Sunday July 12, 2020

Irish arm of Russian oil giant Rosneft shipped $22.6m loss

Takes a write-off from another loss-making investment

Barry J Whyte

Chief Feature Writer

18th February, 2016
Pic: Courtesy Rosneft

The Irish subsidiary of Russian state oil conglomerate Rosneft – Rosneft International – lost $22.6 million in 2013 according to the most recent set of accounts filed here.

The bulk of the loss relates to an impairment charge of $20.7 million which the company recognised from the write-down on its investment in another company, Oxoil Limited, “which the company assessed to be non-recoverable,” the accounts state.

Oxoil is a wholly owned subsidiary of Rosneft International. The...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 2 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 6 months ago