Qatari Tayyeb Belmahdi became the new head of the board of Russian oil giant Rosneft today, succeeding former German Chancellor Gerhard Schroeder, who resigned from the post in May. According to the company’s statement after its annual general meeting, Belmahdi, a “renowned expert” in the oil and gas sectors, has “45 years of experience in […]
Tag: Rosneft
Germany: Former Chancellor Schroeder resigns from Rosneft
Former Chancellor Gerhard Schroeder intends to step down as head of the Supervisory Board of the Russian oil company Rosneft, the company announced. According to the announcement, Mr. Schroeder stated that it is impossible for him to renew his contract, without however one of the two parties giving more details. Mr. Schroeder remains the leader […]
The ruble is at a 7-year high due to Putin’s gas strategy
LAST UPDATE 13:48 The ruble has jumped to a seven-year high against the euro as more foreign companies appear to be complying with Vladimir Putin’s demand to switch to the Russian currency for gas. The ruble jumped up 9% against the euro, reaching its strongest level since June 2015. The Russian currency strengthened by 6.6% […]
Reuters: Five foreign vice presidents have resigned from Russia’s Rosneft
Five foreign vice-presidents of Russia’s Rosneft have resigned over European Union sanctions banning European citizens or Russians living in the EU from working for the Kremlin’s major oil company, knowledgeable sources told Reuters. According to the same sources, Didier Casimiro, Eric Liron, Zeljko Runje, Avril Conroy and Otabek Karimov left Rosneft a few days before […]
Pressure on Schroeder to resign from the board. of Rosneft
The European Parliament is expected to ask former German Chancellor Gerhard Schroeder to be blacklisted if he does not resign from the post of Russian state oil minister, Rosneft. The draft resolution, which also applies to Karin Kneissl, the former Austrian Foreign Minister under the Kurtz government, is supported by the four largest political groups […]
BP Plc: Announces $ 25.5 Billion Losses After Leaving Rosneft
BP Plc announced $ 25.5 billion in losses after the decision to withdraw from its 19.75% stake in Russia’s Rosneft Oil. These charges include $ 24 billion for Rosneft’s share capital and $ 1.5 billion for other activities with Rosneft in Russia. As a result, the British company posted a net loss of $ 20.38 […]
Rosneft Oil: Announced improved earnings in the quarter
Rosneft Oil Co announced improved earnings for the third quarter of the year, with the nine-month result reaching a record high. The Russian oil and gas company posted a net profit of 314 billion rubles ($ 4.39 billion) for the quarter, up 35% from 233 billion rubles in the second quarter. Net profit for the […]