Oil company Rosneft plans to file a lawsuit against the US Treasury Department, the company's spokesman Mikhail Leontiev said. Rosneft decided to defend its interests in court after the agency's statement about the company's participation in the transportation of large batches of Iranian oil to Europe. When asked when the suit will be filed, Leontiev said th...

Equinor transferred stakes in 4 Russian joint ventures to Rosneft and is relieved of all future obligations. Equinor suspended all new investments in Russia, stopped trading oil and gas products from the country and decided to withdraw from joint ventures due to Norwegian and EU sanctions against Russia. The company did not disclose the terms of the deal.

Rosneft demanded compensation from Transneft for losses incurred due to the oil pollution incident in the Druzhba pipeline in the spring of 2019. The company estimated losses and lost profits from the incident at $130 million and ₽3.3 billion. The lawsuit indicates that Rosneft tried to settle the issue at the corporate level, but Transneft refused to pay th...

Rosneft was the first company in Russia to start commercial production of a proprietary hydrocracking catalyst, which allows refineries to increase production of high-quality Euro-5 motor fuels. In the near future the catalyst will be loaded into the reactor of the Bashneft-Ufaneftekhim hydrocracking unit. In the future, it is planned to load hydrocracking u...