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Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

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UPDATE 1-Russia's Rosneft in talks with Mubadala on east Siberian fields -Kremlin

Mon, 24th Aug 2015 14:22

(Adds details, background)

MOSCOW, Aug 24 (Reuters) - Russia's Rosneft, theworld's top listed oil company by output, is in talks with theUAE's Mubadala Petroleum to jointly develop two east Siberianprojects, Tass Yuriakh and Verkhnechonskoye, the Kremlin said onMonday.

The Kremlin did not give any further details in a statementahead of President Vladimir Putin's meeting with Abu Dhabi CrownPrince Sheikh Mohammed bin Zayed al-Nahyan due on Tuesday.

Combined production at both assets stood at around 9 milliontonnes last year, according to the Russian Energy Ministry,compared to 205 million tonnes (4.1 million barrels per day) forRosneft in total. Rosneft became the world's top listed oil firmby output after buying its peer TNK-BP for $55 billion in 2013.

Rosneft has been in talks in recent years on selling stakesin some of its largest assets, including the Vankor field ineast Siberia. In June, Rosneft agreed to sell a20 percent stake in Tass Yuriakh to its shareholder BP.

Putin and the crown prince, who is deputy chief commander ofthe United Arab Emirates armed forces, will also discuss Syriaand Iraq, where Islamic State controls large swathes of land.

The conflict in Syria and countering the radical jihadistgroup will also be on the agenda when Putin meets King Abdullahof Jordan on Tuesday, the Kremlin said in a separate statement. (Reporting by Katya Golubkova and Gabriela Baczynska; Editingby Dale Hudson)

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