2013

President Vladimir Putin is to pardon one of his best known opponents, oil tycoon Mikhail Khodorkovsky, after a decade in gaol in what may be a gesture to critics of his human rights record before Russia hosts the Winter Olympics. Putin made the surprise announcement that he would soon free …

On 14 October 2013, Urals Energy, the independent exploration and production company with operations in Russia, announced that it had received a non-binding letter of intent from a third party, whom the Board and the Company’s advisers considered to be highly credible, setting out the third party’s intention (subject, inter …

Urals Energy, the independent exploration and production company with operations in Russia, announces that its Moscow office was visited by police officers towards the end of last week. During the visit a number of files were removed. The directors of Urals Energy (“the Board”) believe that the visit may be …

Olga Volkova is the Tenaris Country Manager in Russia. Her responsibilities include Tenaris’s operations in the Russian Federation, Byelorussia, Ukraine, Uzbekistan and Azerbaijan. She has been working with Tenaris for seven years and is based in Moscow. How long have you been doing business in the region? Tenaris has had …

SOC Bashneft announces the launch of a corporate reorganization through a merger with CJSC Bashneft-Invest, a 100% subsidiary established as a result of the spin-off from CJSC Sistema-Invest. CJSC Sistema-Invest is owned by OJFC Sistema (50.6%) and JSOC Bashneft (49.4%) respectively, and at present holds a 25.2% stake in Bashneft’s …

The Extraordinary General Meeting of Shareholders of Bashneft held yesterday by absentee voting decided to pay dividends for the nine months of 2013 amounting to 199 roubles per ordinary registered share and per preferred registered share of the Company. Interim dividends, which are to total about 45.25 billion roubles, will be paid before the end of 2013. Earlier, in June 2013, …

OAO NOVATEK announced today that the Board of Directors of Yamal LNG approved a final investment decision for the Yamal LNG project, consisting of the development of the South-Tambeyskoye gas condensate field and the construction of a natural gas liquefaction plant on the Yamal Peninsula (the “Project”). All of the …

Gazprom Neft’s Board of Directors has reviewed the initial results of the 2013 investment programme and budget as well as plans for 2014. In the current year the Company’s production is expected to reach 62.2 million tonnes of oil equivalent, a 4.3 % increase over 2012. Refining throughput will reach …

*Manfred Kastner, Ronald Harder, Anna Brinkmann and Leonid Mirzoyan re-confirmed as Members of the Management Board of C.A.T. oil AG *Appointments extended until end of fiscal year 2018 *Supervisory Board acknowledges the board’s commitment to the Company’s strategy aiming at sustainable and profitable business growth The Supervisory Board of C.A.T. …

Shelton Petroleum’s total oil production in November 2013 amounted to 30,060 barrels, equivalent to 1,002 barrels per day. Shelton Petroleum holds 100% of the Rustamovskoye license in Russia. Shelton Petroleum has a 45% working interest in Kashtan Petroleum (holder of the license to the Lelyaki oil field) through its wholly …