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Russia's Rosneft, which closed its oil trading arm after sanctions were imposed by U.S. authorities in February, has set up a new Geneva-based trading business, four trading sources familiar with ...
On 22 October 2012, it was announced that Rosneft will take over TNK-BP International, a parent company of TNK-BP Holding, which is the third largest oil company in Russia. [59] BP will receive in exchange of its stake $12.3 billion of cash and 18.5% of Rosneft's share, while ARR received $28 billion in cash. [ 60 ]
Russneft was founded in September 2002 by Mikhail Gutseriev, a Russian businessperson and philanthropist, with support from the Swiss company Glencore. [3] It included early oil-production operations in West Siberia, Ulyanovsk, the Saratov and Penza regions, Udmurtia, and the Komi Republic.
BP has swung to a quarterly loss after taking a mammoth 25.5 billion US dollar (£20.4 billion) hit following its move to quit Russia, but soaring oil prices saw underlying profits hit their ...
BP owns a 19.75% stake in the Russian oil company, while the Russian government owns around 40% of the business. The stake was worth around 14 billion dollars on BP’s books at the end of 2021.
Didier Casimiro graduated from Ghent University in 1991, and Lisbon University in 1992. Fluent in 7 languages, including Portuguese and French. In 1996-2012, he worked at BP oil company in management positions. In his participation, in 2003, the branch of the BP company TNK-BP (Tyumen oil company - BP) was established in Moscow.
Rosneft accounted at the time for about 12% of Germany’s oil refining capacity. The Economy Ministry said Friday that it is extending the trusteeship again until March 10, 2024, “to secure the ...
The Nasdaq Copenhagen, formerly known as the Copenhagen Stock Exchange (Danish: Københavns Fondsbørs), is an international marketplace for Danish securities, including shares, bonds, treasury bills and notes, and financial futures and options. [3] Nasdaq Copenhagen is one of the Nasdaq Nordic Exchanges. Nasdaq Nordic goes back to the 2003 ...