trending Market Intelligence /marketintelligence/en/news-insights/trending/iyjluz1vkxdfhkd69idaag2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Qatar boosts stake in Rosneft as oil giant prioritizes shareholder value

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Report: Qatar boosts stake in Rosneft as oil giant prioritizes shareholder value

Qatar reportedly increased its interest in PJSC Rosneft Oil Co. after the Russian oil major said it would look to increase value for its investors, three people familiar with the matter told Reuters.

At the beginning of May, the Russian state-owned company announced a US$2 billion share buyback program that will run through 2020 as well as plans to reduce its hefty debt in an effort to increase profitability and returns

"The company continues to demonstrate robust financial results and proposed new initiatives will enable us to improve the focus on the business using core strengths that will result in the enhancement of shareholder returns," Rosneft CEO Igor Sechin said in a May 1 news release.

Rosneft's announcement was followed by news that the Qatar Investment Authority sovereign wealth fund increased its stake in the Russian oil company to almost 19%.

In March, Sechin made a trip to Qatar, during which time the deal was reportedly hammered out, according to Reuters.

A previous deal by a Glencore PLC and Qatar Investment Authority consortium to sell a 14.16% stake in Rosneft to CEFC China Energy Co. Ltd. was scrapped. The consortium was dissolved, and the sovereign wealth fund took direct control of the 18.93% interest while Glencore took the remaining 0.57%.

Rosneft is Russia's largest oil company. For full year 2017, Rosneft's net income attributable to shareholders rose to 222 billion Russian rubles, or 20.95 rubles per share, up from 174 billion rubles, or 16.42 rubles per share, for full year 2016.

Rosneft posted a 20.6% year-over-year increase in total revenues to 6.014 trillion rubles from 4.988 trillion rubles recorded in 2016. For 2017, the company's operating income came in at 624 billion rubles, down from 655 billion rubles.

As of May 10, US$1 was equivalent to 61.84 Russian rubles.