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Rosneft CEO denies losses related to Ukraine crisis

March 05, 2014, 15:13 UTC+3 NOVO-OGARYOVO

Igor Sechin says the recently acquired Lisichansky refinery in Ukraine is being prepared for oepration

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Rosneft CEO Igor Sechin

Rosneft CEO Igor Sechin

© ITAR-TASS/Alexei Nikolsky

NOVO-OGAREVO, March 05. /ITAR-TASS/. The chief executive of Russian oil giant Rosneft says his company has suffered no losses from the events in Ukraine.

"There have been no losses. Everything is okay," Igor Sechin told reporters on Wednesday. "The Lisichansky refinery [a recent Rosneft acquisition in Ukraine] is being prepared for operation," he said, though unable immediately to assess what losses the producer might suffer in the event of international government sanctions against Russia for its policy on Ukraine.

"It is difficult to say. This needs evaluation," Sechin said. "We do not know how the situation might develop, how the market or the price dynamics will develop. "We will make balanced decisions. Why would they slap sanctions on us? We have bought an enterprise, we are working, repairs are underway."

Nor did he answer if Rosneft would buy new Ukrainian assets. "Tell us if they are selling something, let them make an offer," Sechin said.

Rosneft took over the Lisichansky refinery after it bought TNK-BP in March 2013. The refinery's capacity is some eight million tons of crude a year. Oil is supplied through the Samara-Lisichansk pipeline.

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