Russia's Rosneft Says to Honor Agreements despite Sanctions
MOSCOW, July 18 (Reuters) – Russia's top oil producer, Rosneft, said on Friday it would continue to work on its existing projects and agreements and honour its obligations despite U.S. sanctions on the company over Moscow's role in the Ukraine crisis.
The company, in which BP holds a 19.75 percent stake, also said it has sufficient liquidity to service its debts, and its financial position allows it to deliver on the key indicators of its strategy and dividend policy.
"The company is currently in the process of a legal review of the announced sanctions, and is consulting its international partners," Rosneft said in a statement.
(Reporting by Vladimir Soldatkin)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Ifax: ExxonMobil Sees Russian LNG Plant's Capacity At 6.2MM T/Year (Jun 07)
- Russia State Oil Firm Starts Drilling At New Well Offshore Vietnam (May 15)
- Rosneft Appeals to Market With $2 Billion Buyback, Debt Cut (May 01)