubles in 2018, Igor Sechin, the company's chief executive officer said. Sechin added that Rosneft plans to supply 31 million tons of oil to China and 2 million tons of oil to India in 2017. The Moscow-based company produced 210 million tons of oil in 2016, Reuters reported. Sechin also asked Russian President Vladimir Putin on Monday to receive the company's partners Glencore, Intesa and the Qatar Investment Authority (QIA), the Kremlin said. Trading house Glencore and the QIA recently became Rosneft shareholders in a multi-billion-dollar deal partly funded by Italian bank Intesa. Sechin said at a meeting with Putin on Monday that Rosneft was planning new projects with the three partners and they wanted to tell Putin about the prospects for those projects, the Kremlin said in a statement on its website. 

Short URL : https://goo.gl/qCkbko
  1. https://goo.gl/az8aju
  • https://goo.gl/V5DNrq
  • https://goo.gl/zuzcnC
  • https://goo.gl/NMZ0bn
  • https://goo.gl/kuDbG4

You can also read ...

Swap operations resumed earlier this month after a seven-year break.
Iran is ready to ramp up oil swap capacity after receiving the...
Iran is pinning hopes on the investment and know-how of foreign oil companies to enhance extraction rates.
The National Iranian Drilling Company has completed drilling...
Chinese Refinery Blaze Extinguished
A fire that broke out on Thursday at state oil major...
Citi Forecasts $40-60 Crude for Next 5 Years
Citibank's commodities research team has tempered its outlook...
Pertamina Reiterates Interest in Khuzestan Oilfields
The chief executive officer of Indonesia's state-owned oil and...
GE to Help Develop Biggest Wind Farm in Australia
GE has announced that it has entered into an agreement with...
Tavanir Urges Prudent Power Consumption
Hardwiring the culture of judicious electricity consumption in...
Major Gas Pipeline Launch in December
The construction of the 6th Iran Gas Trunkline (IGAT-6)–a...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.