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Russia may delay Rosneft privatisation

Russia said on Tuesday it may not cede control of oil giant Rosneft until 2016 despite efforts to shore up the struggling economy through partial sales of big state firms. First Deputy Prime Minister Igor Shuvalov said the recommendation to push back Rosneft's selloff by at least a year came from "experts" who advise the cabinet on its current three-year $50-billion (37-billion-euro) privatisation drive. "If earlier we thought this could happen in 2015, then now experts say that it may be better to wait until 2016," the RIA Novosti news agency quoted Shuvalov as saying.

Rosneft profits soar 55% thanks to TNK-BP

Russia's top oil producer Rosneft reported on Tuesday a 55-percent yearly rise in third-quarter profit that came thanks to the unplanned jump in the value of its crucial TNK-BP acquisition. The ambitious state-owned firm said that $5.2 billion (3.8 billion euros) of its $8.8 billion (6.4 billion euros) in quarterly profit came from "the effect of the preliminary revaluation of TNK-BP assets." It attributed other quarterly gains to higher crude prices and an uptick in refining volumes.

Exclusive: Rosneft cuts output forecast at pivotal Siberian field

By Katya Golubkova MOSCOW (Reuters) - Rosneft has cut its output forecast for a field that is pivotal to its Asian export strategy, even as boss Igor Sechin pledges more oil for China and seeks cash backing from Beijing to fund ambitious expansion plans and ease debt. The world's largest listed oil company by output, Rosneft <ROSN.MM> has cut the forecast for the Vankor field in East Siberia, according to a document obtained by Reuters.

Rosneft gives China access to East Siberia oil

Russia's top oil producer Rosneft signed a memorandum on Friday giving the world's largest crude importer China its first direct access to East Siberian energy fields. The preliminary agreement with China National Petroleum Corp (CNPC) aims to help Rosneft meet the terms of a $270-billion deal signed in June doubling Russia's oil exports to its giant neighbour over 25 years.

Rosneft oil makes $1.4-bn move into natural gas

Russian oil giant Rosneft on Friday agreed to purchase the natural gas assets of top world diamond producer Alrosa for $1.38 billion as it expands into a market dominated by its fellow state-controlled rival Gazprom. Rosneft said it had also selected two contractors to design a liquified natural gas (LNG) plant in Russia's Far East that it plans to operate under an agreement with US major ExxonMobil.

Rosneft buys out Itera founder for $3 billion: paper

By Katya Golubkova MOSCOW (Reuters) - Rosneft <ROSN.MM>, Russia's top oil producer, plans to complete its acquisition of gas company Itera, a newspaper reported on Tuesday, strengthening its domestic market position as it seeks to chip away at Gazprom's <GAZP.MM> export monopoly. Rosneft already owns a 51 percent stake in Itera, which used to be Russia's second-largest gas producer, and its board has approved the purchase of the remaining 49 percent for around $3 billion, the Kommersant daily reported citing sources.

Rosneft beats outlook despite 13% profit fall in Q1

Russia's largest oil producer Rosneft said Tuesday that its net profit slipped 13 percent to $3.3 billion in the first quarter, a period that set the stage for a phenomenal leap in income as a result of its acquisition of the Anglo-Russian joint venture TNK-BP. The state oil firm's reported profit for the first three months of the year was slightly above the consensus. The drop was largely attributed to seasonal factors that lead to weaker sales of petroleum products.

Rosneft, Japan's Marubeni ink LNG deal

Russia's Rosneft state oil giant announced Wednesday that it had signed a framework agreement with Japan's Marubeni Corporation for the possible construction of a liquified natural gas plant in the Russian Far East. The announcement marks one of Rosneft's biggest efforts to date to diversify beyond the oil market and present a direct challenge to Russia's natural gas firm Gazprom.

Rosneft to borrow TNK-BP's cash, names new executives

MOSCOW (Reuters) - Rosneft <ROSN.MM>, Russia's top crude producer, said its board had approved taking five-year loans from TNK-BP <TNBP.MM> totalling up to $9.7 billion (6.3 billion pounds) as a way to tap free cash in the company it acquired last week. The company also announced changes in its management team after completing the $55 billion TNK-BP acquisition from BP <BP.L> and the AAR consortium of Soviet-born tycoons.

RPT-BP lost again in Arctic deal to ExxonMobil -sources

By Melissa Akin MOSCOW, March 4 (Reuters) - BP, which lost its first deal to drill for oil in Russia's Arctic to ExxonMobil, tried to negotiate a new deal with Russian state oil company Rosneft and was again beaten to the punch by its U.S. rival. ExxonMobil won access to the Arctic Laptev Sea fields, where Rosneft's prospective reserves amount to 36 billion barrels of oil equivalent, under a deal last month, but three industry sources said BP had also been in talks with Rosneft to explore several blocks there.
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