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Windfall tax on diesel export hiked to ₹1 per litre

The government has hiked the windfall profit tax on export of diesel to ₹1 per litre while the levy…

PTI   


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India could import even more Russian oil under new agreement as state-run refiners look to load up on discounted crude

India may move to import more oil from Russia, Bloomberg reported Monday, with state-run producers …

Brian Evans   


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Oil giant Rosneft plans to pay out record dividends amid intensifying sanctions and Russia stands to be the biggest winner

Rosneft posted record profits last year thanks to an oil price rally as demand recovered on easing …

Huileng Tan   


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Russia's biggest oil company has slashed its production levels as sanctions bite, report says

Russian oil output has dropped since February, with state-owned Rosneft taking the brunt of the hit…

Harry Robertson   


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1 min read

Russia's state-run oil producer is racing to sell its crude before tighter sanctions take hold

Rosneft also wants 100% of its oil to be prepaid before delivery and is accepting dollars, euros, C…

Brian Evans   


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BP falls 8% after cutting ties with Russian oil giant Rosneft, adding to mounting financial woes following the Ukraine invasion

"It has led the BP board to conclude, after a thorough process, that our involvement with Rosneft, …

Matthew Fox   


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BP stands to make 'blood money' from its stake in Kremlin-backed oil giant Rosneft, Zelenskyy aide says

BP said it would sell its near-20% stake in Rosneft in February after Vladimir Putin invaded Ukrain…

Ryan Hogg   


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Germany seizes control of 3 oil refineries owned by Russian giant Rosneft to brace for winter energy crisis

Germany said the seizure "counteracts the impending threat to the security of the energy supply" af…

Zahra Tayeb   


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Jennifer Sor   


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1 min read

Expensive oil boosts Russian energy giant Rosneft's profit 13% to $7 billion in the first half of the year despite war-time sanctions

Russia's biggest state-run oil major is pulling in more profits than last year even as the West san…

Phil Rosen   


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1 min read

Russia's Rosneft paid just $1 for a Norwegian oil major's main assets when the Ukraine war forced it to exit the country: report

Norwegian energy giant Equinor sold the JV stakes to be able to drop its investment pledges, as Wes…

George Glover   


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Russia's Rosneft keen to bid for BPCL

Sechin first met Pradhan over breakfast, and then in delegation-level talks expressed interest in …

PTI   


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BP dumps 20% stake in Russian oil giant, says its partnership with Rosneft 'simply cannot continue' following attacks on Ukraine

The CEO of BP said Russia's attack on Ukraine caused his company to "fundamentally rethink" its bus…

Hannah Towey   


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1 min read

India is trying to strike new crude-oil deals with Russia but Russia's oil giant Rosneft doesn't have any extra oil left, report says

Rosneft said it has already committed sales to other customers and doesn't have volumes to sell.

Huileng Tan   


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India in talks with Rosneft to invest in Far East Russian cluster: Pradhan

Mumbai, Dec 17 () Union Oil Minister Dharmendra Pradhan said India is in talks with Russia's oil gi…

PTI   


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1 min read

LIC wants Essar to clear all dues to give NOC to its deal with Rosneft

Now that LIC has taken a stand, it remains to be seen whether the all-cash transaction gets all the…

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2 mins read

India's biggest deal worth Rs 72,800 crores: Essar oil sells to Russia's Rosneft

The all-cash deal will give Rosneft and its partners control of Essar's 20 million tonne refinery i…

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4 mins read

Russian oil behemoth Rosneft suspends an oil project in the Black Sea because of western sanctions

Energy exports are the backbone and muscle of the Russian economy, and Moscow has long been keen to…

Elena Holodny   


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Essar Oil to sell 49% stake to Rosneft for $3.2 billion

After this move, Rosneft will get a hold in India's second biggest oil refinery and 1,600 petrol pu…

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2 mins read

Russian central bank admits massive Rosneft bond sale fuelled the ruble crash

She said: "No, it did work! Inflation would have been much higher if we had not moved to a floating…

Tomas Hirst,Tomas Hirst