Zohr gas field produces 12.2 bcm in 2018:Rosneft

Thu, 31 Jan 2019 - 01:57 GMT

The production increased almost four times during the second half of 2018 compared tothe result of the first half of 2018, which amounted to 3.1 bcm of gas.

Oil steady as extra U.S. supply balances strong demand

Mon, 04 Jun 2018 - 09:02 GMT

U.S. crude production climbed in March to 10.47 million barrels per day (bpd), a monthly record, data from the Energy Information Administration showed.

Qatar steps in to rescue Rosneft's troubled stake sale to China

Sat, 05 May 2018 - 02:56 GMT

Qatar is taking a nearly 19 percent stake in Rosneft, rescuing the Russian oil major from its stalled deal to sell a major stake to China’s CEFC.

Kremlin oil major piles up investments in Iraq's Kurdistan

Wed, 18 Oct 2017 - 05:27 GMT

Russia's Rosneft has agreed to invest $400 million in five oil blocks in Iraqi Kurdistan, increasing Moscow's exposure to the semi-autonomous region.

Erdogan says Turkey, Iran and Iraq will decide on closing n. Iraq's oil taps

Thu, 05 Oct 2017 - 08:52 GMT

Turkey, Iran and Iraq will close the flow of oil from northern Iraq, a retaliatory move after the Kurdish region voted for independence - Erdogan.

Russia's Rosneft elects German Schroeder as chairman

Fri, 29 Sep 2017 - 01:37 GMT

Former German Chancellor Gerhard Schroeder is set to face a fresh backlash at home after he was elected as chairman of Rosneft on Friday.

Schroeder accuses his critics of wanting a "new Cold War"

Thu, 31 Aug 2017 - 02:20 GMT

Former German Chancellor Gerhard Schroeder accuses some of his critics of wanting to push Germany into a "new Cold War".

Business News Wrap-up

Mon, 21 Aug 2017 - 05:10 GMT

A wrap-up for the most prominent news circulated during the day.

Russia's Rosneft closes deal to buy 49% stake in India's Essar Oil

Mon, 21 Aug 2017 - 06:55 GMT

An investment consortium comprising Trafigura and UCP has also announced the closure of their acquisition of a separate 49 percent share of EOL.