Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

News SummaryMost relevantAll newsSector news 

Rosneft, Statoil Agree On JV To Develop Russia Arctic -Sources

share with twitter share with LinkedIn share with facebook
share via e-mail
05/05/2012 | 11:00am CET

Russian state oil company OAO Rosneft (>> Rosneft' NK OAO) and Norway's Statoil ASA (STO, STL.OS) have agreed to form a joint venture to develop Russia's mostly untapped offshore energy resources in the Arctic and are expected to sign the deal later Saturday, two people familiar with the matter told Dow Jones Newswires.

The deal is expected to be structured similar to the ones Rosneft signed in April with Exxon Mobil Corp. (XOM) and Italy's Eni SpA (E, ENI.MI) and follows Russia's approval of long-awaited tax breaks for the potentially rich offshore fields.

Russia is willing to give a prominent role to foreign companies willing to develop the shelf, Russia's energy czar, deputy Prime Minister Igor Sechin, said April 16, following the deal with Exxon.

An industry source said the role of Sechin, who is expected not to join the new Russian government to be announced in the following days, was prominent at all the three deals.

Rosneft declined to comment. Statoil wasn't available for comment.

-By Alexander Kolyandr, Dow Jones Newswires; +7 495 232-9192 alexander.kolyandr@dowjones.com

Stocks mentioned in the article : Rosneft' NK OAO
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on NK ROSNEFT' PAO
12/02 Ahead of promised cut, Russia's oil output hits record high
11/24 NK ROSNEFT' : Rosneft Brasil Gears Up for the Commencing of Operations in the So..
11/15 NK ROSNEFT' : Rosneft Submitted a Mandatory Offer for the Acquisition of Bashnef..
11/11 Russian oil major Rosneft has cash for deals despite profit fall
11/11 NK ROSNEFT' : Financial results for 3Q and 9M of 2016
11/09 NK ROSNEFT' : Rosneft will report its Q3, 9M 2016 consolidated IFRS financial re..
11/07 NK ROSNEFT' : Italy's Saras says it will clear Iranian oil debt in 2017
11/07 NK ROSNEFT' : Rosneft and Beijing Gas Sign Binding Documents for the Sale of 20%..
10/31 NK ROSNEFT' : Rosneft Submitted to the Bank of Russia a Mandatory Offer for the ..
10/29 ANK BASHNEFT' : Russia's Rosneft submits draft Bashneft buyout offer to regulato..
More news
Sector news : Integrated Oil & Gas
12/02DJOil Giants Set to Bid on Mexico's Deep-Water Oil Fields
12/02 BRASKEM : Brazil's Braskem shares jump as deal in graft probe seen imminent
12/02 Ahead of promised cut, Russia's oil output hits record high
11/30 TOTAL : Shell studies green energy deals to prepare for future after oil
11/30DJAsian Shares Mixed as OPEC Doubts Offset Wall Street Strength
More sector news : Integrated Oil & Gas
News from SeekingAlpha
11/29 REUTERS : Arrested Russian minister wanted state to cede control over Rosneft
11/21 Prices Rally On Putin's Comments - Oil Markets Daily
11/15 Russian economy minister detained in bribery allegations
11/15 WALL STREET BREAKFAST : Stocks Poised For Big Year-End Rally
11/15 RUSSIA ROUNDUP : Trump phone call, bribery case
Financials ($)
Sales 2016 76 598 M
EBIT 2016 11 213 M
Net income 2016 4 327 M
Debt 2016 46 055 M
Yield 2016 2,92%
P/E ratio 2016 13,47
P/E ratio 2017 6,63
EV / Sales 2016 1,34x
EV / Sales 2017 1,03x
Capitalization 56 371 M
More Financials
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 5,65 $
Spread / Average Target 6,2%
Consensus details
EPS Revisions
More Estimates Revisions
Igor Ivanovich Sechin Chairman-Management Board & Vice Chairman
Andrey Removich Belousov Chairman
Petr Ivanovich Lazarev Finance Director
Valeriy Vladimirovich Nikitin Director-Information Technology
Artur Matthias Warnig Deputy Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TOTAL8.82%121 034
STATOIL ASA22.72%57 341
GAZPROM PAO--.--%56 422
More Results