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Latest Finance News related to Igor Sechin

Leak reveals Rex Tillerson was director of Bahamas-based US-Russian oil firm image
.... In 2013, Putin awarded him the Russian Order of Friendship. Tillerson is close to Igor Sechin, the head of Russian state oil company Rosneft and the de facto second most powerful figure inside the Kremlin. ...
Donald Trump faces Senate backlash over ‘cabinet of billionaires’ image
Source : Guardian [Read Article] Sunday 18th of December 2016 12:04:36 AM
....As well as a phalanx of Democrats, leading Republican senators Marco Rubio and Lindsey Graham, and John McCain, the chairman of the Senate armed services committee, have raised concerns about Tillerson’s close relationship with Vladimir Putin and conflicts of interest arising from Exxon’s interests in Russia. Tillerson, 64, who has spent his whole career at the oil giant, was awarded Russia’s Order of Friendship in 2013 after he agreed a deal with the state-owned oil company Rosneft, run by Putin lieutenant Igor Sechin. ...
King Rex? image
Source : BBC [Read Article] Sunday 11th of December 2016 05:09:38 PM
Glencore and Qatar buy $11.3bn stake in Russia's largest oil company image
Source : BBC [Read Article] Wednesday 7th of December 2016 09:09:39 PM
.... The Qatar Investment Authority is one of the biggest investors in Glencore. Speaking at a televised meeting with Rosneft chief executive Igor Sechin, Mr Putin noted that the deal follows a rally in global oil prices after Opec's decision to cut production. ...
Glencore buys stake in Russian state oil firm Rosneft image
Source : Guardian [Read Article] Wednesday 7th of December 2016 07:23:59 PM
....A Kremlin spokesman, Dmitry Peskov, described the deal as the largest in the global energy industry this year. He added that Vladimir Putin had congratulated Igor Sechin, Rosneft’s chief executive, but also told the close ally to work with the ministry of finance and central bank to prevent the deal disrupting Russian currency markets. ...
Rosneft reports plunge in profits image
Source : BBC [Read Article] Friday 11th of November 2016 08:37:25 AM
....The sale of the stake is expected to raise £9bn for the cash-strapped Russian government, whose income has suffered because of the fall in commodity prices. Rosneft's chief executive, Igor Sechin, said the "environment on the commodity markets remained difficult" during the third quarter of the year. ...
Deutsche isn't the only drama in banking's new negative-yield world image
Source : Guardian [Read Article] Wednesday 10th of February 2016 08:03:16 PM
....The idea that Russia and Saudi Arabia would agree to co-ordinate cuts in oil production always seemed fanciful. And here comes Igor Sechin, chief executive of Kremlin-controlled Rosneft, to throw more cold water on the notion. ...
Russian oil giant hits out at Opec price war image
Source : Telegraph [Read Article] Wednesday 10th of February 2016 04:30:14 PM
.... . Rosneft chief executive Igor Sechin piled the blame for the 70pc collapse in global oil prices on the Organization of Petroleum Exporting Countries, saying the producers’ desire to drive more expensive US shale production out of the market has allowed financial players to drive the price towards the $10 per barrel mark. ...
Russia abandons hope of oil price recovery and turns to the plough image
Source : Telegraph [Read Article] Tuesday 13th of October 2015 06:05:45 PM
.... . Igor Sechin, chairman of Russia's oil giant Rosneft, accused the government of turning its back on the energy industry, lamenting that his company is being throttled by high taxes. ...
Russia flirts with Saudi Arabia as OPEC pain deepens image
Source : Telegraph [Read Article] Sunday 6th of September 2015 12:46:13 PM
.... The Kremlin, Moscow  Photo: CORBIS. The head of Russia's oil giant Rosneft, Igor Sechin, has been the right-hand man of president Vladimir Putin for more than twenty years. ...
US Court issues papers to Russia over Yukos affair image
Source : Telegraph [Read Article] Friday 3rd of July 2015 03:12:55 PM
.... . Many of its assets were later acquired by Russian state-owned companies including Rosneft, an oil firm headed by Igor Sechin, who is a close ally of Vladimir Putin. ...
Venezuela and Rosneft agree oil deal image
Source : BBC [Read Article] Thursday 28th of May 2015 03:35:08 PM
.... . Speaking after a meeting with Rosneft chief executive Igor Sechin, Mr Maduro said the money would allow Venezuela to double its oil production. ...
Igor Sechin: The oil man at the heart of Putin's Kremlin image
Source : Independent [Read Article] Friday 13th of February 2015 01:24:43 AM
. Igor Sechin, the boss of Russian oil behemoth Rosneft and one of the most powerful men in Russia, has declared European sanctions against his giant state-controlled organisation are an illegal affront to democracy. ...
Rosneft's Igor Sechin warns of US shale oil 'dotcom bubble' image
Source : Telegraph [Read Article] Tuesday 10th of February 2015 02:43:58 PM
.... . Igor Sechin, president of state-controlled Rosneft told an international oil conference in London that the dramatic increase in US oil production since shale oil fracking took off will begin to peter out after 2020 and slammed the Organisation of the Petroleum Exporting Countries (Opec) as merely a puppet of Saudi Arabia. ...
Russia 'has deteriorated significantly' as Fitch cuts credit rating image
Source : Telegraph [Read Article] Friday 9th of January 2015 10:42:00 PM
.... . Fitch has predicted that prices will recover to around $70 a barrel this year, a view shared by Igor Sechin, the chairman of Rosneft, which has been hit so hard by the oil price collapse that it has been forced to has request $46bn in state aid to help meet repayments and cover investment. ...
Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings   image
.... . Igor Sechin, Rosneft’s chairman, expects oil to recover in the second half of 2015 and fluctuate between $70 and $75 but warned that the group would have to retrench. ...
Russia faces oil export catastrophe, snared in Opec price trap image
Source : Telegraph [Read Article] Tuesday 23rd of December 2014 01:01:44 PM
.... . Mr Putin said last month that politics were driving the price of crude lower and later dispatched his two key oil lieutenants - Igor Sechin, chief executive of Russia’s state-controlled oil giant Rosneft and the country’s oil minister Alexander Novak - to Vienna to meet with Opec but negotiations failed. ...
Vladimir Putin seeks Opec oil deal with direct appeal to Saudi in Vienna image
Source : Telegraph [Read Article] Tuesday 25th of November 2014 03:32:18 PM
.... . Igor Sechin, chief executive of Russia’s state-controlled oil giant Rosneft, and the country’s oil minister Alexander Novak held a second meeting with officials from Saudi Arabia and Venezuela this afternoon amid intense speculation over whether the group will act collectively to cut its production quota to halt a 28pc slide in prices since June. ...
A story of love, power and money beyond the imagination of Tolstoy image
Source : Independent [Read Article] Wednesday 19th of November 2014 12:32:24 AM
....These were held as security against the bailout loans, and ownership transferred to the central bank when Mezhprombank went bust. The yards were then sold to a state-owned company chaired by Mr Putin’s lieutenant, Igor Sechin, who now heads the state oil giant Rosneft, for little over $400m. ...
Rosneft CEO: we will drill 'on our own' image
Source : Telegraph [Read Article] Monday 29th of September 2014 10:17:56 AM
.... . Igor Sechin, chief executive officer of state oil producer OAO Rosneft (ROSN) and a long-time ally of President Vladimir Putin, spent two days traveling by plane, ship and helicopter last week to announce a billion-barrel crude strike in the iceberg-prone Kara Sea region of Russia’s Arctic Ocean. ...
Rosneft and Exxon discover Arctic oil image
Source : BBC [Read Article] Sunday 28th of September 2014 12:49:01 PM
...."Rosneft successfully completed the drilling of the northernmost well in the world - the Universitetskaya-1 well in the Arctic," the company said in a statement. Rosneft boss Igor Sechin, himself a target of US sanctions, said the well had produced "an astonishing sample of light oil". ...
Moscow court orders seizure of Russian oligarchs stake in Bashneft oil image
Source : Guardian [Read Article] Friday 26th of September 2014 04:50:13 PM
....“Rosneft and Independent Oil and Gas Company are the most widely discussed potential purchasers if Bashneft is put up for auction,” Birg said. Rosneft, which is the world’s largest oil producer and is run by president Vladimir Putin’s ally Igor Sechin, was reported to have considering buying Sistema’s oil business in 2013. ...
Oligarch Vladimir Yevtushenkov to remain under house arrest image
Source : Guardian [Read Article] Thursday 25th of September 2014 06:15:08 PM
.... According to economy minister Alexei Ulyukayev, the case has damaged Russia’s business climate and would increase capital flight. The newspaper Vedomosti reported in June 2013 that Rosneft, which is controlled by Vladimir Putin’s ally Igor Sechin, was considering purchasing Sistema’s oil business. ...
Oligarch's arrest deepens fears over Russian economy image
Source : Guardian [Read Article] Wednesday 17th of September 2014 04:50:25 PM
.... Sistema also controls MTS, a mobile network operating in Russia and many post-Soviet nations. There were suggestions that Rosneft, the state-controlled oil company run by Igor Sechin, a close associate of President Vladimir Putin, wants to buy out Bashneft. ...
Russia Yevtushenkov arrest prompts Sistema share dive image
Source : BBC [Read Article] Wednesday 17th of September 2014 09:41:55 AM
....Rosneft was earlier this year reported to be keen to buy Bashneft. The state-run oil and gas company is controlled by Igor Sechin, who for years has been a close ally of President Putin. ...
BP could face up to $18bn in extra fines after US ruling on Gulf of Mexico spill image
.... But in recent months it has faced further potential reputational and financial damage following its decision last year to take a 20% stake in the Kremlin-controlled Russian oil company Rosneft. The chairman of Rosneft, Igor Sechin, has been hit with travel restrictions under western sanctions over Russia's involvement in the conflict in eastern Ukraine. ...
Leading oil industrialist accuses BP of spurning its lead role in the North Sea image
....He said: "Rosneft is not transparent. We only know from Forbes (business magazine) that Igor Sechin, the chairman of Rosneft, earned $50m last year but how much did other directors earn including (BP chief executive) Bob Dudley who is now surely a hostage to the Kremlin? I don't believe that former BP chief executives such as Lord Browne would sit on that board. ...
Norway's Statoil partners with Rosneft despite Russia sanctions image
Source : BBC [Read Article] Monday 18th of August 2014 05:57:37 PM
.... . Rosneft and its head Igor Sechin have been targeted in the sanctions. ...
Russian sanctions start to bite as growth forecasts are downgraded image
Source : Guardian [Read Article] Sunday 17th of August 2014 05:40:48 PM
....Government officials are already beginning to see the writing on the wall. Igor Sechin, the chairman of blacklisted, Kremlin-owned oil group Rosneft, has asked the government to dole out 1. ...
Rosneft requests $42bn loan from Russian government  image
Source : BBC [Read Article] Friday 15th of August 2014 08:33:01 AM
....2bn) loan, as it feels the impact of Western sanctions. The government said it will consider the request from Igor Sechin, head of Rosneft, in the next two weeks. ...
Russians will pay heavier price in sanctions war image
Source : Guardian [Read Article] Thursday 14th of August 2014 05:17:03 PM
.... A ban on lending to some Russian state-owned companies is beginning to bite. The Russian business daily Vedomosti says Vladimir Putin's right-hand man and president of Rosneft, Igor Sechin, has pleaded for 1. ...
BP fears sanctions over stake in Russian oil firm will hit profits image
Source : Guardian [Read Article] Tuesday 29th of July 2014 06:23:47 PM
....Earlier this month the US added Rosneft to its sanctions list by putting restrictions on its access to dollar funding. Igor Sechin, the chairman of Rosneft and a close friend of Vladimir Putin, has been on the US sanctions list since April, which means he is banned from entering the US and his assets have been frozen. ...
Russia ordered to pay $51bn over Yukos 'destruction' image
Source : Telegraph [Read Article] Monday 28th of July 2014 07:51:56 PM
.... . Rosneft is vulnerable because it was built out of Yukos assets, and is run by Mr Putin’s friend Igor Sechin, a former KGB operative and later minister in charge of Russia’s energy strategy. ...
Russia ordered to pay $50bn in damages to Yukos shareholders image
Source : Guardian [Read Article] Monday 28th of July 2014 12:48:59 PM
....The biggest loser could be the state-owned oil company Rosneft, which bought Yukos assets in auctions when the latter's stock was almost worthless. The tribunal concluded that the expropriation had not been carried out to benefit Rosneft, which is controlled by Putin's ally Igor Sechin. ...
Russian oil may be facing a bear market image
Source : Guardian [Read Article] Saturday 26th of July 2014 11:06:04 PM
.... It's not clear if the furious rhetoric from some politicians will conclude with more moves against Russia – where allegiances can prove fluid, as oil investors know. WikiLeaks cables suggest that BP boss Bob Dudley blamed Russia's then deputy PM Igor Sechin for having to flee the country for his own protection in 2008. ...
From Boeing to banking: how Russian sanctions will hit western business image
Source : Guardian [Read Article] Saturday 26th of July 2014 11:05:59 PM
....While Russia faced anger over its annexation of Crimea earlier this year, BP insisted it was business as usual in its dealings with Moscow. BP has a 20% stake in the Russian state energy giant Rosneft – an alliance that was called into question when Igor Sechin, Rosneft's chairman and a close ally of President Vladimir Putin, was put on western sanctions lists earlier this year. ...
Russian oligarchs lose billions amid Ukraine crisis image
Source : Independent [Read Article] Tuesday 22nd of July 2014 02:20:20 PM
....To be effective, the new sanctions would have to target Russian companies with access to European capital, Russian oil and gas exports as well as Russian assets held overseas. So far, 72 Russian politicians and businessmen, including Igor Sechin, the chairman of gas major Rosneft and a close ally of Mr Putin, have been slapped with sanctions. ...
Russia's Igor Sechin joins Pirelli board image
Source : Independent [Read Article] Friday 11th of July 2014 03:31:09 PM
. American sanctions and the country’s habit of imposing them around the world has not stopped the chairman of Russian oil giant Rosneft Igor Sechin picking up a directorship of Pirelli, famed for both its tyres and its risque calendars. ...
Commodities: Europe will suffer if we hinder the flow of energy price information image
.... In the Far East, Singapore is rapidly developing its commodity market place, as is Dubai. As he launched Russia’s new commodity exchange, Spimex, the president of Rosneft, Igor Sechin, spoke of Russia’s ambition to create its own benchmarks: “We now have a historic opportunity to create a stand-alone pricing index based on export contracts for Russian crude. ...
Source : Independent [Read Article] Tuesday 3rd of June 2014 10:39:26 PM
....The bank is 25 per cent-owned by the Government, which has repeatedly condemned Russia for its actions in Crimea and eastern Ukraine. Rosneft's powerful boss Igor Sechin, a close ally of Vladimir Putin, was hit by US sanctions as part of a broader move to punish Russia for the annexation of the Crimean peninsula. ...
Russia joins global dash for shale in policy volte-face image
Source : Telegraph [Read Article] Monday 26th of May 2014 06:00:45 AM
.... . BP joined the scramble on Saturday by signing a deal to explore for shale in Volga Urals with Rosneft, even though Rosneft's chairman Igor Sechin is on the US sanctions list. ...
China steps up speed of oil stockpiling as tensions mount in Asia image
Source : Telegraph [Read Article] Sunday 18th of May 2014 07:37:32 PM
.... This is thought less disruptive for European allies than quarantine measures against the gas monopoly Gazprom since gas is mostly supplied by pipeline contracts and is much harder to replace. The US has already sanctioned Rosneft’s chairman Igor Sechin, the chief architect of the Kremlin’s energy policy over the last decade. ...
BP left exposed as Russia warns of sanctions over Ukraine image
Source : Telegraph [Read Article] Thursday 1st of May 2014 08:02:13 PM
.... . The Obama administration has already extended the sanctions blacklist to Rosneft’s chairman, Igor Sechin, a former KGB officer and chief architect of Russia’s energy strategy. ...
Source : Independent [Read Article] Tuesday 29th of April 2014 11:00:00 PM
....But it ultimately may have little choice. The president of Rosneft, Igor Sechin, has been placed on America's list of Specially Designated Nationals. ...
Source : Telegraph [Read Article] Tuesday 29th of April 2014 10:22:07 AM
. BP said it remains "committed" to Rosneft, in which it has a 20pc stake, after the US placed sanctions on Igor Sechin, the president of the Russian energy giant on Monday. ...
Business news and markets: live image
Source : Telegraph [Read Article] Tuesday 29th of April 2014 10:00:25 AM
BP raises dividend again in wake of Gulf of Mexico disaster image
Source : Independent [Read Article] Tuesday 29th of April 2014 07:31:03 AM
....BP yesterday had to reiterate that it was “committed” to Rosneft, the Russian energy group in which it holds a 20% stake as a result of an audacious $27 billion deal in 2012. The US has placed sanctions on Rosneft president Igor Sechin which could stop Dudley, a US citizen, from dealing with him. ...
US hits Russia's oil kingpin Igor Sechin with first energy sanctions image
Source : Telegraph [Read Article] Monday 28th of April 2014 09:05:16 PM
.... . The US Treasury blacklisted Igor Sechin, chairman of Russia’s top oil producer Rosneft and a former KGB official from the inner circle of Russian president Vladimir Putin. ...

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