Tag: Rosneft

Spectre of oil giant Rosneft looms over Russian independent media

Russian oil giant Rosneft, run by a close ally of President Vladimir Putin, is wielding growing influence over Russia’s remaining independent media outlets, already squeezed by tightening press freedoms and pressure from the Kremlin. Now, reporters at the country’s top liberal business daily Vedomosti — shaken in March by an announcement from owner Demyan Kudryavtsev […]

OVL, partners to pay $230 million in out of court settlement with Rosneft

NEW DELHI: ONGC Videsh Ltd (OVL) and its partners in Russia’s Sakhalin-1 project have agreed to pay Russian giant Rosneft $230 million to settle an oil production dispute out-of-court, its Managing Director N K Verma said. Rosneft had dragged the Sakhalin-1 consortium to court alleging “unjust enrichment and interest gained by using other people’s money” […]

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