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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Giving Access to Russian Arctic Shelf May Hurt Rosneft Oil Projects – CEO

    Lobo
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    • Post n°1

    Giving Access to Russian Arctic Shelf May Hurt Rosneft Oil Projects – CEO Empty Giving Access to Russian Arctic Shelf May Hurt Rosneft Oil Projects – CEO

    Post by Lobo Sat 20 Jun 2015, 6:23 pm

    [size=40]Giving Access to Russian Arctic Shelf May Hurt Rosneft Oil Projects – CEO 1018003821

    [size=40]Giving [size=40]Access[/size] [size=40]to[/size] [size=40]Russian[/size] [size=40]Arctic[/size] [size=40]Shelf[/size] [size=40]May[/size] [size=40]Hurt[/size] [size=40]Rosneft[/size] [size=40]Oil[/size] [size=40]Projects[/size] [size=40]–[/size] [size=40]CEO[/size][/size]
    [/size]
    © AP Photo/ Mikhail Metzel, File

    BUSINESS
    22:14 20.06.2015(updated 22:49 20.06.2015) Get short URL
     035300
    Rosneft oil major’s CEO Igor Sechin claims that liberalizing access to Russia’s Arctic shelf for private companies could hurt both the existing oil projects in the area and the interests of Rosneft’s stakeholders.

    MOSCOW (Sputnik) — Rosneft oil major’s CEO Igor Sechin on Saturday protested against liberalizing access to Russia’s Arctic shelf for private companies, saying this could hurt both the existing oil projects in the area and the interests of Rosneft’s stakeholders.

    Giving Access to Russian Arctic Shelf May Hurt Rosneft Oil Projects – CEO 1023642627

    © SPUTNIK/ MAKSIM BLINOV
    [size]
    Rosneft Working With Sinopec on Payments in National Currencies
    Until now, only two Russian state-run energy companies – Rosneft and Gazprom – have been given licenses to explore the nation’s continental shelf.

    "I believe that a profound change in this sphere [to regulations on shelf access] could damage the development of these projects… But whether it is worthwhile should be decided by the regulator," Sechin said.
    Sechin also said that the financial and economic health of  Rosneft remains stable.
    "The financial and economic situation of the company is stable, we’ve been paying off all loans that we took to buy TNK-BP. We repaid $14 billion dollars last year and more than $7 billion since the start of this year," Sechin said in an interview with Rossiya 24.
    He added there was no reason to fear a slump in the company’s finances.
    TNK-BP was a major Russian oil company headquartered in Moscow. Rosneft bought it from British energy company BP in 2013. Under the terms of the deal, BP received roughly $12.5 billion in cash and 18.5 percent of Rosneft shares in return for its 50-percent stake in the venture.[/size]
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