- November 10, 2019
- Posted by: Web Admin
- Category: Forex News
Archived from the original on 28 May 2012. Russian oil company Rosneft has accused the US Treasury of “hypocrisy” in its approach to sanctions against Venezuela, and hit back at US criticism of the company’s work in the country. As part of a project for entry into the international fuel oil market, the Company started its supplies to KazMunayGas-Aero LLP, a key player in the fuel oil supply market of Kazakhstan. The wholesale contract was signed with Magnai trade LLC for fuel oil supply to Mongolia.
Such an increase was driven by the production increase in Severnoye Chaivo field. De-Castri export terminal with a capacity of 12 mmt per year is owned by Sakhalin-1 project consortium, where Rosneft holds a 20 % stake. In addition to crude oil supplies to its own refineries in Russia, in 2015 the Company supplied 3.7 mmt of crude to Ruhr Oel GmbH refineries in Germany, a 12 % increase compared to 2014. ROSNEFT HAS BEEN IMPLEMENTING A POLICY AIMED AT ENSURING A REQUIRED BALANCE OF CRUDE MONETIZATION CHANNELS, INCLUDING CRUDE OIL PROCESSING AT ITS OWN REFINING FACILITIES IN RUSSIA AND GERMANY, EXPORT UNDER LONG-TERM CONTRACTS AND TENDER-BASED SPOT CONTRACTS, AND DOMESTIC SALES. In the reporting year, Rosneft supplied 84.4 mmt of crude oil to the refineries in Russia, 3 % less compared to 2014 (86.6 mmt); the reduction in supplies mainly related to redirecting the equity crude to higher margin channels due to negative impact of the tax maneuver on the profitability of the refining segment.
The petroleum products manufactured at the Mozyr Refinery were sold domestically through the Company’s retail network and exported to the markets of Belarus and Ukraine and far abroad. Large-scale retrofit and upgrade were completed in December 2015 at all Rosneft refineries in 2015 driving the Company’s full transition to the production of Euro-5 Class gasoline and diesel fuels for the http://proplansa.co.za/?p=27151 Russian market. Large-scale retrofit and upgrade were completed at all Rosneft refineries in 2015 driving the Company’s transition to the production of Euro-5 Class gasoline and diesel fuels for the Russian market. The Technical Regulation for the Customs Union initially set the period of transition to Euro-5 Class gasoline and diesel fuels in the domestic market after January 1, 2016.
Rosneft has been a minority shareholder in Saras S.p.A. since 2013. In October 2015, as part of its assets optimization and effective share management Rosneft reduced its share in Saras S. p.
It took 40% of state oil company PDVSA’s exports in July and 66% so far in August, according to the firm’s export programs and the Refinitiv Eikon data, double the purchases before sanctions. Russian state oil major Rosneft has become the main trader of Venezuelan crude, shipping oil to buyers in China and India and helping Caracas offset the loss of traditional dealers who are avoiding it for fear of breaching U.S. sanctions.
In addition, the company transports and exports crude oil through pipelines, and railway and mixed transportation; engages in the wholesale, retail, storage, and transportation and transshipment of petroleum products; and provides bunkering and aircraft refueling services, as well as bitumen products. Further, it operates a retail network of company-owned and leased filling stations; and provides survey and drilling services. The company was founded in 1993 and is based in Moscow, Russia. Public Joint Stock Company Rosneft Oil Company is a subsidiary of OJSC Rosneftegaz.
A former subsidiary of Yukos, Yukos Capital Sarl of Luxembourg, is seeking justice from Rosneft to repay debts of companies that previously belonged to Yukos. Private refiners Reliance Industries RELI.NS and Nayara Energy, part owned by Russian oil major Rosneft ROSN.MM, are the only Indian buyers of Venezuelan oil. Washington imposed sanctions on Venezuela’s state oil company PDVSA in January to put pressure on socialist President Nicolas Maduro.
In March 13, 2015 Rosneft completed the process of the acquisition of SANORS petrochemical holding. During the year, the new assets were integrated into the Company structure. ELOU-AVT-12 vacuum unit was started up in 2015 supporting the production and sale of vacuum gas oil and some refinery facilities were commissioned. A reduction in total oil refining volumes (including Company’s international refineries) to 96.9 mmt (-3 %) in 2015 YOY was http://www.saudigeriatrics.org/2019/10/01/qtum-koshelek/ mainly due to redistributed volumes to YOY more high-margin sales channels subject to the adverse impact of the tax maneuver on the refining segment profitability and worsening macro environment as well as due to the suspension of refining at Mozyrsky Refinery under a processing contract in Q1 2015 and related oil redistribution to more profitable sales channels. The Company fully performs its oil supply obligations under long-term contracts.
The Company supplies natural gas, dry and associated gas to consumers in Russia. Associated petroleum gas is supplied to the Company own gas processing plants (GPP) and to gas processing plants owned by SIBUR Holding.
ROSN underperformed the UK Oil and Gas industry which returned -0.8% over the past year. “Why an Enigmatic http://www.nadiabozak.com/kursy-adobe-after-effects-bazovyj-v-vologde/ Chinese Company Just Spent $9 Billion on a Stake in Rosneft”. Bloomberg. 2 October 2017.
- public records reveal a large portion of the financing was funneled through a complex web of shell companies .
- In 2015, Rosneft shutdown 9 oil depots that failed to meet technical and operational requirements of the Company, and those with low turnaround and high unit costs.
- Russia’s state-controlled oil group Rosneft is “central” to the survival of Venezuelan president Nicolás Maduro’s embattled government because of its pivotal role in trading the country’s crude oil and arranging financing, a senior US official has said.
- BP axed staff after poor exploration results and OGX Petroleo & Gas Participacoes SA (OGXP3) went bankrupt when fields failed to perform as expected.
- The largest mini-refinery is Nizhnevartovsk Oil Refining Association with a refining scope amounting to 1.5 mmt.
PRODUCTION PLANNING AND LOGISTICS
Rosneft. 14 January http://lincolnarthur.com/acb-birzhevaja-kotirovka-dlja-aurora-cannabis-inc 2011.
These measures were aimed at reducing the risks of petroleum products losses in quantity and quality and at improving industrial and ecological safety of these depots. At year-end 2015, the retail geography of Rosneft comprised 59 regions in Russia, from Murmansk in the North, to the North Caucasus in the South, and from Smolensk in the West to Sakhalin in the East. The Company also owns retail assets in Abkhazia, Ukraine, Belarus, Kirgizia and Armenia. IN ACCORDANCE WITH ITS LONG-TERM DEVELOPMENT STRATEGY, ROSNEFT INTENDS TO ESTABLISH ITSELF AS A LEADER IN THE DOMESTIC GAS MARKET OF RUSSIA AMONG INDEPENDENT GAS SUPPLYING COMPANIES.
Public Joint Stock Company Rosneft Oil Company (ROSN.ME)
Therefore, the Company managed to limit the negative effect from oil price reduction by 16.3 % in RUB and 47.3 % in USD in 2015. ROSN earnings growth over the past year (29.4%) underperformed the Oil and Gas industry 29.4%. (1.1x) compared to the GB Oil and Gas industry average (0.8x).
Oliphant, Roland (28 January 2011). “Exxon, Rosneft Sink $1Bln in Black Sea”. The Moscow Times.
In addition, Rosneft supplies gasoline and diesel fuels in the Kyrgyz Republic to the retail subsidiary Bishkek Oil Company for further sales via its own petrol stations and wholesale. In 2015, the Company supplied 54 kt of petroleum products.