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

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP Launches Gas Production at Azerbaijan’s Giant ACG Field

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Petrobras Nears Deal With SBM Offshore for Two Sergipe FPSOs

Mitsui Eyes New LNG Investments to Power Data Center Growth

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Current News

Oman’s Block 50 Offshore Drilling Ops Face Further Delays

Aramco Picks McDermott for Energy Projects in Saudi Arabia

Velesto’s Jack-Up Rig Up for Gulf of Thailand Drilling Campaign

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Capricorn Energy Grants Third Extension for Potential Takeover Offer

Ichthys LNG Strike Causes Delay to Taiwan-Bound Cargo

Indonesia Targets Higher Oil and Gas Output in 2027

Inpex Faces Threat of Broad LNG Loading Ban as AU Labour Dispute Deepens

INEOS Inks LNG Supply Deal with Marubeni for Asian Markets

Cambodia Starts UN Process to Resolve Maritime Dispute with Thailand

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