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>> ROSNEFT Latest News

MAY 13, 2015 - Business Insider

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Russian oil company furiously denies reports that Putin could raid its $34 billion cash pile

On Wednesday, notoriously publicity shy Russian oil and gas company Surgutneftegas (Surgut) came out swinging after a Bloomberg article accused the company of being used as the Kremlin's piggy bank. The firm, created in the early 1990s through merging a number of previously state-owned commodity companies in Western Siberia, has long been assumed to have close ties to Vladimir Putin. According to ...

Tags: Russian oil company furiously denies reports that Putin could raid its $34 billion cash pile,  Rosneft Latest News

MAY 12, 2015 - Business Insider

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Putin's relationship with the 'Saddam Hussein of Russian business' says a lot

Vladimir Putin's relationship with the "Saddam Hussein of Russian business" says everything about how deals are done in the country. Bloomberg's Irina Reznik reports that Putin might takeover a private oil company's $34 billion cash pile — possibly in order to help bailout out the state-controlled oil mega-giant Rosneft. The private oil company is Surgutneftegas (aka Surgut) and that cash pile ...

Tags: Putin's relationship with the 'Saddam Hussein of Russian business' says a lot,  Rosneft Latest News

MAY 06, 2015 - Business Insider

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Morgan Stanley renews U.S. oil storage deal ahead of trading unit sale

By Jarrett RenshawNEW YORK (Reuters) - Morgan Stanley's commodities group has renewed a refined product storage deal with TransMontaigne Partners L.P. seven months early, as the Wall Street bank plans to sell its physical oil business.In a statement on Wednesday, TransMontaigne said Morgan Stanley Capital Group extended its lease agreements for about 2.7 million barrels of refined product storage in ...

Tags: Morgan Stanley renews U.S. oil storage deal ahead of trading unit sale,  Rosneft Latest News