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

Energean Lifts Karish Fields FPSO Oil Processing Capacity

Oil Rises on Dual Shipping Threat in Hormuz and Red Sea

Inpex Starts Construction of Indonesia's Abadi LNG Project

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Oil Surges to Four-Week High as US-Iran Trade Blows

Velesto Terminates NAGA 3 Jack-Up Rig Sale to Indonesian Firm

Noble Gets $136M Brunei Drillship Job

Floating Nuclear: A New Offshore Energy Frontier

Saipem to Sell Saudi Shallow-Water Drilling Business to ADES for $285M

Aramco Picks McDermott for Energy Projects in Saudi Arabia

Current News

Serica Energy Agrees $194M Pharos Energy Acquisition

Oil Eases After Topping $100, Still Set for Weekly Rise

BP Moves Indonesia CCUS Project Into Offshore Installation Phase

Eni-Petronas JV Starts Indonesia-Bound FPSO Construction

QatarEnergy Prolongs LNG Force Majeure, Charters Out Tankers

Chevron Enlists Velesto’s Jack-Up Rig for Drilling Job off Malaysia

ABL Gets Papua New Guinea FSO Job

Energean Lifts Karish Fields FPSO Oil Processing Capacity

Oil Rises on Dual Shipping Threat in Hormuz and Red Sea

ADNOC Approves $6.2B Offshore Umm Shaif Gas Project

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