BP to divest shareholding from Rosneft
British Petroleum (BP) has announced that it will exit its shareholding in Rosneft. The transaction value is estimated at US$14 billion. BP has held a 19.75% shareholding in Rosneft since 2013.
Headquartered in Moscow, Rosneft is an integrated energy company specializing in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. The transaction has been launched to comply with recent changes in trade sanctions imposed by the UK on Russia.
Country updates
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January 06, 2022
EDB supports financing of Meridian Highway
The Eurasian Development Bank (EDB) has signed a letter of intent to support financing for the Meridian Highway. The 721 km long Meridian Highway is part of the Europe–Western China transport co...
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March 31, 2021
Approval obtained for Phase 2 of dry bulk cargo area in port of Taman
Glavgosexpertiza (Russia's Main Department of State Expertise) has considered and approved the design and budget documentation for the construction of the dry bulk cargo handling facility and sup...
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September 04, 2020
Current trends and future outlook for PPPs in Russia
Six years’ timeframe, a period which coincides with a presidential term, may be a retrospective prism to analyse the PPP market in the road sector in Russia through the developments of its signi...
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February 13, 2020
Contract signed for Lena River bridge PPP project in Russia
The government of the Republic of Sakha has announced the signing of a concession agreement on the design, construction and operation of a bridge across the Lena river in Yakutia, Russia. The ag...
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January 24, 2020
Sheremetyevo Holding to consider sale of stakes in Moscow airport
Sheremetyevo Holding, the operator of the Moscow Sheremetyevo International Airport is considering the sale of its 30% stakes in the facility. The company did not disclose details with reg...
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