Russneft: No Plans to Merge with Neftisa

Posted by Michelle Howard
Thursday, April 5, 2018
Russian oil producer Russneft said on Thursday that it had no plans to merge with Neftisa, but said the idea had been discussed many times.

Russneft was responding after sources told Reuters that Russia's top state lender Sberbank opposed a plan by billionaire Mikhail Gutseriyev to merge his oil assets, Russneft and Neftisa, into one firm and replace co-owner Glencore.

Russneft said in a statement on Thursday that Glencore would remain its main partner.

"The idea of uniting Russneft and Neftisa has been spoken of many times, but for now the idea remains an idea and there are no plans to actually implement it," the statement said.
Reporting by Oksana Kobzeva Writing by Andrew Osborn
Categories: Energy Fuels & Lubes Mergers & Acquisitions People & Company News

Related Stories

Eni Agrees Indonesian Gas Asset Sales to Pertamina and Medco

Iran Weighs US Response as Hormuz Reopening Talks Stall

Oil Industry Braces for Years of Market Disruption

Eni Taps Yinson Production for Major Ghana FPSO Gas Upgrade

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

TGS to Reprocesses Seismic Data for Petronas’ Megah Discovery

KKB Unit to Deliver Offshore Structures for Shell’s Malaysian Fields

Arabian Drilling Inks $533M Deal for Four Jack-Up Drilling Rigs

Finder Energy Clears Environmental Hurdle for Timor-Leste Oil Project

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

Current News

Oil Caught Between Trump's Russia Supply Push and Middle East Risks

Eni Agrees Indonesian Gas Asset Sales to Pertamina and Medco

Riyadh Attacks Disrupt Oil Majors' Summit Plans

Iran Weighs US Response as Hormuz Reopening Talks Stall

Valeura Starts Wassana Platform Installation Offshore Thailand

Oil Stabilizes as IEA Moves to Speed Up Emergency Stock Releases

Yinson Production Raises $1.46B to Refinance Agogo FPSO

Oil Climbs on US Storm Threat, Saudi Attack Risks

KBR to Support Aramco’s Marjan Offshore Field Upgrade

Oil Industry Braces for Years of Market Disruption

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com