BP, Russia Oil and Gas

The government starts a battle for the dividends of Rosneft.

Russian ministries and agencies have already begun to swordplay on the amount of dividends that Rosneft is going to pay in 2016, Interfax reported with reference to an informant familiar with

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BP tocontinue to invest into Russia despite sanctions.

BP, which owns a 19.75% stake in Rosneft, Russia's largest state oil company, believes that Russia's oil industry was successfully developing in the face of Western sanctions and would cont

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Rosneft and BP have stated drilling at the Baikal deposit in the framework of JV “Ermak Neftegas”

Rosneft and BP have stated drilling an exploratory well Baikalovskaya #21 at the Baikal deposit in the framework of the JV “Ermak Neftegas”, Rosneft reports.

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Eni, Rosneft and BP to extract gas in the Mediterranean Sea by the end of 2017

It is plan to start extraction at the giant gas deposit Zohr in the Mediterranean Sea at the coast of Egypt in December 2017. It means that less than 3 years will pass after its discovery.

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Rosneft buys out BP's stake in three German refineries for $1.52 billion.

Rosneft has bought out BP's stake in German refineries as part of the dissolution of the joint venture Ruhr Oel GmbH (ROG) for 1.52 billion US dollars, according to the company's annual IFR

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BP sees the future

BP has made a presentation in Russia of another “Forecast of development of the world energy until 2035”.

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Europe to depend on gas imports by ¾ in 20 years

By middle of the 2030s Europe will seriously increase gas import compared with the current level.

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In 2016, BP’s profit from participation in Rosneft fell two times

The BP’s profit from participation in Rosneft decreased two times compared to 2015 and amounted to $643 million in 2016, BP reports.

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BP and Rosneft have agreed on gas supply to Europe

BP and Rosneft have signed a memorandum of the sale of Russian gas to Europe at the volume of 7-20 bln cubic m a year, Vice-President of BP in Russia, V. Drebentsov, said.

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BP wants to continue working in Russia

BP expects to continue working in Russia without sanctions, said the company’s general director Bob Dudley.

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