Russneft

Trust to sell RussNeft shares for 62 billion rubles

Trust Bank the holder of non-core assets intends to sell the entire block of cumulative preferred shares of RussNeft, or 25% of the company's authorized capital, the newspaper Vedomosti reporte

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RussNeft prioritizes projects in Azerbaijan.

RussNeft considers the projects in Azerbaijan among the priority ones, the company informs.

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State Duma maintains permanent MET markups for oil and gas

According to the Ministry of Finance, it will bring about 340 billion rubles annually to the budget.

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RussNeft's Ulyanovsk branch takes measures to stimulate oil recovery

Ulyanovsk branch of PJSC RussNeft, which is a part of Mikhail Gutseriev's Safmar Industrial-Financial Group, implements a set of measures to stimulate oil recovery.

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In January - August, oil production in Russia increased by 2%, gas extraction – by almost 3%

In January - August 2019, oil production in Russia increased by 1.8% compared to the same period of the previous year and amounted to 372,804 million tons.

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Russneft receives a new production asset, buying company in Yugra for 1.3 billion rubles

The company has bought Alatau-6 in Yugra for 1.3 billion rubles. The company owns a license for the East-Kalinovoye field in the Orenburg region.

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Russneft's profit increased 5.6 times in the first half of the year

In the first six months of 2019, the profit of Russneft under IAS increased 5.6 times to 10.56 billion rubles, as it follows from the company's statements.

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Russneft approves dividends on preferred shares

Russneft’s shareholders have approved changes to their charter, implying that dividends on preferred shares of the company will be $60-110 million (depending on the barrel price).

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In July Novatek becomes leader in reducing production within OPEC+ deal

 In July 2019 Novatek reduced oil production more than any other company compared to the level of October 2018 as part of Russia's participation in a deal with OPEC to reduce oil productio

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In the first 7 months, oil production in Russia grew by 2%

In January-July 2019, volume of oil and gas condensate production in Russia increased by 2% compared to the same period in 2018 and amounted to 325.01 million tons, according to operational report

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

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