Finance

Deutsche Bank increases predicted value of Lukoil’s shares by 70%

The recommendation "buy" for Lukoil’s shares was confirmed.

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Chairman of Rosneft’s Board of Directors A.Nekipelov sells a part of his shares in the company

The Chairman of the Rosneft’s Board of Directors, Alexander Nekipelov has reduced his stake in Rosneft from 0.0008% to 0.0005%, Rosneft reports.

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Rosneft intends to become the largest company in the world in terms of revenue

Rosneft’s vice-president of Finance, Svyatoslav Slavinskiy has stated that the company plans to double the amount of crude oil from the current 5 million barrels per day to 10 million barrels by 2020.
Slavinskiy said that Rosneft was going to increase its production by 30%, which, in turn, would make it the largest company in the world in terms of revenue. "10 million barrels per day is the biggest result in the world, it will allow us to become the largest company in the world in terms of revenue," - he said.

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Slavneft to spend 11.8 billion rubles for payment of dividends

The annual general meeting of Slavneft’s shareholders, which approved the annual report and financial statements of the company for 2013, took place in Moscow on June 30th. As a correspondent of the YugraPRO transmits, it was decided to spend 11 838 052 620 rubles for payment of dividends at the rate of 2.49 rubles per ordinary share with a nominal value of 0.1 kopecks.
The remaining profit in the amount of 6.066 billion rubles was decided to keep undistributed. Shareholders approved PricewaterhouseCoopers Audit as an auditor for audit of the company’s accounting for 2014.

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In 2013, Zarubezhneft’s net profit under IAS grew 1.4 times to 7.1 billion rubles

In 2013, the Zarubezhneft’s net profit under IAS increased 1.4 times and made up 7.1 billion rubles (after accrual of reserves), the company’s accounting reports.

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Igor Zyuzin keeps his shareholding

Mechel has published at the site of The United States Securities and Exchange Commission (SEC) the documents under which the majority owner and the chairman of the board of directors I. Zyuzin still holds 67.42% in Mechel. He controls the shareholding both directly and indirectly, via the Cypriot offshores entities Calridge, Bellasis and Armolink.

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Transneft to pay dividends for 2013 in the amount of 7.901 billion rubles

Transneft’s shareholders have approved the dividends for 2013 in the amount of 7.901 billion rubles, the company reports.
6.775 billion rubles will be allocated for the payment of dividends on ordinary shares at the rate of 1221.38 rubles per share, and 1.126 billion rubles for payment on preferred shares at the rate of 724.21 rubles per share.
The shareholders approved the annual report and the annual financial statements, including the income statement based on performance of the activity in 2013, elected a new Board of Directors of 7 persons and approved KPMG as the auditor.

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Ministry of Finance includes 100 billion rubles from privatization of 19.5% of Rosneft in the budget-2015

In 2015, the Ministry of Finance expects to receive 100 billion rubles of dividends from Rosneftegaz on the results of the sale of Rosneft’s shares that belong to the state-owned holding company. This is much less than previously thought assessments of the budget’s revenues fromthe privatization of the largest oil company.
On Monday, the Finance Minister, Anton Siluanov said that in 2015 the Ministry expected to receive 423.5 billion rubles from the sale of 19.5% of Rosneft. The same amount figures in the current law on the budget for 2014-2016 years – according to it, the transaction should be concluded in 2016. But in May it became known that the Government was discussing its acceleration and the deal was possible in late 2014 - early 2015.

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Surgutneftegaz announces incresed dividends

On June 27th, shareholders of Surgutneftegaz approved dividends for the past year in the amount of 0.6 rubles per ordinary share and 2.36 rubles per preferred share.
In general, the company plans to pay almost 40 billion rubles, this is the largest sum of dividends in the company’s history. The previous record was set two years ago, when the payments for 2011 were made

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Rosneft to borrow 250 billion rubles at interest from its subsidiary

Rosneft’s shareholders have decided to approve attraction of an interest bearing loan from its subsidiary RN Holding in the amount of up to 250 billion rubles for a five-year period.
This information is contained in the company’s report on results of the annual shareholders meeting, which took place in Khabarovsk on June 27th. Taking into account the accrued interest the amount of the transaction will reach 337.5 billion rubles.

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