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RNFTF: inactive security. FINRA deleted symbol.
https://otce.finra.org/otce/dailyList?viewType=Deletions
$RNFTF Rosneft Oil Company (RNFTF)
5.1794 ? 0.0 (0.00%)
Volume: 0 @-
Bid Ask Day's Range
5.2 7.0 - - -
RNFTF Detailed Quote
$RNFTF GOOD EVENING
This has the whole world on it
i am reading, thing about this they want bitcoin
re;
Rosneft says hit by "powerful" cyber attack
Rosneft (OTC:RNFTF) says it has been hit by a powerful cyber attack, in a statement that says it hopes the attack is unrelated to its ongoing legal battle with rival business group Sistema.
Rosneft is fighting a court case against Sistema and has demanded $3B in a lawsuit that alleges it stripped assets from oil company Bashneft during 2009-14; Rosneft now owns Bashneft.
Rosneft says oil production and preparation processes have not been affected.
Separately, CEO Igor Sechin says Rosneft aims to become the world's third largest gas producer and as cost-effective as Saudi Aramco.
"We must find the tools which will allow us to increase the efficiency of the company at all stages of the production chain - from oil and gas exploration to retail sales of oil products," Sechin writes in Russia's Izvestia newspaper.
Rosneft says hit by "powerful" cyber attack
Rosneft (OTC:RNFTF) says it has been hit by a powerful cyber attack, in a statement that says it hopes the attack is unrelated to its ongoing legal battle with rival business group Sistema.
Rosneft is fighting a court case against Sistema and has demanded $3B in a lawsuit that alleges it stripped assets from oil company Bashneft during 2009-14; Rosneft now owns Bashneft.
Rosneft says oil production and preparation processes have not been affected.
Separately, CEO Igor Sechin says Rosneft aims to become the world's third largest gas producer and as cost-effective as Saudi Aramco.
"We must find the tools which will allow us to increase the efficiency of the company at all stages of the production chain - from oil and gas exploration to retail sales of oil products," Sechin writes in Russia's Izvestia newspaper.
great message $RNFTF 'Rosneft Oil (RNFTF)'
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Venezuelan state oil company eludes default
Venezuelan state-owned oil company PdVSA paid $2.23B in bond principal and interest due Wednesday, beating back a threatened default as the country’s oil revenue dwindles.
Last year, PdVSA pledged 50% of its U.S. downstream subsidiary Citgo as collateral for a debt restructuring, and deployed the other half as collateral to obtain a $1.5B credit from Russian oil firm Rosneft.
Last month, PdVSA offered Rosneft (OTC:RNFTF) a 10% stake in its 120K bbl/day Petropiar heavy crude project, but existing minority partner Chevron (NYSE:CVX) has a right of first refusal for the stake; there is no indication that any part of the transaction has been executed.
Venezuelan state oil company eludes default
Venezuelan state-owned oil company PdVSA paid $2.23B in bond principal and interest due Wednesday, beating back a threatened default as the country’s oil revenue dwindles.
Last year, PdVSA pledged 50% of its U.S. downstream subsidiary Citgo as collateral for a debt restructuring, and deployed the other half as collateral to obtain a $1.5B credit from Russian oil firm Rosneft.
Last month, PdVSA offered Rosneft (OTC:RNFTF) a 10% stake in its 120K bbl/day Petropiar heavy crude project, but existing minority partner Chevron (NYSE:CVX) has a right of first refusal for the stake; there is no indication that any part of the transaction has been executed.
looks like U,S,A, better pay attention. that is ah lot of oil control
$RNFTF good afternoon, very important read/ 'Rosneft Oil (RNFTF)'
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Russian control of U.S. oil infrastructure feared if Venezuela defaults
A default by Venezuela could move the Russian government closer to gaining control of U.S. refineries and pipelines,
two U.S. congressmen warn in a letter urging the Treasury Department to review the situation.
The letter refers to a $1.5B loan that Russia's state-owned Rosneft (OTC:RNFTF) made in November to Venezuela's state-owned oil company PdVSA,
in which the Venezuelan company put up 49.9% of the equity in Citgo Petroleum as collateral; Citgo owns three refineries in the U.S.,
and a network of terminals and pipelines running across 24 states.
PdVSA has said it expects to make a $2.1B bond payment due tomorrow,
but Venezuela has spiraled into an economic crisis brought on by lower oil prices,
and the CDS market indicates the country has a 41% chance of default
or missed payment in the next six months.
The congressmen, the two ranking members of the Subcommittee on the Western Hemisphere of the House Committee on Foreign Affairs,
are asking Treassury to bring the matter before CFIUS,
the committee that reviews foreign takeovers of U.S. businesses.
Russian control of U.S. oil infrastructure feared if Venezuela defaults
A default by Venezuela could move the Russian government closer to gaining control of U.S. refineries and pipelines, two U.S. congressmen warn in a letter urging the Treasury Department to review the situation.
The letter refers to a $1.5B loan that Russia's state-owned Rosneft (OTC:RNFTF) made in November to Venezuela's state-owned oil company PdVSA, in which the Venezuelan company put up 49.9% of the equity in Citgo Petroleum as collateral; Citgo owns three refineries in the U.S., and a network of terminals and pipelines running across 24 states.
PdVSA has said it expects to make a $2.1B bond payment due tomorrow, but Venezuela has spiraled into an economic crisis brought on by lower oil prices, and the CDS market indicates the country has a 41% chance of default or missed payment in the next six months.
The congressmen, the two ranking members of the Subcommittee on the Western Hemisphere of the House Committee on Foreign Affairs, are asking Treassury to bring the matter before CFIUS, the committee that reviews foreign takeovers of U.S. businesses.
thnk you for updating/ 'Rosneft Oil (RNFTF)'
Reuters: Venezuela’s PDVSA offers Rosneft oil stake
Venezuela has offered Russian oil producer Rosneft (OTC:RNFTF) a 10% stake in a joint venture in its Orinoco Belt extra-heavy crude area, in a sign of the country's dire economic situation and Russia's growing influence there, Reuters reports.
State-run PDVSA owns 70% and Chevron (NYSE:CVX) holds 30% of the Petropiar venture, which includes an oil field and a 210K bbl/day oil upgrader.
you like this one ?????
Rosneft (OTC:RNFTF) has become Russia’s most valuable company, as its market cap exceeds Gazprom (OTCPK:OGZPY) for the first time since its shares began trading in 2006, Bloomberg reports."Rosneft is growing its free cash flow and should do better in a stronger oil price environment. Gazprom’s free cash flow is on the way down and unlikely to reverse soon," says an energy analyst at Renaissance Capital.Gazprom still dwarfs Rosneft by production at ~8M boe/day to Rosneft's ~5M boe/day.
Thank you for the comments. I do agree with your points.
Central bank efforts shoring up their own currency and it took some time for the RUB and Western sanctions to correlate.
It could rise and fall some more.
The Chinese $400 Bill deal is a pipe dream and a smokestack PR laying down way to much BS.
In long run by being photographed Xi and Putin together and making so much of something that will never occur will only make them look dumber than they already are.
It was nothing more than a photo op. Two wannabes trying to be somebodies is way I look at it.
If China is so big and bad then why have they devalued their currency? They've been running their mouths off for 8 years in how the world should add Yuan to reserve currency status. This latest move shows they are unstable as we always knew.
They just set their country back 20+ years in how the world views them. Intervening in their stock market crash is another example of how 3rd world they are.
They have bubbles in their stock market, real estate market and they overpaid for oil and gas assets around the globe over the last 10 years in their stupid binge buying. Just like the Japs did in the 80's now look at them as well.
China may have over 1 billion+ people but their govt is communist and their form of capitalism inside communism bubble just proved to not work.
Their markets are not internally developed with respect to penetration and development. They are 50 years behind us to that regard for consumption. They are an export driven country and that's been hurting them for over 8 years since the meltdown shoved US consumers under the table.
Don't believe what I say? Take a look at the ghost factories on the coastline of china that have been mothballed because the workers finally said enough and started striking 6 years ago for higher wages. So the Chinese govt made rail lines into the interior of China where they are now exploiting the last bastions of cheap labor with peasants. When they rebel in the next 10+ years what will be chinas play then? That's why china has lost it's edge and more companies are coming back to US and leaving China to manufacture their goods here. It's a trickle but nonetheless does not get mainstream US media attention.
@Mav - really appreciate the detailed reply. Full of interesting comments and information. Why is the ruble performing now after such a decline, is it sort of a dead cat bounce or central bank efforts?
BP has a 20% stake in Rosneft. The Putin mafia owns the rest.
Defunding projects is part political and part falling oil prices.
The ruble has strengthened recently amid falling prices.
It's being propped up.
I trade this on the MICEX and GAZ it's cheaper but doesn't run as high than the listing on the OTC. American markets much more transparent and more $ drives it higher on OTC rather than MICEX. However I do trade this on MICEX on ups and downs smaller gains but I still make $. OTC listing has been sliding which is great for a shorty. :)
So I trade on both.
BTW- BP owns a 20% stake in Rosneft. Make no mistake the defunding of projects is a direct shot at BP to devalue their interest by the little midget St. Petersburg mafia man Putin. The Chinese are behind the defunding trying to push Western British aligned BP out of Rosneft.
9 times out of 10 anything Rosneft or Gazprom inks with anyone doesn't come to fruition with actual deals. Matter of fact they sign them and they then turn the deals 12+ months later into a letter of understanding which is more symbolic rather than an actual contract of execution.
Basically it's amateur hour PR from two wannabee Communist countries to show they are militarily aligned now and economically allegedly. The smoke and mirrors behind it is China is playing Putin. Putin has no where to turn to he boxed himself in financially like the idiot that he is. The only reason their O & G sector rose in Russia the last 10 years is because of American know how with technology and access to $. Western countries sanctioned them and now what they are doing the only thing they can do...run for the hills to China. Good luck with that asine move.
If China IS such a powerful country and trading partner to Russia then why is their O & G sector in so much trouble along with a falling Ruble? China lacks the American technology, experience and $ to help Putin.
They are both paper tigers.
Non-binding basically they could come out and say hey it's a 1 trillion dollar Chinese oil deal but in end nothing happens it's hot air and the US brain trusts knows the real truth of it and reality of any project they say they are doing is 9 times out of 10 hot air and malarkey.
Out of the oil rhetoric that's coming out of Moscow and Beijing the only real thing that will probably come out of all it will be the recent East Siberian pipeline (much smaller $30 bil) than West Siberian ($400 Bill pipe dream) that will connect to the Eastern Industrial Centers in China and that's it.
Russia's Rosneft (OTC:RNFTF) has signed documents with China worth more than $30B to jointly develop oil and gas fields in Russia, company president Igor Sechin says.
Under the agreement, Sinopec (NYSE:SNP) has the right to buy a 49% stake in its subsidiaries that hold the exploration licenses for the Russkoye and Yurubcheno-Tokhomskoye fields, part of an agreement on cooperation within the proposed joint development of the two oil fields.
Rosneft also says it reached a preliminary agreement for the potential acquisition of a 30% stake in a ChemChina subsidiary.
Rosneft (OTC:RNFTF) says its Q2 net profit fell 21.6% Y/Y to 134B rubles ($2.05B) from 171B rubles a year ago on 8.6% lower revenues of 1.31T rubles, thanks to plunging crude oil prices as well as higher transportation tariffs and taxes.
The Russian government will not fund four of the five projects for which Rosneft (OTC:RNFTF) had requested financing from the country's sovereign wealth fund, the economy minister said today.
The decision reflects the growing pressure on Russian government resources and is a further blow to Rosneft’s ambitious growth plans; last year, the energy group asked for more than $40B in state support but later trimmed its request to just five projects requiring ~300B rubles ($4.3B).
Rosneft (OTC:RNFTF) CEO Igor Sechin says the company will shift its focus to increasing production at existing oilfields, which Financial Times says is a tacit admission that weak oil prices and economic sanctions are thwarting plans for new projects.
Rosneft and AVTOVAZ Strengthen Strategic Cooperation
Rosneft President, Chairman of the Management Board Igor Sechin and AVTOVAZ President Bo Inge Andersson signed an Agreement of development of strategic cooperation, which significantly expands the scale of partnership between the companies.
DETAILS
Russia's largest oil company was reported to have asked the government for help to cover its massive debt.
amazing- hugest # from these giants.. and funny how we all happily, get along, when $ is in deals. ;)
US extends Russia sanctions to 7 officials, 17 companies linked to Putin
The US on Monday said it has imposed sanctions on seven Russian government officials, including Igor Sechin, president and chairman of state-owned oil company Rosneft, in response to the escalation of tensions in Ukraine.
DETAILS
Rosneft to sell 2 mln T of oil to BP for up to $1.5 bln
The board of Russia's top oil producer, Rosneft, has approved deals to sell more than 2 million tonnes of crude oil, worth more than $1.5 billion, to BP, the Kremlin-controlled company said in a regulatory filing on Monday.
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