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    ROSN   RU000A0J2Q06

ROSNEFT OIL COMPANY PJSC

(ROSN)
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Rosneft Sells 10% Stake in Vostok Oil to Trafigura

11/18/2020 | 02:43am EST

By Matteo Castia

Rosneft Oil Co. said Wednesday that it has approved the sale of a 10% stake in Vostok Oil LLC to commodity company Trafigura Pte. Ltd for an undisclosed price.

The Russian energy giant said it has also entered into an agreement with energy provider Inter RAO for the design and construction of infrastructure at the Arctic project, including multiple power centers and over 3,500 kilometers of power lines.

The Vostok oil project is located in the north of the Krasnoyarsk Territory. The proven resource base of the project for liquid hydrocarbons is 6 billion metric tons, or 44 billion barrels.

Rosneft said the Vostok oil project will create tens of thousands of jobs.

"The project implementation creates additional incentives for localization of high-tech equipment and provides an increase in domestic demand for products of various industries equivalent to 2% of [Russian] GDP per year," the company said.

Write to Matteo Castia at matteo.castia@dowjones.com

(END) Dow Jones Newswires

11-18-20 0242ET

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 1.95% 70.22 Delayed Quote.46.31%
ROSNEFT OIL COMPANY PJSC 1.95% 579.6 End-of-day quote.33.18%
WTI 0.91% 66.857 Delayed Quote.48.10%
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Analyst Recommendations on ROSNEFT OIL COMPANY PJSC
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Financials (USD)
Sales 2021 118 B - -
Net income 2021 14 488 M - -
Net Debt 2021 46 382 M - -
P/E ratio 2021 4,75x
Yield 2021 8,47%
Capitalization 73 794 M 73 794 M -
EV / Sales 2021 1,02x
EV / Sales 2022 0,94x
Nbr of Employees 335 000
Free-Float 10,6%
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Technical analysis trends ROSNEFT OIL COMPANY PJSC
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 12
Last Close Price 7,77 $
Average target price 9,86 $
Spread / Average Target 26,9%
EPS Revisions
Managers and Directors
Igor Ivanovich Sechin Deputy Chairman, President & CEO
Petr Ivanovich Lazarev Finance Director
Gerhard Schroeder Chairman
Artur Matthias Warnig Deputy Chairman
Hans-J÷rg Rudloff Independent Director
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