Rosneft gets 20% stake in Norwegian continental shelf projectJune 13, 2013 - 14:10 AMT PanARMENIAN.Net - Rosneft has received a 20 percent stake in a license to develop the Norwegian continental shelf in the Barents Sea, the Russian state-owned oil giant said on Thursday, June 13, according to RIA Novosti. “Following the results of the 22nd Licensing Round announced by the Norwegian Ministry of Petroleum and Energy, RN Nordic Oil AS, a 100 percent indirect subsidiary of Rosneft, has been granted the award of a 20 percent participating interest in the license PL713 covering the area of 1,213 sq. km,” Rosneft said in a statement. License PL713 consists of four promising blocks. RN Nordic Oil AS will develop the blocks in partnership with Statoil, which will act as an operator. “The acreage is one of the biggest that was applied for and is located in the most promising and prolific area of the Barents Sea next to recently discovered Castberg fields (Skrugard and Havis),” the statement said. “We are pleased to have been awarded the license and look forward to making active contributions to the license work program. We are convinced that application of latest technologies jointly with our strategic partner Statoil will enable us to develop these acreages in the most efficient way,” Rosneft Vice President for Offshore Projects Zeljko Runje was quoted as saying in the statement. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Mirzoyan says meeting with Bayramov was “constructive” At the moment, Ararat Mirzoyan said, there is no basis for additional comments. OSCE vows support for Armenia “in all three directions of security” Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. 151 detained as civil disobedience campaigns continue in Yerevan Citizens have been blocking streets in the Armenian capital, demanding Nikol Pashinyan’s resignation. France welcomes Armenia-Azerbaijan meeting in Almaty France has welcomed the new round of negotiations between the foreign ministers of Armenia and Azerbaijan. |