Igor Sechin

A Russian court sentenced ex-economy minister Alexei Ulyukayev to eight years in prison on Friday after finding him guilty of taking a $2 million bribe from Igor Sechin, the CEO of oil giant Rosneft.

Exxon Mobil Corp sued the US government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft.

A meeting between the two men who run Russia and Saudi Arabia's oil empires spoke volumes about the new relationship between the energy superpowers. It was the first time that Rosneft boss Igor Sechin and Saudi Aramco chief Amin Nasser had held a formal meeting.

Russian oil tsar Igor Sechin told a Reuters reporter he would miss three things: exploring US culture, the chance to show his children American landscapes, and riding motor-bikes with Exxon Mobil chief executive Rex Tillerson.

The deal between Essar and a consortium led by Kremlin oil giant Rosneft appeared dead in the water two months ago after Saudi state energy firm Aramco weighed in, according to seven Russia, India and Saudi-based industry sources familiar with or involved in the negotiations.

Russia's top oil producer Rosneft on Wednesday said it has reached a preliminary agreement to buy a 49 per cent stake in Essar Oil and the deal is likely to be concluded by June.

Indian companies plan to sign energy deals with Russian oil major Rosneft next week to buy stakes in Siberian fields, two sources privy to the deal said, as New Delhi accelerates a push to secure overseas energy assets.

Russian President Vladimir Putin is in good health, the Kremlin said today, dismissing rumours that the leader was suffering from an illness after a foreign trip was cancelled.

Rosneft head Igor Sechin told reporters in New Delhi that the deal could be extended.

The deal represents a bold move into the U.S. market by Russia's top oil producer, which is headed by Igor Sechin, a powerful ally of Russian President Vladimir Putin. The Russian state owns almost 70 per cent of Rosneft.

A Russian court sentenced ex-economy minister Alexei Ulyukayev to eight years in prison on Friday after finding him guilty of taking a $2 million bribe from Igor Sechin, the CEO of oil giant Rosneft.

Exxon Mobil Corp sued the US government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft.

A meeting between the two men who run Russia and Saudi Arabia's oil empires spoke volumes about the new relationship between the energy superpowers. It was the first time that Rosneft boss Igor Sechin and Saudi Aramco chief Amin Nasser had held a formal meeting.

Russian oil tsar Igor Sechin told a Reuters reporter he would miss three things: exploring US culture, the chance to show his children American landscapes, and riding motor-bikes with Exxon Mobil chief executive Rex Tillerson.

The deal between Essar and a consortium led by Kremlin oil giant Rosneft appeared dead in the water two months ago after Saudi state energy firm Aramco weighed in, according to seven Russia, India and Saudi-based industry sources familiar with or involved in the negotiations.

Russia's top oil producer Rosneft on Wednesday said it has reached a preliminary agreement to buy a 49 per cent stake in Essar Oil and the deal is likely to be concluded by June.

Indian companies plan to sign energy deals with Russian oil major Rosneft next week to buy stakes in Siberian fields, two sources privy to the deal said, as New Delhi accelerates a push to secure overseas energy assets.

Russian President Vladimir Putin is in good health, the Kremlin said today, dismissing rumours that the leader was suffering from an illness after a foreign trip was cancelled.

Rosneft head Igor Sechin told reporters in New Delhi that the deal could be extended.

The deal represents a bold move into the U.S. market by Russia's top oil producer, which is headed by Igor Sechin, a powerful ally of Russian President Vladimir Putin. The Russian state owns almost 70 per cent of Rosneft.