Russian Oil Giant Rosneft Fears Just a Few More Months of War in Ukraine Could Inflict Lasting Damage on Its Business, Bloomberg Reports
6 Articles
6 Articles
According to the Bloomberg news agency, Russian energy giant Rosneft fears that Ukraine's continued attacks on oil refineries could cause long-term damage to the company, Ukrainian publication Dialog.ua reported.
Rosneft is facing a double whammy: Ukrainian attacks on its refineries and delays in its massive Arctic project, Vostok Oil. This comes despite the start of exports from a new terminal in the Arctic, and calls into question the company’s ability to simultaneously maintain output, repair damaged facilities, and develop new fields. In September, Rosneft chief Igor Sechin reported to Vladimir Putin on the loading of the first tanker with oil from V…
Not only are Ukrainian drones increasingly pushing the oil giant.
Drone attacks in Ukraine and Western sanctions are weighing on Russia's largest oil producer, Rosneft. The company's profits are falling and its debt is rising, while sanctions are slowing the development of new oil fields.
The largest Russian oil company lathes the NHP after the attacks, and the Arctic Project Sechin is baking.
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