Sechin predicts oil price to reach $50-55 per barrel by end of 2016, $65 per barrel by end of 2017

Igor Sechin file photo

MOSCOW. June 22 (Interfax) – Oil prices will reach the levels of $50-55 per barrel by the end of 2016 and $65 per barrel by the end of 2017, Rosneft (MOEX: ROSN) CEO Igor Sechin said during an interview with Rossiya-24 television. “The current volatility will continue. We think that by the end of the year we will stably reach […]

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Putin Doesn’t Make Decisions Under Pressure, Sechin Says

Igor Sechin file photo

(Bloomberg – bloomberg.com – Ilya Arkhipov, Ryan Chilcote – September 30, 2014) President Vladimir Putin won’t be swayed by sanctions over Ukraine because he doesn’t allow such pressures to affect his decisions, said Igor Sechin, head of OAO Rosneft (ROSN), Russia’s biggest oil company. “He will never let himself be pressured into making a decision,” Sechin, who’s worked with the […]

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Sechin Sues Forbes for ‘Highest-Paid Executive’ Rating

Igor Sechin file photo

(Moscow Times – themoscowtimes.com – May 28, 2014) Rosneft head Igor Sechin has filed a lawsuit against journalists and publishers of the Russian edition of Forbes and Komsomolskaya Pravda for an article he says threatens to damage his business reputation. The lawsuit, filed on May 15, demands that the journalists and publishers behind a November report describing him as the […]

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Changes in Regulations Could Help Break the Offshore Ice

Polar Map Showing Permafrost Areas, Adapted From NOAA.gov Graphic

(Moscow Times – themoscowtimes.com – Alexander Panin – February 3, 2014) State-controlled oil giant Rosneft had a very good year. That is what company chief executive Igor Sechin told Prime Minister Dmitry Medvedev on Friday at a meeting to review Russia’s largest oil producer, whose capitalization grew by 18 percent to $73 billion at the end of 2013. Sechin’s optimism […]

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Echoing Soviet Era, Putin Uses Oil Giant Rosneft to Tighten Economic Grip

File Photo Rosneft and Russian Flags Next to Rosneft Banner

(Bloomberg – bloomberg.com – Irina Reznik, Stephen Bierman and Henry Meyer – January 30, 2014) The record stretched across the history of the party and its socialist predecessor — from the first meeting in March 1898 to the last one in July 1990, a year and a half before the Soviet Union collapsed, Bloomberg Markets will report in its March […]

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Greenpeace Rebuffs Talk of Arctic Protest Conspiracy

Polar Map Showing Permafrost Areas, Adapted From NOAA.gov Graphic

(Moscow Times – themoscowtimes.com – Yekaterina Kravtsova – November 1, 2013) In early October, Rosneft head Igor Sechin made a brief, enigmatic comment suggesting that there was more than meets the eye behind a Greenpeace protest Sept. 18 against a Gazprom oil rig in the Arctic, an action that resulted in the arrest of 30 people and a black eye […]

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Sechin Accused of Corporate Misconduct by TNK-BP Shareholders

Igor Sechin file photo

(Moscow Times – themoscowtimes.com – September 13, 2013) Rosneft president and Kremlin insider Igor Sechin is facing accusations of corporate misconduct that could be reviewed by the Russian Union of Industrialists and Entrepreneurs, or RSPP, within a week, a news report said Friday. Gennady Osorgin, a minority shareholder in the Rosneft-owned TNK-BP Holding, sent a complaint regarding Sechin to RSPP’s […]

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Amid Controversy, New Pussy Riot Video Targets Oil Industry

Oil Well file photo

(RFE/RL – rferl.org – RFE/RL’s Russian Service – July 16, 2013) Amid an apparent split in the ranks, the feminist punk performance-art group Pussy Riot has released a new music video lashing out at the oil industry; Igor Sechin, the head of Russia’s largest oil company Rosneft; and others. Copies of the video were released to RFE/RL on July 16 […]

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Bright Days for Putin’s Dark Knight

Igor Sechin file photo

(Institute of Modern Russia – imrussia.org – Donald Jensen – March 19, 2013) Despite rumors of his waning influence, Rosneft chief Igor Sechin remains one of the most powerful members of Russia’s ruling establishment. Donald N. Jensen, Resident Fellow at the Center for Transatlantic Relations at the Johns Hopkins School of Advanced International Studies, discusses Sechin’s latest “string of triumphs.” […]

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The war between the president’s men

Putin Descending a Staircase file photo

(Dmitri Travin – opendemocracy.net – November 6, 2012 – Dmitri Travin is Research Director at the European University in St. Petersburg’s Centre of Modernization Studies) The Russian regime may present a united front to the world, but behind the scenes the cracks are beginning to show. In the week when Putin fired a senior government member, Dmitri Travin looks at […]

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Rosneft Deal Shows Ex-KGB Spy’s Influence Under Putin: Energy

Igor Sechin file photo

(Bloomberg – bloomberg.com – Matthew Campbell – October 24, 2012) As a small army of advisers from eight investment banks huddled in London last weekend to negotiate Russian state oil company OAO Rosneft (ROSN)’s agreement to acquire BP Plc (BP/)’s Russian venture, the deal’s most important player had already left the country. Igor Sechin, 52, a former Soviet spy and […]

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The return of Sechin: An apparent compromise in a government rivalry places Putin’s key ally back in the picture

Igor Sechin file photo

(Moscow News – themoscownews.com – Anna Arutunyan – October 15, 2012) President Vladimir Putin has reportedly okayed a plan by the state-owned Rosneft oil company to buy BP’s 50 percent stake in TNKBP ­ and this may be part of a larger compromise with Putin’s key ally, Igor Sechin, who controls Rosneft. That compromise, analysts said, could affect everything from […]

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NEWSLINK: Kremlin oil control drive could backfire

Oil Well file photo

Kremlin oil control drive could backfire – Reuters – By Dmitry Zhdannikov – September 27, 2012 –  click here for original article Reuters reports on the Russian government’s efforts to bring more oil assets under state control.  Critics charge that growing state control could cripple industry, strain budget resources and even cause social unrest. Some observers warn that paradoxically the […]

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Battle between liberals, Siloviki heats up over Rosneftegaz cash

Igor Sechin file photo

(Business New Europe – September 21, 2012) Russian Prime Minister Dmitry Medvedev has ordered his cabinet to draw up urgent plans to “seize” 95% of the RUB130bn (€3.2bn) sitting on Rosneftegaz’s accounts to meet President Vladimir Putin’s demands to increase spending on state salaries and infrastructure investment. The move would emasculate Rosneftegaz CEO and Kremlin insider Igor Sechin’s plans to […]

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