Word: rosneft
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...billion as the state has been forced to spend to bail out state-run banks and prevent abrupt devaluation of the weakening ruble. There is no telling if the policy has worked, though, and there's worse to come: major state-run corporations such as Gazprom and Rosneft, as well as Russia's regional governments, have accumulated debts amounting to some $448 billion that can't be paid without the help of the federal government. Deputy Prime Minister Igor Sechin has just called for another $100 billion to bail out major companies, which can expect to jump ahead...
...announced that Russia would lend Venezuela over a billion dollars to fund purchases of Russian weaponry in the next few years, which complements the joint naval and air exercises agreed upon this summer. Moreover, the two countries signed deals that allow Kremlin-controlled energy behemoths Gazprom and Rosneft to invest in Venezuela, less than two years after Chavez nationalized all assets from European and American companies in the country...
...Business even wants the government to reduce the required two months' severance pay for laid-off workers to a single month. Meanwhile, in the past two months, Russia's hard currency reserves have plummeted $51 billion down to $546 billion. Putin has just given another $50 billion to Gazprom, Rosneft, Lukoil and other energy conglomerates to pay their accrued foreign debts by the end of this year. Russian companies and banks are to pay yet another $115.7 billion by the end of 2009. Furthermore, Moscow will have to pick up the tab for debts accrued by regional governments...
...headaches caused by Sarbox, as it is sometimes called, have worked to London's benefit. From Russian Big Oil (Rosneft) to a Peruvian silver mining group (Hochschild), international businesses together raised $19.6 billion on London's exchanges last year. The number of international firms on the lse's Alternative Investment Market (aim) - the lightly regulated bourse for small-cap companies - has doubled in the past two years to more than 300 (prompting accusations from the n.y.s.e. that aim lacks rigorous enough standards; the lse said the claims appeared "to indicate a misunderstanding about the operation and regulation...
...misgivings have grown as the Kremlin has reasserted control over Russia's energy resources. The rise of Rosneft is typical. Founded in 1993, Rosneft was for years an insignificant holding company overseeing a jumble of small oil fields. Since getting hold of the Yukos assets, which it nominally acquired from an unknown finance company whose address was a café in the city of Tver, it has become the nation's third largest oil company, producing 1.5 million bbl. per day. While president Bogdanchikov is an oil-industry expert, the chairman of the board is Igor Sechin, Putin's deputy...