Key Developments: Gazprom neft' OAO (GZPFY.PK)
20.39USD
21 May 2013
$-0.21 (-1.02%)
$20.60
$20.39
$20.39
$20.39
150
1,918
$26.02
$18.86
Latest Key Developments (Source: Significant Developments)
Gazprom neft' OAO Signs $1 Billion Loan Deal With Group Of Banks-DJ
Dow Jones reported that Gazprom neft' OAO, the oil arm of Russian state energy OAO Gazprom has signed a $1 billion loan agreement with a group of banks. The loan will be used for general corporate purposes, Gazprom Neft said. Full Article
Gazprom neft' OAO's Gazpromneft' Marina Bunker OOO To Acquire 100% Stake in Baltic Marine Bunker AS-PRIME
PRIME reported that Gazprom neft' OAO's Gazpromneft' Marina Bunker OOO has received a permission from the Company's Board of Directors to acquire a 100% stake in Baltic Marine Bunker AS. Further details of the transaction were not disclosed. Full Article
Gazprom neft' OAO May Raise FY 2012 Dividends Approximately 33%-Prime
Prime reported that the Board of Directors of Gazprom neft' OAO has recommended increasing dividends for the fiscal year 2012 by approximately 33% to RUB 9.3 per share, or a total of RUB 44.09 billion, the Company said in a statement on April 15, 2013. The shareholders will consider the recommendation at their annual meeting on June 7, 2013. The register for the meeting will close on April 23, 2013. The dividend payment will account for 25% of the net profit, while the Company’s dividend policy envisages 22%. Full Article
Gazprom neft' OAO and Royal Dutch Shell PLC Create JV for Oil Shale Production in Khanty-Mansiisk District-Interfax
Interfax reported that Gazprom neft' OAO (Gazprom Neft) and Royal Dutch Shell PLC (Shell) have created a joint venture (JV) to prospect and develop oil shale in Russia's Khanty-Mansiisk Autonomous District, Shell said in a statement. The two partners will get 50% each in the project. The JV will be registered in St. Petersburg. Salym Petroleum Development, a joint venture of Gazprom Neft and Shell, will be the operator of the project. The new JV will allow Gazprom Neft and Shell to create a competence development center on the development of oil shale in Russia and boost the technological level of Russia's oil industry. Full Article
Royal Dutch Shell PLC and Gazprom Neft to Jointly Develop Shelf of Chukchi and Pechora Seas-Interfax
Interfax reported that Royal Dutch Shell PLC (Shell) and Gazprom might jointly develop two sections on the shelf of the Chukchi and Pechora Seas. The terms will be discussed in detail after the agreement is signed. As reported, Shell and Gazprom subsidiary Gazprom Neft are to sign a cooperation agreement on the development of shelf blocks in the Russian Arctic during Russian President Vladimir Putin's visit to the Netherlands. Gazprom has not yet received the licenses for these sections, but the Russian Federal Subsurface Resources Agency (Rosnedra) is expected to issue them by May 1, 2013. Full Article
Gazprom neft' OAO, Royal Dutch Shell PLC To Team Up On Shale Oil, Arctic-Reuters
Reuters reported that Gazprom neft' OAO and Royal Dutch Shell PLC will agree to drill for shale oil in Western Siberia and explore Russia's Arctic shelf when President Vladimir Putin visits the Netherlands next week. The deals underscore the Kremlin's drive to open up access to Russia's trove of hard-to-recover energy reserves to international energy firms with the expertise needed to secure its position as a leading global oil and gas producer. Full Article
FAS Allows Gazprom neft' OAO to Acquire 50% Stake in Invest-Oil OOO-Interfax
Interfax reported that the Federal Antimonoply Service has allowed Gazprom neft' OAO to acquire 50% stake in Invest-Oil OOO. Invest-Oil OOO owns 75% stake in NGK Slavneft' OAO. NGK Slavneft' OAO on a 50-50 basis belongs to Gazprom neft' OAO and TNK-BP Holding OAO. Intention to increase its stake in Invest-Oil OOO the Company announced in autumn 2013 due to a will to simplify its chain of ownership in NGK Slavneft' OAO. Full Article
Gazprom neft' OAO's Gazprom Neft Marine Bunker LLC Acquires 100% Stake of Marin Bunker Balkan SA from Unicom Holding-MarketLine (a Datamonitor Company), Financial Deals Tracker
MarketLine (a Datamonitor Company), Financial Deals Tracker reported that Gazprom neft' OAO’s Gazprom Neft Marine Bunker LLC, a Russia-based supplier of bunker fuel for marine and river vessels, has acquired a 100% stake in Marin Bunker Balkan SA, a bunker company, from Unicom Holding. Both Marin Bunker Balkan SA and Unicom Holding are based in Romania. Unicom Holding, through its subsidiaries, is engaged in transportation and merchandise of dispatch through railway, highway or multi mode. As per the terms of the transaction, Gazprom Neft Marine Bunker will acquire 0.516 million shares of Marine Bunker Balkan SA. Financial details were not disclosed. Full Article
Gazprom neft' OAO's Board of Directors Agrees to Purchase 50% Stake in Sibgazpolimer ZAO-AK&M
AK&M reported that the Board of Directors of Gazprom neft' OAO has agreed to purchase a 50% stake in Sibgazpolimer ZAO from Gazpromneft'finans OOO. Further details of the transaction were not disclosed. Full Article
Gazprom neft' OAO's Bunker Business Enters International Market
Gazprom neft' OAO (Gazprom Neft) announced that Gazpromneft Marine Bunker, operator of Gazprom Neft’s bunker business, has acquired its first international asset, Marine Bunker Balkan S.A. (Romania), which operates in the Black Sea port of Constanta, from Unicom Holding. Marine Bunker Balkan S.A. manages two bunker vessels, one storage vessel with a capacity of 4,000 tons and two mooring barges, as well as leasing the Constanta Oil Terminal which has a capacity of 1,500 tons. Annual bunker fuel sales are expected to exceed 100,000 tons. Gazpromneft Marine Bunker plans to further expand its presence in Romania to the ports of Mangalia and Midia, with bunker fuel supplied from Gazprom Neft’s Russian and Serbian refineries. Full Article
Gazprom drives hard bargain as sole major bidder for Greek DEPA
ATHENS, May 21 - Gazprom is squeezing Athens for better terms to buy DEPA, Greece's sole retail gas distributor, a Greek official said, as the Russian gas export monopoly leverages its strength position as the only major player in the running.
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