Tuesday, December 23, 2014

LUKOIL sold “Rosneft” 20% of National Oil Consortium – RBC

LUKOIL sold "Rosneft" 20% of National Oil Consortium – RBC

LUKOIL sold “Rosneft” 20% of National Oil Consortium (NOC). Thus the share of the latter in NNK increased to 80%.

As specified in the message of “Rosneft”, the remaining 20% ​​belong to the NOCs’ Gazprom Neft ».

The amount of the transaction the company did not disclose, but A source close to one of the parties to the transaction, RBC says that LUKOIL “rescued historical costs of the project.” Share of NOCs cost Lukoil at $ 200 million.

NOC was established in October 2008 as part of the expansion of Russian-Venezuelan economic cooperation. In 2010, the NOC and the Venezuelan company PDVSA registered PetroMiranda joint venture to develop the block “Junin-6″ (60% owned by the Venezuelan side, 40% – Russia), located in the basin of the heavy oil belt of the Orinoco River. Geological reserves of the block are 8.5 billion tons. It is expected that the designed capacity, the field will produce up to 450 thousand. Bbl. / Day.

According to the head of the company Vagit Alekperov (his words are reported ), the sale of shares in the NOC will allow Lukoil to focus on a number of strategically important projects in Russia and abroad, and to optimize the investment structure, giving the basic funding for the development of the assets at the stage of production ».

According to the report of” Rosneft ” consolidation management consortium “will significantly improve the operational control and a positive impact on the effectiveness of the project” Junin-6 ».

« Rosneft “consistently increasing its cooperation with Venezuela. The company this year for the first time won the right to commercialize the Venezuelan oil. Venezuela has the most promising resource base in the global oil industry, and taking into account the reduction in future production from shale deposits US and Canada, it was the Venezuelan oil can be part of the replacement of retiring volumes in these markets, “- are reported words of the head of” Rosneft “Igor Sechin .

LikeTweet

No comments:

Post a Comment