Tag Archives | Rosneft

Iran, Russia Discuss Energy Cooperation

Iranian Oil Minister Bijan Zangeneh and Russian Energy Minister Alexander Novak held a meeting in Moscow on Monday and discussed energy cooperation between the two countries and through OPEC, Russia’s Energy Ministry said. The two ministers also discussed the possibility of Russian oil companies taking part in projects in Iran, the ministry said in a […]

Iran completes first Oil-for-Goods supply to Russia

Iran has completed its first oil-for-goods supply to Russia. Under the agreement, Russia would buy 100,000 barrels a day of Iranian oil in exchange for Russian equipment and goods. Russia’s Energy Minister Alexander Novak says the first Iranian oil supply to Russia under the oil-for-assets program has been completed and the two sides could extend […]

Rosneft Sets Sight on Iran’s Zagros Region

Russia’s state-controlled oil giant Rosneft is interested in oil and gas projects in Iran’s western region of Zagros, after signing a deal last year to do business in the country, an official document showed on Friday. The document, published on a government website that details tenders by state companies, said that as of mid-February Rosneft […]

Iran-Russia Gas Plans Affect World Market

Iranian Oil Minister Bijan Namdar Zanganeh highlighted the far-reaching effects of cooperation with Russia in the gas industry, saying the two countries can determine the international market situation by holding the world’s largest gas reserves. The cooperation between Iran and Russia, ranked first and second in the list of countries by gas reserves, would have […]

NIOC, Rosneft eye $30bn in Oil, Gas Projects

The head of Russia’s state-controlled oil giant Rosneft said it has signed a road map with the National Iranian Oil Company (NIOC) to implement “strategic” projects in Iran. Igor Sechin said on Wednesday that the deal paved the way for legally-binding documents to be signed within a year, according to Reuters. The output from the […]

Iran, Russia ink 6 Oil MoUs

Iran and Russia has signed 6 oil memoranda of understanding (MoUs) in Tehran, the Iranian deputy petroleum minister for international affairs and trading said. Amir Hossein Zamaninia told Shana on Wednesday that the first deal, signed by Iranian Minister of Petroleum Bijan Zangeneh and his Russian counterpart Alexander Novak, outlines strategic Tehran-Moscow cooperation on energy […]

Essar Oil’s Iran Debt expected to be Paid

By John Lee. India’s Essar Group has completed the sale of its 98.26-percent holding in Essar Oil to Russia’s Rosneft and partners. Rosneft will take a 49.13 percent stake in Essar Oil, with a consortium of Trafigura and United Capital Partners (UCP) taking an equal stake, Essar Oil said in a statement. Essar Oil still owes […]

Iran Eyes Major Energy Deals with Russia

Iran is planning to sign new agreements with Russian energy companies by mid-December, an official said. “We hope that by the second half of December, we are ready to sign major agreements with these six Russian companies,” Iranian Deputy Oil Minister Amir Zamaninia said Thursday, Sputnik reported. Speaking during the Russia-Iranian energy forum, he added […]

Rosneft to Export Fuel to Iran through Azerbaijan

By John Lee. Russia’s Rosneft intends to export fuel to Iran from 2017, according to a report from APA. Petrocas Energy Group, which is 49 percent owned by Rosneft, will build a logistics terminal over the Southern Caucasus corridor, the company’s president, Vano Nakaidze, told RBK. Petrocas will export gasoline and diesel to Iran’s Neka […]

Rosneft Interested in Oil, Gas Projects in Iran

By John Lee. Russian Energy Minister Alexander Novak (pictured) has said that Rosneft is interested in both oil and gas projects in Iran. But according to the report from Sputnik, he added that tt is premature to speak of specific projects until Iran presents an investment contract. “At present, there is only the understanding that it would be interesting to take […]