Registration was successful!
Please follow the link from the email sent to

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

© AP Photo / Mikhail Metzel, FileA plaque for the Rosneft Oli Company is seen outside the company headquarters in Moscow, Russia, in this file file photo dated Thursday, Oct. 18, 2012
A plaque for the Rosneft Oli Company is seen outside the company headquarters in Moscow, Russia, in this file file photo dated Thursday, Oct. 18, 2012 - Sputnik International
Subscribe
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.

2015 St. Petersburg International Economic Forum (SPIEF). Day Three - Sputnik International
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.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала