international magazine
02 / 2014

Didier Casimiro: watchful for the broad picture details!

Russia's oil industry flagship, the giant state-owned Rosneft is now pressing forward in the East direction. In line with the pipeline crude oil supply contract China prepaid Rosneft some $20bn. This financial resource enables the company to build up drilling (according to Rosneft's upstream vice president Eric Liron, the company's drilling footage in 2013 totalled 20.34mn ft or 6.2mn m), to pay off part of the $57bn debt and to service the remaining debt share as well as to implement rather ambitious refining and marketing projects.