International Petroleum: 6M Review and Update
International Petroleum Limited (NSX: IOP) (“International Petroleum” or the “Company”), an oil and gas exploration company is pleased to present its quarterly activities report for the quarter ended 31 March 2014 and the quarter ended 30 June 2014. UPDATE ON KEY ISSUES • US$121k cash at bank at 31 March …
Sistema: Statement on Court Ruling – Sistema Disagrees with the Decision and is Considering an Appeal
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, announces that today the Arbitrazh (Commercial) Court of the City of Moscow ruled in favour of the civil claim seeking to return the shares of JSOC Bashneft owned by Sistema and its subsidiary Sistema-Invest to the Russian …
Bashneft: Statement of Court Share Ruling – 30 Days to Appeal
Today, the Moscow Commercial Court has upheld the claim of the Prosecutor General’s Office of the Russian Federation for the recovery of JSOC Bashneft’s shares owned by JSFC Sistema and CJSC Sistema-Invest in favor of the Russian Federation. This ruling has not come into force, and under the Russian legislation, …
Ukraine – Gazprom, Russia Gas Deal Agreed – Some Debt Settled Plus Cash Prepayments
Ukraine, Russia and the European Union signed a deal on Thursday that will see Moscow resume vital supplies of gas to its ex-Soviet neighbor over the winter in return for payments funded in part by Kiev’s Western creditors reported Reuters. After several failed rounds of talks in recent weeks as …
Gazprom Neft: Reviews Gas Sales and Utilisation of Associated Petroleum Gas
The Board of Directors of Gazprom Neft has reviewed implementation of the programme aimed at improving its associated petroleum gas (APG) utilisation programme. Gazprom Neft is one of Russia’s leading companies in Russia in terms of greater APG utilization, with usage rates increasing by a half over the past four years — and this despite a significant growth in the volumes of APG produced, from …
Ukraine Gas Supplies in Doubt as Russia Seeks EU Payment Deal
Ukraine’s efforts to unblock deliveries of Russian gas as winter sets in were deadlocked on Thursday as Moscow’s negotiators were quoted demanding firmer commitments from the European Union to cover Kiev’s pre-payments for energy. EU-hosted talks were adjourned after running late into the night, Energy Minister Alexander Novak and the head …