Putin clears deals with Rosneft and Shell's joint-venture stake in Caspian Pipeline Consortium
MOSCOW, Dec 8 (Reuters) - Russian President Vladimir Putin issued a decree on Monday clearing potential deals with Rosneft ROSN.MM and Shell's SHEL.L joint-venture stake in the Caspian Pipeline Consortium, which exports oil mainly from Kazakhstan.
The decree said it allowed the deals, which may result in changes of ownership, in the CPC by the Rosneft-Shell Caspian Ventures Limited. It did not elaborate.
The venture has a 7.5% stake in the CPC, in which other international majors, such as Chevron CVX.N and Eni ENI.MI, as well as Russia's second-largest oil producer, Lukoil LKOH.MM, also have shares.
The United States imposed sanctions against Rosneft and Lukoil in October over Russia's war in Ukraine, forcing Lukoil to declare the sale of its foreign assets.
Rosneft has not announced any actions in relation to the sanctions.
Related Articles
Silver Is Spiking Out of Control — Here’s What’s Fueling the Rally and If You Should Jump In Now
TradingKey - Silver prices decisively broke past $60 an ounce as of publication, with its year-to-date gain nearing 110% and significantly outpacing gold's roughly 60% advance.
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?
Dow Jones Market Data shows this marks the first time since 1980all three metals—gold, silver, and copper—simultaneously refreshed their all-time highs in the same year. Will this rally extend into 2026?
Oversupply is crushing oil prices, Can Even Fed Rate Cuts Save Prices?
TradingKey - Global oil prices extended declines Tuesday, erasing last week's gains. WTI and Brent crude futures fell further, pressured by renewed Iraqi supply and Saudi price cuts, despite looming Federal Reserve rate cuts.
Federal Reserve's December Rate Cut: Inevitable? Bitcoin's Next Move: $100K or New Low?
While a 25-basis point Federal Reserve rate cut in December is widely anticipated, market sentiment remains split on Bitcoin's future price trajectory.
Why Did Strategy's Stock Price Plummet? Can MSTR Reach $1,000?
MicroStrategy (MSTR) stock, despite pressures from Bitcoin volatility and its weak core business, represents the most leveraged investment in a Bitcoin bull market. The company's stock path to $1,000 largely depends on Bitcoin's market performance. Major institutions, including Standard Chartered an
