Integrated Oil & Gas

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Gazprom neft' OAO expects 2014 net profit on a par with 2013, plans 6 pct oil production increase-Interfax

2:07am 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.

Gazprom OAO expects to produce 444.4 bcm of gas in 2014-Reuters

Wednesday, 24 Dec 2014 07:06am EST

Gazprom OAO:Gazprom said it expected to produce 444.4 billion cubic metres (bcm) of natural gas in 2014, an all-time low, down from 487.4 bcm last year-Reuters.A company spokesman also said Gazprom had just received a $1.65 billion payment from Ukraine to cover the country's gas debts.He also said Ukraine's state-owned energy firm Naftogaz had used up only 300 million cubic metres of Russian gas so far in Dec. out of 1 bcm which Ukraine has already paid for.The unused volumes will be shipped in Jan., he added.

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.

NK Rosneft' OAO increases its stake in National Oil Consortium to 80 pct of shares

Monday, 22 Dec 2014 07:00pm EST

NK Rosneft' OAO:Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20 pct share in the National Oil Consortium LLC (NOC).Due to this deal the share of Rosneft in the charter capital of NOC will increase to 80 pct, with the remaining 20 pct owned by Gazprom Neft.


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