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With Russian President Vladimir Putin in India, Rosneft slams Indian taxation system
Fri, Oct 05, 2018
The Indian market's potential is unparalleled and "that's why we love to invest in India," he said at a business event here. However, India needs to streamline its taxation system with international regime and not double tax foreign investors, he said.
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Essar Oil picks Trafigura, BP for $1 billion oil-backed loan, as Indian refiner`s new owners seek to diversify financing base
Tue, Mar 20, 2018
Russian oil major Rosneft, fund UCP and Swiss commodities trader Trafigura bought Essar Oil`s large refinery, 3,500 fuel stations and infrastructure for $12.9 billion last year. Essar Oil has long relied entirely on funding from Indian banks while the new shareholders want to reduce exchange costs by adding alternative financing sources and directly use dollars to buy its oil instead
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Deal with Rosneft is U.S. sanctions-compliant, says Prashant Ruia
Mon, Oct 17, 2016
He said the deal did not violate the economic sanctions imposed by the U.S. government on Russian entities over Russia`s role in the Ukraine crisis. "The way it is structured, it is fully compliant. We are well within the rules that govern Russian companies."
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Russian oil majors Rosneft, Gazprom Neft raise output of hard-to-recover crude
Mon, Sep 26, 2016
Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, to counter declining conventional output, showing the complexities facing producer nations seeking to tackle a global oversupply of crude.
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