Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  NK Rosneft' PAO    ROSN   RU000A0J2Q06

NK ROSNEFT' PAO (ROSN)
Mes dernières consult.
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

NK Rosneft' : China's CEFC, Rosneft to study South China petrochemical complex

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 10:53am CEST
FILE PHOTO: Shadow of worker is seen next to logo of Russia's Rosneft oil company at central processing facility of Rosneft-owned Priobskoye oil field outside Nefteyugansk

BEIJING/MOSCOW (Reuters) - Private conglomerate CEFC China Energy and Russia's largest oil producer Rosneft have agreed to study the possibility of building a petrochemical complex in South China, Rosneft said on Friday.

The deal will deepen strategic cooperation between Rosneft and CEFC, which agreed in September to buy 14.2 percent of the Kremlin's energy champion in a deal valued at over $9 billion (6.84 billion pounds).

Rosneft and CEFC signed an agreement to carry out a joint preliminary study into the possible construction of a petrochemical plant in China's Hainan province on the sidelines of a summit of Asia-Pacific Economic Cooperation (APEC) leaders in Vietnam, the Russian company said.

"The companies will set up joint working teams to discuss technical configurations of the project as well as commercial and economic matters," Rosneft said in a statement.

The companies will also jointly analyse the long-term supply of feedstock for the proposed new plant, it said.

Earlier on Friday, China Business Network reported, citing a CEFC executive, that the companies had agreed to build a petrochemical complex using liquefied petroleum gas and condensate to make petrochemicals.

The complex would be built in Yangpu, a port in China's southernmost island province of Hainan, China Business Network reported, citing a CEFC executive.

"Once a feedstock supplier joins the investment of the petrochemical facility ... the supply chain will be strengthened further and shall benefit the project's profitability," Cai Feng, an investment official of CEFC was quoted as saying.

A senior company source at CEFC said part of the feedstock supply may come from Abu Dhabi National Oil Company (ADNOC).

CEFC operates an oil tank farm at Yangpu used partly as a state crude oil reserve, the company's largest physical oil asset in China.

The companies did not provide any financial details of the deal or specify if it was a binding agreement.

A CEFC spokesman could not immediately comment.

(Reporting by Chen Aizhu in BEIJING and Vladimir Soldatkin in MOSCOW; Editing by Tom Hogue and Adrian Croft)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NK ROSNEFT' PAO
04/20CHINA HUARONG ASSET MANAGEMENT : CEFC senior staff banned from overseas travel a..
RE
04/20China Huarong confirms chairman departs after probe, shares tumble
RE
04/19NK ROSNEFT' : The great Russian oil game in Iraqi Kurdistan
RE
04/18Senior bank regulatory official to be named China Huarong chairman - sources
RE
04/14Venezuela empowers oil minister Quevedo to reform energy sector
RE
04/10NK ROSNEFT' : Rosneft starts production and sales of Euro 6 gasolines with impro..
PU
03/29Pirelli's Russian shareholder LTI plans to stay after lock-up period ends
RE
03/23GLENCORE : China's CEFC investigation hits $9 billion Russian oil deal
RE
03/21Rosneft, Bashneft Withdraw Case Against Sistema
DJ
03/21EXCLUSIVE : Rosneft, Eni fail to discover oil at Black Sea well - source
RE
More news
News from SeekingAlpha
04/19RSX : Answers To Common Questions 
04/18Eni says not leaving Rosneft venture despite Russia sanctions 
04/09RSX : Panic Brings Opportunity 
03/29A Leader In Dividend Yield 
03/19Rosneft Oil reports FY results 
Financials ($)
Sales 2018 119 B
EBIT 2018 15 653 M
Net income 2018 6 381 M
Debt 2018 70 043 M
Yield 2018 5,15%
P/E ratio 2018 8,04
P/E ratio 2019 6,50
EV / Sales 2018 1,08x
EV / Sales 2019 1,04x
Capitalization 58 528 M
Chart NK ROSNEFT' PAO
Duration : Period :
NK Rosneft' PAO Technical Analysis Chart | ROSN | RU000A0J2Q06 | 4-Traders
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 6,76 $
Spread / Average Target 22%
EPS Revisions
Managers
NameTitle
Igor Ivanovich Sechin Chairman-Management Board & Vice Chairman
Gerhard Schroeder Chairman
Petr Ivanovich Lazarev Finance Director
Valeriy Vladimirovich Nikitin Director-Information Technology
Artur Matthias Warnig Deputy Chairman
Sector and Competitors
1st jan.Capitalization (M$)
NK ROSNEFT' PAO58 528
ROYAL DUTCH SHELL3.53%297 701
PETROCHINA COMPANY-5.56%212 274
TOTAL9.98%164 822
PETROLEO BRASILEIRO SA PETROBRAS37.89%90 114
STATOIL13.41%85 153