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 newsTweets 

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 CEST

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 [email protected]

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
05/25 Russia says state firms should use IAS profit as base for dividends
05/23 Rosneft cuts oil output with an eye to ramping up again
05/19 NK ROSNEFT' : Igor Sechin took part in the opening of Rosneft’s office dur..
05/18 IGOR SECHIN : Rosneft working to be ready for competition post-oil output cuts -..
05/17 IGOR SECHIN : Russia's Sechin says wants smooth future exit from global oil deal
05/17 NK ROSNEFT' : Rosneft and Tecnoclima S.p.A. Agree on the Supply of Climatic Equi..
05/17 NK ROSNEFT' : Rosneft and Eni To Extend Cooperation in Russia and Abroad
05/17 NK ROSNEFT' : Rosneft and Pietro Fiorentini Agree on Industrial Cooperation
05/17 NK ROSNEFT' : Rosneft Expands Cooperation in the Field of Education and Science
05/14DJBattle Heats Up for Control of Refiner Citgo as Venezuela's Default Risk Rise..
More news
Sector news : Integrated Oil & Gas
05/26DJTOTAL : Reports Emissions at Refinery in Port Arthur, Texas
05/26 NK LUKOIL : Russia's Novak says may discuss adjustments to OPEC deal at monitori..
05/26DJROYAL DUTCH SHELL A : Motiva Reports Emissions at Refinery in Port Arthur, Texas
05/25 Russia says state firms should use IAS profit as base for dividends
05/25 European shares sputter near highs but OPEC disappointment hits oil stocks
More sector news : Integrated Oil & Gas
News from SeekingAlpha
05/17 Rosneft, Eni sign cooperation agreement
05/11 Rosneft Oil's (RNFTF) Management on Q1 2017 Results - Earnings Call Transcrip..
05/10 Rosneft Oil Company OJSC 2017 Q1 - Results - Earnings Call Slides
05/06 What Happened With Mobile TeleSystems?
05/05 Rosneft Oil reports Q1 results
Financials ($)
Sales 2017 97 492 M
EBIT 2017 12 909 M
Net income 2017 6 117 M
Debt 2017 38 895 M
Yield 2017 2,58%
P/E ratio 2017 9,53
P/E ratio 2018 6,74
EV / Sales 2017 0,98x
EV / Sales 2018 0,90x
Capitalization 57 012 M
More Financials
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 6,59 $
Spread / Average Target 23%
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$)
ROYAL DUTCH SHELL A-5.89%226 880
TOTAL-2.64%132 016
STATOIL ASA-3.54%58 239
ENI SPA-5.30%58 126
More Results