Key Developments: Gazprom neft' OAO (SIBN.MM)

SIBN.MM on Moscow Interbank Currency Exchange

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Latest Key Developments (Source: Significant Developments)

Moody's downgrades Gazprom neft' OAO issuer rating, places under review for further possible downgrade
Monday, 19 Jan 2015 07:00pm EST 

Gazprom neft' OAO:Moody's Investors Service downgraded issuer rating (foreign currency) of company to Baa3 from Baa2; placed under review for further possible downgrade.Outlook, remains as rating under review.  Full Article

Fitch downgrades Gazprom neft' OAO ratings to BBB- from BBB, negative outlook
Tuesday, 13 Jan 2015 09:29am EST 

Gazprom neft' OAO:Fitch rating agency downgrades Gazprom neft long-term local currency IDR to BBB- from BBB with negative outlook.Fitch Ratings has taken rating actions on 13 Russian companies, following its downgrade of the Russian sovereign.  Full Article

Gazprom neft' OAO expects 2014 net profit on a par with 2013, plans 6 pct oil production increase-Interfax
Friday, 26 Dec 2014 02:07am EST 

Gazprom neft' OAO:Gazprom Neft expects net profit in 2014 to be on a par with last year's, but the final result will depend on the exchange rate difference, company head Alexander Dyukov said in an interview on the Rossiya 24 television channel-Interfax.Operating profit is expected to rise nearly 10 pct, he said.The oil production increase for full-year 2014 will be 6 pct, he said.In 2013 Gazprom Neft's net profit to International Financial Reporting Standards (IFRS) was 177.92 billion Russian roubles, 0.9 pct more than in 2012.Gazprom Neft's hydrocarbon production in 2013 was 62.2 million tonnes of oil equivalent and oil production was about 50 million tonnes.  Full Article

Novatek, Gazprom Neft' joint venture launches second stage of the Urengoyskoye field
Monday, 15 Dec 2014 07:00pm EST 

Gazprom neft' OAO:SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft) launched the second stage of the Urengoyskoye field including the second train of the gas condensate de-ethanization unit.Overall capacity of the two stages of field development is about 13 billion cubic meters of natural gas and more than 4.7 million tons of de-ethanized gas condensate per annum.  Full Article

Gazprom neft' OAO raises credit from Gazprombank-Interfax
Monday, 1 Dec 2014 07:43am EST 

Gazprom neft' OAO:The board of directors of Gazprom Neft approved receipt of a loan from Gazprombank totaling 8 billion Russian roubles, the company said in a statement-Interfax.The unsecured loan matures on Feb. 6, 2016.The board also approved provision of guarantees on letters of credit opened by Gazprom Neft Novy Port LLC at Gazprombank.The first letter of credit is for 4.979 billion roubles and the second is for 80 million roubles.  Full Article

Gazprom neft' OAO increases indirect stake in Yuzhno-Priobskiy gazopererabatyvayushchiy zavod
Thursday, 6 Nov 2014 11:00am EST 

Gazprom neft' OAO:Says increased indirect stake in Yuzhno-Priobskiy gazopererabatyvayushchiy zavod to 72.66 pct from 50 pct through Gazpromneft'-Khantos.  Full Article

Gazprom neft' OAO challenges EU sanctions in court-Reuters
Tuesday, 28 Oct 2014 10:18am EDT 

Gazprom neft' OAO:Gazprom Neft said it has challenged in a European Union court the bloc's sanctions against it, imposed as part of wider restrictions on Russia over Ukraine-Reuters.Gazprom Neft has been targeted by EU as well as U.S. sanctions over the crisis in east Ukraine where the West says Moscow is supplying arms and troops to pro-Russian separatists fighting to split from Kiev."Gazprom Neft confirms information that it has challenged the EU sanctions in the Court of Justice of the European Union," a representative of the company said without giving more detail.EU sanctions restrict the ability of Gazprom Neft, Russia's fourth biggest oil producer by output, to raise capital on European markets.  Full Article

Fitch affirms Gazprom neft' OAO rating at BBB
Tuesday, 28 Oct 2014 07:43am EDT 

Gazprom neft' OAO:Fitch Ratings has affirmed Gazprom Neft's (GPN) long-term foreign and local currency Issuer Default Ratings (IDRs) at BBB with negative outlook.The affirmation applies to all debt issued by GPN and its subsidiary GPN Capital SA prior to Sep. 1.GPN's BBB rating reflects its upstream and downstream operations, moderately diversified reserve base across Russia, solid operational metrics and conservative, though moderately rising, leverage.  Full Article

Moody's affirms Gazprom OAO, Gazprom neft' OAO ratings
Tuesday, 21 Oct 2014 09:10am EDT 

Gazprom OAO:Moody's Investors Service, (Moody's) has affirmed the Baa1 ratings of the government-related issuer (GRI) Gazprom and the Baa2 ratings of its subsidiary Gazprom neft' OAO (Gazprom Neft) and the respective ratings of their guaranteed debt-issuing subsidiaries.The outlook on all ratings is negative.Gazprom's Prime-2 short-term rating remains unchanged.These actions 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 affirmation of Gazprom's issuer rating reflects Moody's view that the strength of the company's business, operating and financial profile, as well as its importance for the government, position its rating one notch above the sovereign rating at Baa1.The affirmation of Gazprom Neft's (98 percent owned by Gazprom) Baa2 rating reflects the company's close operating and financial linkage with its parent's ratings.The negative outlook on all ratings reflects Moody's view that both companies' ratings are sensitive to changes in the sovereign creditworthiness, notwithstanding the current differential between Gazprom's and the government's ratings.  Full Article

Gazprom neft' OAO approves purchase of Kuvaisky block in Orenburg region-Interfax
Sunday, 12 Oct 2014 11:07pm EDT 

Gazprom neft' OAO:The board of directors of Gazprom Neft has approved the purchase of a 99.9 percent stake in LLC Yugra-Intek by CJSC Gazprom Neft Orenburg (GNO), the Russian oil company said-Interfax.Yugra-Intek holds the license to the Kuvaisky block in Orenburg Region, which has D1 category oil resources of 2 million tonnes.Deep drilling has not been conducted at the 140-square-km block and structures have not been prepared for drilling.Oil, gas and condensate pipelines are located within 12-15 km of the block's boundaries.Yugra-Intek bought the block at auction in 2008, paying 14.95 million rubles; the starting price was 11.5 million rubles.The sole owner of LLC Yugorskaya Innovatsionnaya Toplivno-Energeticheskaya Kompaniya is Dmitry Veliky, the SPARK-Interfax database shows.  Full Article

Russia's Gazprom Neft asks govt for financial help - Kommersant

MOSCOW, March 6 - Russia's Gazprom Neft, the oil arm of gas producer Gazprom, has asked the government for 198 billion roubles ($3.3 billion) in financial aid, the daily Kommersant reported on Friday.

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