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Nayara Energy Ltd

27 Apr 2018

Rosneft-owned Essar Oil to be called Nayara Energy

Rosneft and its partners completed the USD 12.9-billion acquisition of Essar Oil last August to enter the world's fastest-growing energy market.

Chinese conglomerate CEFC

09 Sep 2017

China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes

Glencore said in a statement that CEFC will buy shares at a premium of around 16 percent to the 30-day volume weighted average price of Rosneft shares without naming the price. A CEFC spokesman said the company would pay $9.1 billion.

22 Aug 2017

Essar to pay additional Rs 880 crore to minority shareholders

Minority shareholders of Essar Oil, who had participated in the company's delisting in 2015, will get an additional Rs 75.48 per share, Essar said in a statement.

22 Aug 2017

Essar Group to pay additional Rs 75.48 per share to ex-EOL shareholders

The Essar Group on Tuesday said it will pay an additional Rs 75.48 per share to Essar Oil's ex-shareholders, who tendered their shares at the open offer in the run-up to the delisting of the company that was sold to the Russian giant Rosneft yesterday for USD 12.9 billion.

21 Aug 2017

Essar Oil completes sale of India assets to Rosneft for $12.9 billion

The Ruias-run Essar Oil on Monday announced the completion of sale of its India assets to the Russian government controlled Rosneft-led consortium for USD 12.9 billion.

27 Jun 2017

Cyber attack hits oil giant and banks in Russia and Ukraine

Russia`s top oil producer Rosneft said a large-scale cyber attack hit its servers on Tuesday and computer systems at some banks and the main airport in neighbouring Ukraine were also disrupted.

16 Nov 2016

Oil wars: Know how Kremlin's $13 billion Indian deal almost fell apart

A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.

15 Nov 2016

Vladimir Putin fires economy minister Alexei Ulyukayev over bribery charges

Russian President Vladimir Putin dismissed Economy Minister Alexei Ulyukayev on Tuesday over allegations he extorted a $2 million bribe from top oil producer Rosneft, a case which could expose fault lines in the Russian leader`s inner circle.

15 Nov 2016

Russian Economy Minister detained on bribery charges

Russian Economy Minister Alexey Ulyukaev has been detained and is under investigation on suspicions of bribery.

17 Oct 2016

Exclusive Conversation with Prashant Ruia, Group Director of Essar after deal with Rosneft

05 Oct 2016

ONGC Videsh gets govt nod to up stake in Russian oil field for $930 mn

ONGC Videsh Ltd (OVL) Wednesday got government nod to raise its stake in Russia's second biggest oil field of Vankor by 11 percent at an investment of USD 930 million.

05 Oct 2016

Government clears ONG's extra 11% stake buy in Russia's Vankor fields

The cabinet has approved ONGC Videsh`s purchase of an additional 11 percent stake in Russia`s Vankor oil fields from Rosneft for $930 million, raising the Indian firm`s stake in the project to 26 percent, a government statement said.

15 Sep 2016

ONGC Videsh to acquire 11% additional interest in East Siberia's Vankor Field

ONGC Videsh (and its wholly owned subsidiary ONGC Videsh Vankorneft Pte. Ltd., Singapore - OVVL) jointly signed definitive agreements with Rosneft, the national oil company of Russia for acquiring additional 11 percent shares in JSC Vankorneft, a company organised under the law of Russian Federation which is the owner of Vankor Field and North Vankor license.

21 Mar 2016

Not clear of benefits to Rosneft on Essar stake buy: Moody's

Russia's top oil producer Rosneft may pay USD 2-3 billion to buy 49 per cent stake in Essar Oil, Moody's Investor Service said but raised doubt as to how will acquisition of non-controlling stake will create value for it

Essar Directors Prashant Ruia

16 Mar 2016

Rosneft to buy 49% stake in Essar Oil

Russia's top oil producer Rosneft today said it has reached a preliminary agreement to buy 49 percent stake in Essar Oil and the deal is likely to be concluded by June

25 Dec 2015

OVL, Rosneft sign pact for Vankor oil field

The document was signed in the presence of the Russian President Vladimir Putin and Prime Minister Narendra Modi by OVL Managing Director Narendra K Verma and Rosneft Chairman of the Management Board Igor Sechin.

Indian Oil Corp

25 Dec 2015

IOC, OIL sign pact with Russian oil firm Rosneft

The MoU document was signed in the presence of the Prime Minister Narendra Modi, and Russian President Vladimir Putin by IOC Chairman B Ashok, OIL Chairman & Managing Director UP Singh and the Chairman of the Rosneft Management Board Igor Sechin.

04 Sep 2015

ONGC buys 15% stake in Russia's Vankor oil field for $1.35 bn

ONGC has bought a 15 percent stake in Russia's second- largest oil field from Rosneft for about USD 1.35 billion.

31 Aug 2015

Rosneft 2Q net profit tumbles 22% to $1.99 billion

Russian oil giant Rosneft on Monday said its net profit fell by 22 percent in the second quarter from a year earlier, a stronger result than expected as the weak ruble partly offset falling oil prices.

09 Jul 2015

Essar Oil signs pact to sell 49% stake to Russia's Rosneft

Essar said it "signed a non-binding Term Sheet with regard to Rosneft?s participation in the equity capital of Essar Oil Limited with a share of up to 49 per cent."

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