Rosneft's Board of Directors has approved the resumption of the open market share purchase program. Until December 31, 2026, the company may buy back ₽102.6 billion worth of shares, which corresponds to the amount of funds not spent under the previous stages of the program. Number of shares to be purchased on the open market will depend on market conditions.

Rosneft's Kuibyshev refinery was forced to shut down both primary refining units after a fire, halting production completely, sources told Reuters. Drone damage to the AVT-5 primary unit, with a capacity of 9,500 tons per day, halted operations. However, the refinery was then forced to shut down a second primary refining unit, the 10,500 tons per day AVT-4,...

Rosneft's Board of Directors at the meeting on March 28 will consider the implementation of the share buyback program. Securities are planned to be purchased on the open market.

Rosneft started construction of an oil loading berth at the terminal of the Severn Bay seaport in the Yenisei Bay of the Kara Sea. Dredging and reinforcement of the 335-meter long shoreline are now underway. Oil loading terminal at the Severn Bay seaport will provide transshipment of oil from Vostok Oil's fields for transportation along the Northern Sea Rout...