Offshore

Struggling Rosneft divests stake in prize assets

State-owned oil company Rosneft has sold a stake in its giant old field to Indians. "Collaboration in such a large-scale project will allow establishing a brand new level of strategic cooperation," says CEO.
Photo: Harald Pettersen/Statoil
Photo: Harald Pettersen/Statoil
BY MAZ PLECHINGER, ENERGIWATCH

Times are tough for Rosneft. The state-owned Russian oil company is suffering from an unfortunate combination of high debt and low oil prices. And the company has therefore opted to divest stakes in one of the company’s crown jewels, the giant oil field Vankor.

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