BP, Russia

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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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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Rosneft’s Board to become independent

The Economic Development Ministry has submitted to the Government a draft order of changing status of managing director of Nord Stream AG Matthias Warnig in the Rosneft’s Board of Directors,

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Rosneft and BP establish a JV

Rosneft and BP clinched a deal on a foundation of a joint venture “Ermak Neftegaz”

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