News: Surgutneftegaz OAO (SNGS.MM)

SNGS.MM on Moscow Interbank Currency Exchange

18 Apr 2014
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Mon, Mar 31 2014

Russian oil firm Surgut's cash pile jumps to $28 bln

MOSCOW, March 31 - The cash reserves of Russia's third-largest crude oil producer Surgutneftegas jumped by 17 percent to more than 1 trillion roubles ($28 billion) in 2013, company data and Reuters calculations showed on Monday.

UPDATE 1-Russia's Surgut says launches Europe's largest hydrocracker

* The complex would produce 98,000 bpd of middle distillates

UPDATE 1-Putin says workers own big stake in Russian oil firm Surgut

MOSCOW, Dec 19 - Workers at Russian oil firm Surgutneftegas own a large stake in the business, President Vladimir Putin said on Thursday, lifting some of the uncertainty over who controls the country's No.3 oil producer and its huge cash pile.

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