What is BP Rosneft?
BP is one of the biggest foreign investors in Russia. The first and the most important focus area of BP’s business in Russia is a 19.75% share of Rosneft. BP nominates two representatives to Rosneft’s Board of Directors: BP CEO Bernard Looney and former BP CEO Robert Dudley.
How much of Rosneft does BP own?
Rosneft
Rosneft Headquarters, Sofiyskaya Embankment, Moscow, September 2005 | |
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Total equity | $75.9 billion (2020) |
Owner | Rosneftegaz (50%) BP (19.75%) CEFC (14.16%) Moscow Exchange (10.38%) QIA and Glencore (5.34%) |
Number of employees | 334,600 (2019) |
Website | rosneft.com |
Who owns Rosneft oil company?
Its main shareholder (40.4% of shares) is ROSNEFTEGAZ JSC, 100% state-owned, 19.75% belongs to BP Russian Investments Limited, 18.46% to QH Oil Investments LLC, and one share belongs to the state represented by the Federal Agency for State Property Management (see Section Structure of Shareholder Capital).
Who is the CEO of Rosneft?
Igor Sechin (May 2012–)
Rosneft/CEO
Does BP own part of Gazprom?
BP has offered to hand over a majority stake in Kovykta, one of Russia’s most exciting gas projects, to the state-owned Gazprom. The concession follows mounting pressure from the Kremlin similar to that which forced Shell to cede control over the Sakhalin-2 scheme.
Where does Rosneft?
Russia
PJSC NK Rosneft operates in all major petroleum provinces of Russia including Western Siberia, Eastern Siberia, Povolzhskiy and Uralskiy regions, Far East, Timan-Pechora, Krasnodar Territory as well as the sea shelves of the Russian Federation including Arctic shelf. Rosneft is the leader of Russian oil refining.
Who does Gazprom supply?
In 2020, Gazprom Export LLC supplied a total of 174,9 billion cubic meters of gas to European countries. Western European countries and Turkey accounted for approximately 78 % of the company’s exports from Russia, while Central European states took 22 %.
What is the relationship between BP and Rosneft?
Rosneft and BP will now work together to support the integration of Rosneft and TNK-BP, ensuring the implementation of world-leading business and technological approaches. In addition BP and Rosneft intend to identify possible opportunities for joint work on standalone projects, both in Russia and internationally.
When did Rosneft take over tnkbp?
On 22 October 2012, it was announced that Rosneft will take over TNK-BP International, a parent company of TNK-BP Holding, which is the third largest oil company in Russia. BP will receive in exchange of its stake $12.3 billion of cash and 18.5% of Rosneft’s share, while ARR will receive $28 billion in cash.
What is BP doing in Russia?
BP has been a major investor in Russia over the last twenty-five years and holds a major stake in state oil company Rosneft, making it the largest shareholder after the Russian government. Russia accounts for around a third of BP’s production, and a quarter of the company’s profits. A Rosneft Oil spill in Khanty-Mansiysk district, Siberia.
What is Rosneft and what does it do?
Nowadays Rosneft is the leader of the Russian petroleum industry and the largest public oil and gas corporation in the world. The Company is included in the list of the Russian strategic companies.