Key Developments: Tatneft' OAO (OAOFY.PK)

OAOFY.PK on OTC Markets Group

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21 May 2015
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Latest Key Developments (Source: Significant Developments)

Tatneft' OAO recommends FY 2014 dividend
Monday, 27 Apr 2015 09:53am EDT 

Tatneft' OAO:Board recommends FY 2014 dividend of 10.58 roubles per share for both preferred and ordinary shares.Proposes record date on July 15.  Full Article

Moody's confirms ratings of Tatneft' OAO at Ba1, outlook negative
Thursday, 16 Apr 2015 05:46am EDT 

Tatneft' OAO:Moody's has confirmed the Ba1 CFR and Ba1-PD PDR of company and assigned a negative outlook to Tatneft's ratings.Actions follow the conclusion of the review for downgrade of the sub-sovereign rating of the Republic of Tatarstan on April 14.  Full Article

Moody's downgrades Tatneft' OAO to Ba1 from Baa3
Thursday, 22 Jan 2015 02:29am EST 

Tatneft' OAO:Moody's Investors Service (Moody's) says that it has downgraded to Ba1 from Baa3 the rating of Tatneft.The company's long-term issuer rating was converted into a corporate family rating (CFR), in line with the rating agency's practice for corporates with non-investment-grade ratings.Concurrently, Moody's has assigned a Ba1-PD probability of default rating (PDR) to Tatneft.The ratings remain on review for further downgrade.Rating action follows Moody's decision to downgrade the sub-sovereign rating of the Republic of Tatarstan, Tatneft's major shareholder, to Ba1 from Baa3 on Jan. 20 and reflects its exposure to increased systemic pressures as captured by Moody's downgrade of Russia's government bond.  Full Article

Fitch affirms Tatneft' OAO ratings at BBB-, negative outlook
Tuesday, 13 Jan 2015 09:29am EST 

Tatneft' OAO:Fitch rating agency affirms Tatneft' OAO long-term local currency IDR at BBB-, outlook revised to negative from stable.Fitch Ratings has taken rating actions on 13 Russian companies, following its downgrade of the Russian sovereign.  Full Article

Moody's places ratings of Tatneft' OAO on review with possibility of downgrade-Interfax
Wednesday, 24 Dec 2014 01:52am EST 

Tatneft' OAO:Moody's Investors Service on Dec. 24 placed the ratings of Tatneft and its subsidiary enterprises on review with the possibility of a downgrade, Moody's said-Interfax."Moody's Investors Service has placed on review for downgrade Tatneft OAO's Baa3 issuer rating," the agency said."This action reflects the ongoing severe and rapid deterioration in the operating environment in Russia and the heightened risk of a more prolonged and more acute economic downturn than originally anticipated," it said."It also follows Moody's decision on Dec. 22 to lower Russia's foreign currency bond ceiling to Baa2 from A3, foreign currency deposit ceiling to Ba1 from Baa2, and local currency bond and deposit ceilings to Baa1 from A3," Moody's said.  Full Article

Tatneft' OAO announces production and sales guidance for 2015-Interfax
Thursday, 4 Dec 2014 05:12am EST 

Tatneft' OAO:Plans to increase production and sales in 2015 by 4.3% and 3.2% respectively compared to this year's targets, the Director of Tatneft-Neftekhim Management Company, Anvar Vakhitov told reporters on Dec. 4-Interfax."Group plans to produce 11.848 million tires and sell 11.995 million tires this year, and respectively 12.36 million and 12.373 million in 2015".He said production will decrease by 8-9% this year, while sales are expected to remain at the 2013 level.  Full Article

Marangoni and Tatneft' OAO to establish joint venture in tire retreading in Russia
Wednesday, 12 Nov 2014 07:00pm EST 

Tatneft' OAO:Marangoni and Tatneft Group agreed to form a joint venture (JV) in Russia for tire retreading of all steel truck tires.The JV will be operated through KaMaRetread LLC where LLC Trading House "Kama", a wholly owned subsidiary of Tatneft, will own 65% while Marangoni S.p.A. will own 35%.The joint venture company will be based in Nizhnekamsk, Republic of Tatarstan.The JV will be manufacturing retreaded all steel truck (AST) tires.  Full Article

Moody's affirms Tatneft' OAO rating, changes outlook to negative
Wednesday, 22 Oct 2014 09:43am EDT 

Tatneft' OAO:Moody's Investors Service has changed to negative from stable the outlook on the Baa3 ratings of oil company Tatneft OAO.Concurrently, Moody's has affirmed the Baa3 rating of the company.This action follows the change of outlook to negative from stable on the sub-sovereign rating of the republic of Tatarstan on Oct. 21.Change of outlook directly reflects the recent change of outlook on the Baa3 sub-sovereign rating of the Government of Tatarstan, which is a major shareholder in Tatneft.Owing to its status as government-related issuer (GRI), the rating of Tatneft could be constrained by any potential further deterioration in the Government of Tatarstan's creditworthiness.The rating actions on Tatarstan follow the weakening of Russia's credit profile, as reflected by Moody's downgrade of Russia's government bond rating to Baa2 from Baa1 on Oct. 17.The actions also reflects Tatarstan's exposure to rising systemic pressures alongside its adequate capacity to manage short-term refinancing risks.Affirmation of Tatneft's senior unsecured issuer ratings reflects Moody's view that the company's financial, operating and liquidity profile remains commensurate with the Baa3 rating category.  Full Article

Tatneft' OAO opens another two filling stations in Belarus-Interfax
Tuesday, 21 Oct 2014 07:46am EDT 

Tatneft' OAO:Tatneft has opened two new filling stations in Belarus, the oil company's press service said-Interfax.The stations were opened in Minsk region's Nesvizhsky district.One is located on the M-1/E-30 Brest-Minsk-Russian border highway, and the other at the sixth kilometer of the R-12 Nesvizh-Kletsk road.Tatneft now has a total of 13 filling stations in Belarus.The company opened its first filling station in the republic in 2011.Tatneft planned to build a total of 37 filling stations in Belarus.  Full Article

Ukraine appeals ruling of international arbitration in dispute with Tatneft' OAO-Interfax
Tuesday, 2 Sep 2014 07:41am EDT 

Tatneft' OAO:Ukraine has appealed the ruling of the International Court of Arbitration on compensating $112 million plus interest to Tatneft’ OAO over a dispute on the ownership rights of Russian oil company Ukrtatnafta ZAO-Interfax.According to Global Arbitration Review journal, Ukraine filed an appeal to the Appeal Court of Paris on Aug. 27.A source familiar with the case said that the review of the decision of the international arbitration in the Court of Appeal is unlikely since procedural violations during the trial were not recorded.  Full Article

Russia's Tatneft says recommends 2014 dividends of 10.58 roubles/share

MOSCOW, April 27 - Russian mid-sized oil producer Tatneft said on Monday that its board had recommended 2014 dividends of 10.58 roubles per share for its preferred and ordinary shares.

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