BP-TNK

Maxim Barsky to head coal assets of Dmitry Bosov

A former top manager of BP-TNK and a long-time friend of the Alltech Group’s head Dmitry Bosov, Maxim Barsky will manage the coal companies of Alltech, including Siberian Anthracite.

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Rosneft shareholders approve dividends for 2017.

On June 21 at the annual meeting in Krasnoyarsk Rosneft shareholders approved the payment of dividends for 2017 at a rate of 6.65 roubles per share, according to Interfax.

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In February 2018 Rosneft fully repaid the loan taken for the acquisition of TNK-BP

Rosneft fully repaid a loan of $31 billion issued in 2013 by a group of international banks to buy TNK-BP (now RN-Holding).

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Gerhard Schroeder becomes the new head of Rosneft's board of directors.

The Board of Directors of Rosneft, the largest oil company of the Russian Federation, elected Gerhard Schroeder, the former chancellor of Germany, the head of the Nord Stream AG shareholders commit

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Fair game: Forbes has made a rating of the largest buyers of Russian oil.

The 20 participants in the rating account for almost 85% of Russian oil exports, and in 2016 it reached 254.8 million tons.

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Lukoil considers selling a third of its petrol stations in Russia.

LUKOIL is considering the possibility of selling up to 30% of its petrol stations in Russia due to a drop in the profitability of the business.

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Rosneft to transfer all TNK petrol stations to its brand.

Rebranding can cost from 1.5 billion to 4 billion roubles.

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CEO Glencore may enter the board of directors of Rosneft.

Representatives of Glencore and the Qatar Investment Authority (QIA) were nominated to the board of Rosneft, the largest state oil company of the Russian Federation, the Vedomosti reports citing tw

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BP not to participate in the privatization of "Rosneft".

Company is satisfied with its current status of a major minority shareholder of the state-owned company.
"We are satisfied with interests in "Rosneft" I think we'll keep it at the current level", - CEO BP Robert Dudley stated, commenting on the possibility of buying additional package. The company would neither increase nor reduce the share of "Rosneft", the representative of BP added. Available package (19.75%) corresponded to the strategic interests of BP to work in Russia, he stated, refusing to comment further.

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The RF Ministry Finance expects to sell 19.5% of Rosneft in H2 2016.

In H2 2016 Russian authorities were going to have time to sell 19.5% of Rosneft, the largest state-owned oil company of Russia, and expected to receive about 650 billion roubles, Prime stated with reference to the statement of the RF Minister of Finance Anton Siluanov in an interview with the CNBC.
At present the capitalization of the largest oil companies of the country was 3.27 trillion roubles, so Anton Siluanov announced market price for the government stake.

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