Sistema: Statement Regarding Press Coverage
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, notes the movement in the share price and the media coverage regarding restrictions on transactions with the shares of Bashneft OJSC owned by Sistema and CJSC Sistema-Invest imposed by the Moscow Court of Arbitration. The Company is …
The IX International Conference «Oil and Gas Field Services in Russia» Will Be Held on the 9th of October in Moscow.
During this annual conference, the leading oilfield service companies will discuss today’s status of industry with potential customers. The burning issue of the conference is working practice under modern conditions of the West sanctions and complication of the relations at all; identification of weaknesses and sensitive areas of Russian oil …
Petroneft Resources: 1H Results – Average Production of 2,163 bopd
PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its results for the 6 months ended 30 June 2014. Highlights: • H1 production average of 2,163 bopd. • Farmout of Licence 61 to Oil India completed, Company is now debt-free. …
Sistema: Vladimir Yevtushenkov’s House Arrest Extended to the 16th of November
A Moscow court ordered wealthy businessman Vladimir Yevtushenkov on Thursday to remain under house arrest until Nov. 16, sending shares in his company Sistema sharply lower in a case that has shocked Russia’s business community and unnerved investors reported Vladimir Soldatkin. * Yevtushenkov to stay under house arrest until Nov. …
Sistema: Vladimir Yevtushenkov's House Arrest Extended to the 16th of November
A Moscow court ordered wealthy businessman Vladimir Yevtushenkov on Thursday to remain under house arrest until Nov. 16, sending shares in his company Sistema sharply lower in a case that has shocked Russia’s business community and unnerved investors reported Vladimir Soldatkin. * Yevtushenkov to stay under house arrest until Nov. …
Sistema: Russian Court Seizes Shares due to “Significant Violations” of the Law
A Russian court has seized shares in oil company Bashneft that are owned by Sistema, a conglomerate controlled by wealthy businessman Vladimir Yevtushenkov, over alleged violations in the oil firm’s sale reported Reuters. The court granted a request by the Russian prosecutor general’s office, which said on Friday it had …
Sistema: Russian Court Seizes Shares due to "Significant Violations" of the Law
A Russian court has seized shares in oil company Bashneft that are owned by Sistema, a conglomerate controlled by wealthy businessman Vladimir Yevtushenkov, over alleged violations in the oil firm’s sale reported Reuters. The court granted a request by the Russian prosecutor general’s office, which said on Friday it had …
Sistema: Fails to Complete United Petrochemical Company Acquisition
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, announces that the acquisition of a 98% stake in OJSC United Petrochemical Company (“UPC”) from the Group’s subsidiary JSOC Bashneft has not been completed. Bashneft retains ownership of UPC.
Petrogrand: To Frac Zapadno-Ambarskaya to See if Commercial Flows are Possible
Following the results of the Petrogrand‘s well Zapadno-Ambarskaya N 6, drilled in 2012, the Board of Directors has decided to undertake hydro-fracking on the Well No. 6, on the Nizhnepaninsky license area. After an extensive review of the drilling results, the seismic data and with the application of modern modelling …
Bashneft: Board Submits Deals to EGM for Approvals
At its latest meeting held on September 23, 2014, JSOC Bashneft’s Board of Directors decided to submit a number of related-party transactions to the Extraordinary General Meeting of Shareholders of the Company for review on October 15, 2014 Thus, it was suggested that the Meeting of Shareholders should approve a …