Financial results

In January – September, Slavneft’s net profit increased by 2.6 times to 17.2 billion rubles

In January – September, Slavneft’s net profit increased by 2.6 times to 17.179 billion rubles. Growth in profit is presupposed by ‘participation in other organizations’ that increased by 2.9 times to 18.805 billion rubles. Revenue declined by 8% to 7.747 billion rubles. Production prime cost within the period was 6.175 billion rubles, by 3% more than last year. Pretax profit increased by 2.5 times to 16.825 billion rubles
Slavneft is the joint venture of Rosneft and Gazprom Neft.

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In January – August, Gazprom’s export revenue declined by 4%

In January – August, Gazprom’s export revenue declined by 4% to $42.8 billion. Physically, exports increased from 117.4 billion cubic m to 124 billion cubic m, including 89 billion cubic m to far abroad (74.4 billion cubic m a year ago), and 35 billion cubic m to near abroad (43 billion cubic m a year ago).
Translated by Nadezhda Poltoratskaya       
Source: http://www.angi.ru/news.shtml?oid=2805478

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Metinvest is going to raise credit of $500 million

The Ukrainian largest mining and metallurgical holding Metinvest, a member of SKM is going to raise credit of $500 million within the bounds of the pre-export financing, a source in the banking sphere says. Metinvest gives no commentaries about the issue.

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In 2013 – 2014, Norilsk Nickel dividends will be not less than $2 billion

It was agreed that in 2013 – 2014, Norilsk Nickel dividends will be not less than $2 billion, i.e. approximately 50% of EBITDA, the company reports. They state that it’s the minimum sum that does not concern possible income from the sales of foreign and non-profile energy assets.
Norilsk Nickel stocks reacted with growth by 1.6% to the news about the volume of dividends. The MICEX index increased by 0.2%.
On September 30th, the majority shareholders of Norilsk Nickel brought the corresponding changes to the shareholders agreement. The reconciliation agreement of UC Rusal, Interros and Millhouse closed in December 2012 presupposed payment of dividends of $9 billion within 2012-2014. In 2012, Norilsk Nickel paid dividends of 63.43 billion rubles, or 400.83 rubles per l stock.

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New Enhancements to Rusmininfo,full story selector available in Russian

Rusmininfo is pleased to announce some further enhancements to the news service.This week we have launched a full story selection system in Russian so now every user can select the news they want to receive according to their exact parameters in both Russian and English for full e-mail alerts.
To set up your new selections please log in and click on 'My News Alerts' then use the drop down menu and click on the companies,countries and sectors you want to receive news on.
If you have mislaid your log in details please e-mail [email protected]
Best Regards
Rhod Mackenzie
Managing Director

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On October 25, Sibur shareholders will discuss dividends for H1

The Board of Directors of Sibur has decided to summon the extraordinary shareholders session for discussion of the volume of dividends for H1. It will be held in a form of absent voting on October 25. Those that will participate are the shareholders registered by September 20th.
Sibur paid interim dividends for the first time for H1 2012. Their total volume was 7.407 billion rubles then, 3.4 rubles per stock. Total payment for 2012 was 15.031 billion rubles concerning interim dividends. The current dividend policy presupposes payment of 25% of net profit by ISA, and the holding is not going to change that.

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Freezing of tariffs to affect the plans of Transneft

The plan to freeze annual indexation of tariffs together with increment of the property tax will be reconsidered and may need reduction of the investment program of Transneft up to 2018.
On September 10 Transneft approved the investment program for 2014-2018, including the projects of development of the main oil lines and oil product lines.

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On September 24, Gazprom will discuss investment to the Third Energy Package

On September 24th, the Board of Directors of Gazprom will discuss investment into the European Third Energy Package and the aftereffects of its realization. The agenda includes the point of the investment policy of the company and realization of large investment projects. The directors will also discuss the structure of the foreign assets of the concern, policy and possible results of the practical realization of the EU Third Energy Package.

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Tatneft has brought into the public its results for H1 2013 by ISA

Tatneft has made public its results for H1 2013 by ISA. The results demonstrated by the company are moderately negative, no rapidly growth, as there was a year ago. The oil refining complex of the company has reached the planned capacity. The state of affairs at the internal oil products market remains difficult.
The company is going to make one more step ahead with the launch of the hydro cracking utility at Taneko in the end of 2013, that will enlarge the share of light oil products yield from 45% to 60%. It will positively influence revenue and profitability of the company but only in 2014.

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For H1 2013, Novatek will pay interim dividends of 3.40 rubles per stock

On September 6th, Novatek's Board of Directors have held a visiting session in the settlement of Sabetta in the Yamal Nenets autonomous area. They discussed the operational results for H1 2013 and decided to recall on October 22nd the extraordinary shareholders session in a form of absent voting for the agreement of the decision on dividend payments for H1 2013. The list of persons liable to participate will be compiled under the state on September 16 2013.
In H1 2013, Novatek gained net profit of 13.169 billion rubles by RAS (-38.1%), and 34.428 billion rubles by ISA (+11.4%).

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