News from Rosneft in the Middle East and Southern Russia

Russia’s Rosneft will this week take custody of its first independently sourced cargo of Kurdish crude oil from Turkey’s port of Ceyhan, a key step in its strategic push into Middle East energy markets and its attempts to expand trading, as reported in an article by Henry Foy on Financial Times.
The world’s largest listed oil company by output has spent the past four months trumpeting agreements to buy oil from Egypt, Libya and Iraqi Kurdistan, drilling exploration wells in southern Iraq and considering opportunities in Lebanon, as it chases deals to fuel its fledgling international expansion.
In a historic chart of the operations by Rosneft in the same article, the Russian oil company bought 30% of Egypt’s offshore Zohr gasfield in December, then it signed a deal to buy 20m-35m barrels/year crude from Libya and other 15m-25m barrels/year crude from Kurdistan in February, plus the beginning of drilling operations in Block 12 field, southern Iraq. Last month, the first cargoes of Egyptian crude followed a deal to supply Egypt with LNG, and recently the company declared its interest in the bidding for offshore rights in Lebanon, and it began drilling exploratory wells in southern Iraq last month, utilising licences acquired through its recent buyout of Russian rival Bashneft.
But apart this impressing spree in the Middle East, pushed, according to Foy, by Russian political interests in the area, Rosneft also renewed its historical interest in domestic assets with the announcement of a new discovery in the Republic of Bashkortostan. The geological reserves of the Anastasyinskoye field of C1+C2 category in the amount of 0.6 mmt were recommended by The State Commission on Reserves for state registration.
The Anastasyinskoye field was discovered by drilling two exploration wells in the West Kungak licence area. As reported in a company press release, Rosneft expects further fields to be discovered in Bashkiria in 2017.