Vostok Oil to Shuffle Shares

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Russian President Vladimir Putin signed on Nov. 4 an order allowing transactions with the shares of the Vostok Oil Artic venture led by state-controlled Rosneft. The move is seen as an indication that shares in Vostok Oil are to change hands. Following Putin's August decree banning strategic assets sales by foreigners in Russia, any such deals require permission from the Kremlin.

Sanctions, M&A
Wanda Ad #2 (article footer)
Novatek’s plans to build the new Murmansk LNG plant reflect Moscow’s sanctions-driven shifts in its gas export strategy.
Wed, May 31, 2023
The Russian government's oil and gas revenues fell by about 12% in May versus April and were also down by 35% compared with May 2022.
Mon, Jun 5, 2023