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

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

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

Eni-Petronas JV Starts Indonesia-Bound FPSO Construction

Velesto Frees Up Drilling Rig After Early Contract Termination off Indonesia

EnQuest Clears Key Hurdle for $833M Malaysia Offshore Deal

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Current News

TenneT Completes Drilling, Installation of Protective Conduits for Wind Farms

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

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