Reuters Corrects Vostok Oil Article Following Rosneft Statement

Reuters, after the statement by Rosneft, has corrected an article on the Vostok Oil Oil Company project. The original material, as noted in Rosneft, contained “false information discrediting the project and activities of the company and damaging its business reputation.”

In particular, the revised article recognizes that the Vostok Oil project is not an Arctic shelf and / or shale and is not subject to sanctions restrictions.

The revised article also notes that Rosneft does not need to attract investments in Vostok Oil in exchange for oil supplies. “The resource potential of the project, the high quality of oil and its economic model make Vostok Oil one of the most attractive investment targets in the global energy industry,” Rosneft said.

Rosneft’s commercial activity on the conclusion of supply contracts is a separate line of business, which is carried out with all subjects of world trading.

Earlier, Rosneft issued a statement in which it called the information published by Reuters as unreliable and discrediting the reputation of NK.

Rosneft “in connection with obvious misinformation affecting the projects of the company and its partners” demanded to delete inaccurate data. The NC also stressed that “being a public company and one of the leaders in the global energy industry, Rosneft operates in strict accordance with the norms of Russian and international law, corporate standards and in the interests of its shareholders, which include the largest international companies, professional institutional investors, as well as tens of thousands of individuals and legal entities.

/Media reports.