Latest news with #Tatneft
Straits Times
06-05-2025
- Business
- Straits Times
Oil price crucial for Russia, but national interests come first, Kremlin says
FILE PHOTO: Pump jacks are seen at the Ashalchinskoye oil field owned by Russia's oil producer Tatneft near Almetyevsk, in the Republic of Tatarstan, Russia, July 27, 2017. Picture taken July 27, 2017. REUTERS/Sergei Karpukhin Oil price crucial for Russia, but national interests come first, Kremlin says MOSCOW - Oil prices play a crucial role in Russia's budget and the Russian economy overall, but Russian national interests take precedence above all else, Kremlin spokesman Dmitry Peskov said on Tuesday. Peskov was commenting on remarks by U.S. President Donald Trump, who suggested that President Vladimir Putin might be more inclined to resolve the conflict in Ukraine following the recent drop in oil prices. "Oil prices cannot be a factor that can influence Russia's attitude towards its national interests," Peskov said. "Russia's national interests are above all else, above any oil prices." Russia, Peskov said, was working with OPEC+ to ensure prices remained at an optimal level. "Of course, the international oil price is a very important factor for budget formation in our country and for the Russian economy as a whole," Peskov said. "It remains relevant, and here, of course, Russia, as you know, has been working in the OPEC+ format for a long time to maintain prices at an optimal level. Excessively high prices and very low prices, of course, adversely affect the global economy as a whole, so this work continues here." When asked about efforts to find a settlement to end the Ukraine war, Peskov said that work was continuing with the United States. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Reuters
13-03-2025
- Business
- Reuters
Russia's Tatneft says 2024 net income up 6% y/y to $3.5 bln
MOSCOW, March 13 (Reuters) - Russian mid-sized oil producer Tatneft ( opens new tab on Thursday posted a 6.3% rise in 2024 full-year net income to 306.14 billion roubles ($3.52 billion) on higher sales. Its 2024 revenue rose 28% to 2 trillion roubles, it said. ($1 = 86.8500 roubles)
Yahoo
28-01-2025
- Business
- Yahoo
Justice Ministry seeks to confiscate Russian oil company Tatneft's assets in Ukraine
The Justice Ministry has requested the Supreme Anti-Corruption Court to confiscate the assets of the Russian oil company Tatneft in Ukraine, Deputy Minister Iryna Bogatyk announced on Jan. 27. Tatneft is valued at approximately 2 billion hryvnia ($47 million). The assets targeted for nationalization include corporate rights, gas stations, oil depots, vehicles, and equipment located in the Kharkiv and Poltava Oblasts. The oil company is Russian state-controlled and significantly contributes to the country's budget. Tatneft regularly supplies products to enterprises within the Russian military-industrial complex. 'It (Tatneft) is part of the structure of the fuel and energy complex of the Russian Federation and produces about 20 types of products, including aviation kerosene and diesel fuel, which are included in the mandatory list of recommended supply to enterprises of the military-industrial complex of Russia,' Bogatyk wrote on Facebook. The Ministry of Justice has also filed lawsuits to confiscate the sanctioned assets of three Ukrainians, including properties, vehicles, and corporate shares belonging to Kyrylo Vyshynsky, Oleksandr Kuzmenko, and Vladimir Sergiyenko. Russia's oil industry has been critical to the country's war efforts. Fossil fuel exports remain a major revenue stream for the Kremlin's military operations. Read also: Russia's Ryazan oil refinery suspends operations after drone strike, Reuters reports We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
Yahoo
27-01-2025
- Business
- Yahoo
Ukraine's Justice Ministry seeks to confiscate Russian Tatneft gas station network in Ukraine
The Justice Ministry of Ukraine has requested the High Anti-Corruption Court to impose sanctions in the form of forfeiture of assets of the Russian company Tatneft in Ukraine, estimated at approximately UAH 2 billion (around US$47.6 million). Source: Deputy Justice Minister Iryna Bohatykh Details: Bohatykh stated that the Russian oil company Tatneft is controlled by Russia's top political leadership and provides significant revenues to the aggressor country's budget. The company is part of Russia's fuel and energy complex and produces around twenty types of products, some of which are included in the mandatory list recommended for supply to companies of the Russian military-industrial complex. The assets slated for nationalisation include corporate rights of companies operating a network of gas stations and owning oil depots, gas stations, vehicles and specialised equipment in Kharkiv and Poltava oblasts. The estimated value of these assets is approximately UAH 2 billion (around US$47.6 million), Bohatykh added. Background: The Ukrainian Justice Ministry has also filed a lawsuit requesting sanctions against Russian oligarchs Mikhail Fridman, Petr Aven, Andrey Kosogov and the company Rissa Investments Limited, seeking to confiscate their assets for the benefit of the state. Support UP or become our patron!
