Financial results

In January – September, Gazprom Neft reduced net profit by 22% to 51.68 billion rubles

In January – September, Gazprom Neft reduced net profit by 22.2% to 51.681 billion rubles, and pretax profit by 16% to 62.7 billion rubles, and increased revenue by 9.4% to 735.62 billion rubles, gross profit by 19.5% to 118.209 billion rubles, sales profit by 32.6% to 61.984 billion rubles.
Gazprom Neft is a Gazprom subsidiary. The latter shares 95.68% in the company. In 2012, Gazprom Neft increased net profit by 10.2% to 176.7 billion rubles by ISA, and by 10.4% to 84.505 billion rubles by RAS.

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Lukoil reduced profit by RAS by 20%

In January – September, Lukoil reduced net profit by RAS by 20% to 202.04 billion rubles ($6.36 billion). The company gained revenue of 31.15 billion rubles or $981.27 billion (+3.9%), sales profit of 14.79 billion rubles or $466 million (+9.8%), and pretax profit of 208.47 billion rubles or $6.57 billion (-17.6%).
In 2012, net profit by US GAAP  was $10.93 billion.
Translated by Nadezhda Poltoratskaya       

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The State Oil Fund of Azerbaijan announces the amount of income since the beginning of Shakh-Deniz fulfillment

As of October 1st, since 2007 the State Oil Fund of Azerbaijan has obtained $1,502.8 million in the framework of the development of the Shakh-Deniz deposit in the Azerbaijani sector of the Caspian Sea.
In January-September the incomings to the fund in the framework of Shakh-Deniz made up $289.8 million.
The reserves of Shakh-Deniz are assessed in 1.2 trillion cubic metres of gas.
The contract for development of the deposit was signed on June 4, 1996. The participants of the agreement are BP (the operator) – 25.5%, Statoil – 25.5%, NICO – 10%, Total – 10%, Lukoil – 10%, TPAO – 9% and SOCAR – 10%.

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CEO of Kyrgyzgaz T. Kulmurzayev: Gazprom and Kyrgyzgaz have closed very advantageous contract

The CEO of Kyrgyzgaz T. Kulmurzayev says that his company is not bankrupt  as yet but is on its last legs. Lately mass-media reported that the enterprise has allegedly turned bankrupt and is sold to Gazprom due to that. By the beginning of 2010, loss of the entity was over $10 million, but by the end of 2010 profit was over $2.6 million. in 2012, profit was $640,000 that is too little for such a company..

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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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