Rosneft faces a legal challenge from Venezuela’s opposition-controlled National Assembly over its US$500 million bid to take an increased stake in the Petromonagas crude-processing venture from...
Two men in the central Georgian village of Ruisi were detained last week for illegally siphoning off crude from the Baku-Supsa pipeline.
State-owned Ukrainian oil and gas producer Ukrnafta could see 16 production licences suspended over its outstanding tax liabilities, the company announced on March 18.
Former Rosshelf executives went on trial in Moscow’s Meshchansky District Court on March 10 for large-scale embezzlement of property, Kommersant reported.
Oil trading giant Vitol has reportedly sold its last remaining Russian assets as the firm looks to wind up its portfolio in the country to refocus on its core trading business.
Russian pipeline monopoly Transneft has closed a deal with trading giant Gunvor for a 50% stake in the Novorossiysk Fuel Oil Terminal, relieving the oil trader of its last Russian asset.
Moscow will reportedly only relinquish a controlling stake in Bashneft if the prospective buyer offers a high enough premium on market prices.
The Chairman of Russian oil giant Rosneft has accused some oilfield services firms of past price fixing and reaffirmed his company’s plans to bring drilling in-house over the coming decade.
Talks are under way on the purchase by Rosneft of Gazprom’s share in their jointly owned gas production unit, Purgaz, Kommersant reported on February 4. The transaction...