Drone crashes into oil depot in Russia’s Stavropol Region
Vladimir Vladimirov, the local governor of Stavropol in southern Russia, said that a drone had crashed on an oil storage depot. This was the second suspected Ukrainian strike in a row on Russian energy and fuel targets. It followed a period of seven weeks after a fuel station in Tula, Russia was attacked on September 10. Vladimirov, on Telegram, said that there were no injuries in the incident at Svetlograd Oil Depot. Baza Telegram, a channel close to Russia's Security Services, has posted a CCTV footage purportingly showing the attack at the oil depot.
Sistema: Detsky Mir Stake Sale Cancelled
Russian business conglomerate Sistema said on Wednesday the offering of Detsky Mir shares had been cancelled, after its stake in the country's largest toy retailer was frozen by court at the request of Rosneft. "Due to investor concerns triggered by hostile actions initiated by Rosneft and Bashneft resulting in court injunctions and arrest of all Sistema's shares in Detsky Mir, the previously announced offering can not be completed," it said in a statement.
Sistema: Rosneft Lawsuits Merely Offset Bashneft Costs
Russia's Sistema said on Thursday state oil company Rosneft was using lawsuits against the conglomerate to offset the cost of Rosneft acquiring mid-sized oil company Bashneft. The company has had no talks with Rosneft about an amicable settlement of the legal dispute, a spokesman for Sistema said, after Rosneft filed a new, $2.2 billion claim for damages against Sistema. "There've only been ultimatums by the claimant to pay the sum in full, which certainly cannot be considered as a constructive position and readiness for an amicable agreement…
Sistema to Pay Rosneft $2.3 Bln in Damages
A Russian court ruled on Wednesday that conglomerate Sistema should pay more than 136 billion roubles ($2.3 billion) to oil major Rosneft in a dispute over oil producer Bashneft. Sistema controlled Bashneft until 2014 when the government seized its stake, saying Bashneft's privatisation had been illegal. Rosneft bought a controlling stake in Bashneft from the government in 2016 and in May filed the lawsuit seeking compensation from Sistema, saying assets were removed from Bashneft. Sistema has rejected these claims as groundless.
Rosneft Files Lawsuit Against Sistema
Russian oil major Rosneft filed a lawsuit on Tuesday seeking 106.6 billion roubles ($1.87 billion) from business conglomerate Sistema over assets Rosneft says were removed from oil company Bashneft, Russian news agencies reported. Rosneft bought a controlling stake in Bashneft last year from the Russian government in a multibillion-dollar deal. Bashneft had been controlled by Sistema, but the government seized Sistema's stake in Bashneft in 2014 because it said Bashneft's privatisation had been illegal.
Rosneft Sends Oil to Hungary, Slovakia with Glencore's Help
Russia's biggest oil producer Rosneft has started supplying oil to Hungary and Slovakia with Glencore, expanding into new markets after recent acquisitions, three industry sources told Reuters on Friday. Rosneft declined immediate comment. The company is supplying Urals crude oil via the Druzhba pipeline, the sources said. Glencore recently became a Rosneft shareholder after it acquired, together with a Qatari fund, 19.5 percent in the Kremlin-controlled producer.
Russian December Oil Output at Record Highs
Oil output at 11.21 mln bpd, flat m/m; Russia to cut output gradually in H1 2017. Russian oil production in December stood unchanged at 11.21 million barrels per day (bpd), flat month on month and at its highest in almost 30 years, energy ministry data showed on Monday. Russia is preparing to cut output by 300,000 bpd during the first half of 2017 as a part of a global pact with OPEC aimed at rebalancing the market. Oil prices ended at $56.82 last year, more doubling from lows hit early last year.
Russia's Lukoil co-owner won't rule out stake sale to Rosneft
Leonid Fedun, a major shareholder and vice president at Russia's No.2 oil producer Lukoil, has not ruled out selling his stake to Kremlin-controlled Rosneft, RBC newspaper reported on Saturday. Fedun, who owns little less than 10 percent in the company, told the newspaper that "in theory" Rosneft may acquire Lukoil. "You know, never say never. If they came to you and say ... we offer you $100 billion for your company. Who would refuse it? I, personally, don't," he is quoted as saying.
Rosneft submits draft Bashneft buyout offer to regulator
Rosneft has sent a draft mandatory offer to the central bank to buy the shares it does not already own in oil firm Bashneft, the Russian energy company said in a regulatory statement released late on Friday. State-controlled Rosneft is seeking government approval to buy up to 100 percent of Bashneft after acquiring a controlling stake this month for 330 billion roubles. The company will spend no more than 206 billion roubles ($3.27 billion) on the buyout of 55.5 million ordinary shares in Bashneft, it said in a separate statement.
Putin: Rosneft's Purchase of Bashneft to Boost Privatization Effect
Russia's privatization drive will be more efficient after the country's largest oil producer Rosneft purchases a state stake in mid-sized oil firm Bashneft , President Vladimir Putin said on Wednesday. Speaking at an economic forum, Putin said that now a 19.5 percent stake in Rosneft could be sold to private foreign investors. The Russian government asked Rosneft board to approve the purchase of a 50.1 percent stake in Bashneft for a price not higher than 330 billion roubles ($5.3 billion).
Rosneft Won't Sell Forex, Has Funds to Buy Bashneft Stake
Russia's top oil producer Rosneft will not sell foreign currency to buy a controlling stake in mid-sized oil company Bashneft and already has sufficient funds for the deal, Russia's Interfax news agency reported on Friday. The Russian government on Thursday instructed the board of state-controlled Rosneft to approve the purchase of Bashneft's 50.1 percent stake for a price not higher than 330 billion roubles ($5.32 billion). ($1 = 61.9962 roubles) (Reporting by Jack Stubbs; Writing by Dmitry Solovyov)
Russian Govt Prefers Direct Stake Sale in Rosneft to Investors
The government has dropped the idea of selling a stake in Russia's top oil firm Rosneft on the market and prefers its direct sale to strategic investors, RIA news agency quoted Russian First Deputy Prime Minister Igor Shuvalov as saying on Monday. The government has sold a stake in diamond producer Alrosa , and the plan now is to sell oil company Bashneft next, while Rosneft may be privatised in the autumn, RIA also quoted Shuvalov as saying. (Reporting by Katya Golubkova; Writing by Dmitry Solovyov)
Rosneft May Consider Role in Bashneft Privatisation
Russia's largest oil producer Rosneft may consider taking part in the privatisation of smaller rival Bashneft once the government defines the rules of the sale, a Rosneft spokesman told Reuters on Monday. Mikhail Leontiev also said that Rosneft "has experience of integrating large assets". The government plans to sell 50 percent plus one share in Bashneft as part of a wider privatisation of state assets. (Reporting by Vladimir Soldatkin)
Russia's Novatek to Update Long-term Strategy
Russia's No.2 natural gas producer Novatek is expected to present its new long-term strategy before year-end, Chief Financial Officer Mark Gyetvay told a conference call on Thursday. Novatek has been one of the fastest-growing oil and gas producers in Russia. The company plans to keep natural gas production flat this year, while eying a 30-percent rise in output of crude oil and gas condensate. Gyetvay said that Novatek, owned by its Chief Executive Officer Leonid Mikhelson and businessman Gennady Timchenko…
Rosneft Cannot Buy Bashneft - Russian Dy PM
Gas and oil giant Rosneft cannot take part in the privatization of state company Bashneft, Deputy Prime Minister Arkady Dvorkovich said Thursday. Dvorkovich told Russian newspaper Vedomosti that Rosneft would be excluded from the deal as the Kremlin indirectly controls the firm through parent company Rosneftgaz. “It was decided not to allow companies directly or indirectly controlled by the state to participate in privatization,” Dvorkovich said. Rosneft applied to participate in the privatization deal on Tuesday, the Interfax agency reported.
Russia Hammering out Bashneft Privatization Rules
The Russian government will work out criteria for the planned privatisation of the mid-sized oil company Bashneft by the end of the month, the head of the Federal Agency for State Property Management Rosimushchestvo said on Monday. "The most important are the criteria," Dmitry Pristanskov, the head of the agency, told reporters. The Russian government wants to sell a 50.08 percent stake in Bashneft. Reporting by Gleb Stolyarov
Russia Says Rosneft Stake Sale to Come Before Bashneft
A sale of part of Russia's holding in oil producer Rosneft is a priority and will come before any privatisation of mid-sized rival Bashneft , First Deputy Prime Minister Igor Shuvalov said on Wednesday. "We should focus on (Rosneft)", Shuvalov said. Russian Prime Minister Dmitry Medvedev on Tuesday unexpectedly postponed indefinitely the plans to privatise Bashneft, which had created tensions over whether state-run Rosneft should be allowed to buy a stake in its rival.
Russia's Government Sees Rosneft Stake Sale a Priority
Russian government's priority it to sell a stake in the country's largest oil producer Rosneft , First Deputy Prime Minister Igor Shuvalov said on Wednesday. After that sale happens, the government will return to selling a stake in Bashneft. Russian Prime Minister Dmitry Medvedev has postponed the privatisation of mid-sized oil producer Bashneft on Tuesday (Reporting by Darya Korsunskaya, writing by Denis Pinchuk; Editing by Lidia Kelly)
Rosneft to Participate in Bashneft Privatization
Russia's largest crude oil producer Rosneft will take part in the sale of the state's controlling stake in mid-size oil company Bashneft , Rosneft said on Friday. "Yes, we will bid for Bashneft," Rosneft's spokesman Mikhail Leontiyev said without providing further detail. (Reporting by Vladimir Soldatkin; Writing by Lidia Kelly; Editing by David Goodman)
Russian Govt Tells Rosneft Board to Approve Bashneft Purchase
The Russian government on Thursday instructed the board of state oil firm Rosneft to approve the purchase of a 50.1 percent stake in smaller oil firm Bashneft for a price not higher than 330 billion roubles ($5.3 billion). The purchase should be approved by Oct. 15, the government instruction said. (Reporting by Anton Kolodyazhnyy and Alexander Winning)
