(Oilprice.com – Irina Slav – May 5, 2020) When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite a bit more than it was asked to at the ill-fated March meeting. It is now doing its best to achieve its promised cuts. […]
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March was the cruelest month for one of Russian President Vladimir Putin’s longest-serving and most hawkish confidants[,] Igor Sechin … head of state oil company Rosneft …
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“The blame game over a [Russian oil industry] contamination scandal … has breached … Putin’s inner circle. Igor Sechin, head of Rosneft, the world’s biggest publicly-traded oil company, and Nikolai Tokarev, the boss of Transneft, the world’s largest pipeline network, are embroiled in an unusually public and rancorous dispute over their companies’ responses to the contamination of Russia’s Druzhba (“Friendship”) […]
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Rosneft, Russia’s state-controlled oil company … the largest oil producer in the country, plans to develop an Arctic cluster of oil fields over the next five years. These plans by Rosneft – led by a close [Putin] ally … Igor Sechin – fit [Putin’s] ambition to develop Arctic oil and gas resources and adjacent regions, as well as the so-called Northern Sea Route – a shipping lane through Russian Arctic waters … from Europe to the Far East. …
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(Oilprice.com – Irina Slav – November 15, 2018) Rosneft is fine with any level of oil prices, chief executive Igor Sechin told Kommersant radio station as quoted by news agency TASS. “We manage risks. If prices fall, we will work on increasing our market share,” Sechin said, adding that if prices continued their current slide, Rosneft would focus on maintaining […]
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(Article ©2018 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – April 5, 2018 – also appeared at rferl.org/a/us-reported-poised-impose-new-sanctions-russian-billionaires/29146529.html) The United States plans to impose a new round of sanctions on Russia, this time targeting Russian billionaires with ties to President Vladimir Putin, media are reporting. Reuters and The Washington Post, citing U.S. officials speaking on condition of anonymity, said at […]
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“… CAATSA moderately increases the pressure …. It extends the restrictions on investing in new Russian oil and gas projects to the operations of Russian firms in third countries. … the effectiveness of these new sanctions, which the administration is allowed to pause until late January, is undermined by the fact that European firms have been ring-fenced from their effects. Gazprom … has […]
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“The high-profile trial of former Russian economy minister Alexei Ulyukayev is not playing out according to the script that most analysts had expected. The prosecution’s case increasingly relies on the testimony of one man, state oil chief Igor Sechin, making this master of Kremlin intrigue potentially politically vulnerable. The powerful reputation of the official said to be Russia’s second most […]
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(Moscow Times – themoscowtimes.com – March 1, 2017) A Moscow court has overturned the decision to fine independent Russian news outlet RBC for libelling oligarch and Putin ally Igor Sechin. An RBC report published in April 2016 claimed that Sechin, the CEO of Russian oil giant Rosneft, had asked Russian President Vladimir Putin to block the company’s minority stakeholder from […]
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Russia’s economic and political problems are piling up, and they may be putting members of the country’s more liberal circles at risk. In the most high-profile arrest to be made in post-Soviet Russia – and arguably, since the 1950s – Economic Minister Alexei Ulyukayev was detained … on charges of bribery and extortion. … Russian authorities [said] Ulyukayev received $2 […]
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“The man in charge of Russia’s largest oil company Rosneft is skeptical about a global crude production freeze or cut, despite President Putin’s pledge to cooperate with OPEC.”
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(Bloomberg – bloomberg.com – Eduard Gismatullin – April 27, 2016) Russian President Vladimir Putin is on the verge of realizing a decade-old dream: Russian oil priced in Russia. The nation’s largest commodity exchange, whose chairman is Putin ally Igor Sechin, is courting international oil traders to join its emerging futures market. The goal is to increase revenue from Urals crude […]
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(Business New Europe – bne.eu – MOSCOW BLOG: Ben Aris in Moscow – March 26, 2015) A rumour was doing the rounds in Moscow on March 25: Russian President Vladimir Putin is due to hold a big press conference on March 26 and will sack the entire cabinet – presumably including Russian Prime Minister Dmitry Medvedev – and appoint a […]
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(Moscow Times – themoscowtimes.com – Christopher Brennan – March 20, 2014) Opposition leader Alexei Navalny, currently under house arrest in connection with a criminal case against him, has written an op-ed for the New York Times in which he calls for sanctions on officials and businessmen connected to President Vladimir Putin. Saying that previous U.S. and EU sanctions in response […]
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