Russneft

RussNeft supports increase in quotas for oil production within OPEC+

Russneft is in favor of continuing the OPEC agreement with independent oil producers to reduce oil production (the OPEC+ deal), while production quotas under the agreement should be increased.

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Neftegazholding and Novatek were leaders of oil production reduction within OPEC+ deal in May

Neftegazholding (previously - Independent Oil and Gas Company, NNK) of Eduard Khudainatov and Novatek most reduced the volume of oil production in May 2018 compared to the level of October 2016 in

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In January-May, Rosneft increased oil production by 1% to 78.6 mln tons

In January-May 2018, Rosneft increased oil production by 1% compared with the figure in the same period last year to 78.614 million tons.

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Russneft’s dividends may be $40 mln

Russneft can direct $40 million to pay dividends on "preferred shares" for 2017, as in 2016.

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Russneft may allocate $40 mln for payment of dividends for preferred shares for 2017

Management of Russneft has prepared a proposal to the company’s Board of Directors to pay dividends on results of the company's activities in 2017.

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Russia again stopped supplies of oil to Uzbekistan

According to the materials of the Central Dispatch Office of the Fuel and Energy Complex, export of Russian oil to Uzbekistan amounted to 36 thousand tons in January-April 2018.

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Merger of Russneft and Neftisa is not planned

A merger of Russneft and Neftisa is still an idea and not planned for implementation. This was informed by the press centre of Russneft.

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Russneft expects to receive over 10 bln rubles from MET benefits in 2018

In 2018, Russneft expects to receive more than 10 billion rubles due to benefits of the mineral extraction tax (MET) for its fields.

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In 2018, Russneft plans to reduce investments by 10.5% to 23 bln rubles

In 2018, Russneft has planned to reduce amount of investments by 10.5% compared to the previous year to 23 billion rubles, said senior vice-president of Russneft on economics and finance Olga Prozo

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In January-March, Rosneft increased oil production by 0.4% to 46.8 mln tons

In January-March 2018, Rosneft increased oil production by 0.4% compared to the same period last year to 46.795 million tons.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

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