Sanctions against Rosneft Trading are Washington's political signal not only to individual companies, but to Russian policy and relations with Venezuela in general
The US Office of Foreign Assets Control of the US Department of the Treasury (OFAC) imposed sanctions on ...
... the current domestic political situation. Prior to the Syrian campaign of 2015, which was assumed to mark Russia’s active return to the Middle East, the Government of Iraq had already signed large contracts with LUKOIL, Gazprom Neft and Bashneft. Rosneft made its dynamic and massive entry into Iraq following the improvement of the security in the country and on the back of Russia’s growing political capital in the Middle East.
Sanctions against Iran as a Stimulus for Iraq
Viktor Katona, Ruslan ...
V. Katona discussed the hydrocarbon market, which stands among the most important topics of contemporary economic discourse, with a focus on Russia’s position and development.
On June 26, 2017
Viktor Katona
, Oil Supply Specialist at the largest Hungarian oil and gas company MOL Group and Russian International Affairs Council (RIAC) expert, held a lecture titled “Not Only Oil: The Hydrocarbon Market in the Era of Change” at the Library on Argunovskaya.
V. Katona discussed the hydrocarbon market...
... without such restrictions imposed against the Russian oil and gas sector, many of the projects from the sectoral list were going to be frozen in 2014-2016 for being unprofitable, for example, drilling in the East-Prinovozemelsky field in the Kara Sea (Rosneft and
ExxonMobil
project) and feasibility assessment of the Domanic deposits commercial development with Rosneft’s license blocks in the Samara region (
joint project with Statoil
) etc.
RIAC Policy Brief.
Arctic Oil and Gas Resource Development: ...
... discovered there. This makes Egypt drift away from the image of being a state doomed to be a net energy importer, to that of a country with exporting potential.
Where is Russian Business?
Russian business is not staying on the sidelines. In December 2016, Rosneft announced an unexpected
deal
of buying a 30% share in the Shorouk block, which includes Zohr field.
Before that, only Lukoil expressed interest in investing in upstream projects in Egypt, where it had already had some investment in oil and gas ...
... Russia in early January, Moscow and Doha’s rhetoric began to change. In September 2016, the two nations signed a military cooperation agreement followed by a far more important development: the purchase of a 19.5% stake in the state-owned oil major Rosneft by the Qatar Investment Authority and Glencore. These events may appear to herald a new age in Russia–Qatar relations, but in fact, the picture is not as simple. What follows is an attempt to shed a little light on the Russia–Qatar ...
Big Business – Serious Consequences
On February 23, 2016 the European General Court (EGC) in Luxembourg started hearings in the so-called sanctions case of Russia’s OJSC Rosneft against the EU Council. What role does this case play in the EU’s system for sanctions policy? When and why was the lawsuit filed? What are the prospects for its consideration amidst the sanctions war between the West and Russia?
The basic ...
... percent to 57.32 billion cu. m, its share in
domestic supplies growing from 14.3 to
16.3 percent
In 2012, Novatek raised its gas production by 7.1 percent to 57.32 billion cu. m, its share in domestic supplies growing from 14.3 to 16.3 percent
[5]
. Rosneft brought its gas production to 16.39 billion cu. m, i.e. 28.1 percent more than in the previous year. However, Rosneft’s increase in production is primarily coming from the JV with Itera
[6]
. In 2013, Rosneft plans to produce 41 billion ...
... logo "Always Moving Forward". Moreover, in the last decade, LUKoil has shown a steady upward trend in the respected Platts Top 250 Majors Ranking, where today it ranks 11th. It is quite a remarkable rank considering that it is directly below Rosneft and near to 5th placed Gazprom. It shows that gigantomania is not key to success as efficiency still strikes true, with 10th ranked Rosneft not performing much better even though it is now the worlds biggest oil company by output. An interesting ...
... strained development. Like the 10 year dispute amid TNK-BP, Interros, Gazprom and other stakeholders, but a light at the end of the tunnel seems nearer as Russian politicians have stepped into to resolve some of the issues. Also, TNK-BP acquisition by Rosneft naturally resolves some of the long-lasting disputes. As the below map illustrates the extent of underdevelopment is quite obvious, particularly if compared to the European part of Russia. It is not surprising, since USSR and China have fell into ...