Gazprom taking comprehensive measures to build long-term investor relations
The Board of Directors approved Gazprom’s current shareholder and investor relations and tasked the Management Committee to take further steps for improving it. Gazprom is taking comprehensive measures to build long-term efficient relations with representatives of the investment community. Special attention is paid to maintaining a transparent and constructive dialogue. The aim of this activity is to clarify Gazprom’s current activities and development …
Gazprom: Board of Directors approves Investment Program, Budget and Cost Reduction Program for 2013
The Gazprom Board of Directors took notice of the information on the Company’s preliminary operating results of 2012, projected Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2014–2015. Pursuant to the 2013 Investment Program, priority in capital construction costs allocation will be given to the following gas production projects: pre-development of the Bovanenkovskoye, Medvezhye, Urengoyskoye, Yamburgskoye and other …
Board of Directors approves Gazprom activities to arrange pre-development of Chayandinskoye and Kovyktinskoye fields
The Gazprom Board of Directors approved the Company’s activities to arrange pre-development of the Chayandinskoye and Kovyktinskoye fields and took notice of the information regarding their development prospects. Kovyktinskoye field Enlarge photo (JPG, 1 MB) The Management Committee was tasked to inform the Board of Directors on the interim results of these activities in the fourth quarter of 2013. Source
Shah Deniz Group in Talks to Buy Nabucco Pipeline Stake
Azerbaijan’s Shah Deniz II gas group could agree to take over a 50 percent stake in the Nabucco pipeline consortium by January, boosting Nabucco’s prospects in a competition between projects that aim to pipe Azeri gas into Europe. Nabucco stakeholder Bulgarian Energy Holding (BEH) said on Thursday that talks were …
Igor Sechin and Bob Dudley Discuss Rosneft and TNK-BP Integration
Rosneft President and Chairman of the Management Board held a working meeting with BP CEO Bob Dudley to discuss the integration of Rosneft and TNK-BP. Bob Dudley will become a member of the steering committee co-ordinating the integration that will be chaired by Igor Sechin. The parties confirmed their commitment …
Bashneft to allocate over 11 billion roubles for improving the reliability of pipelines in 2013-2017
Bashneft has developed and started implementing a target programme aimed at improving the reliability of pipelines in 2013–2017. The implementation of the programme is aimed at minimizing the negative environmental impact of Bashneft’s oil production, and at minimizing the loss of products by reducing the number of equipment failures and the accident rate in the pipeline transportation system. The programme involves upgrading over 1,258 …
Top Managers Increase Stakes in Lukoil Share Capital
President Vagit Alekperov and Vice-president Leonid Fedun of OAO LUKOIL made significant acquisitions in Company stock in the amount of 2,100,175 shares and 1,900,120 shares at market price, which amounted to USD 136.4 million and USD 123.8 million, respectively. As a result of the transactions, Vagit Alekperov’s stake in LUKOIL …
Results of the KMG EP Board of Directors’ meeting
KazMunaiGas Exploration Production (“KMG EP” or the “Company”) has held its regular Board of Directors (“the Board”) meeting. KMG EP’s Board of Directors has approved the budget for 2013. This budget assumes average Brent oil price for the year of $90 per barrel, in accordance with the official forecasts of …
Rosneft and Pirelli Sign Cooperation Agreement
Rosneft and Pirelli & C. S.p.A. signed an agreement to develop cooperation in trade and marketing. The agreement was signed by Igor Sechin, President and Chairman of the Management Board at Rosneft, and Marco Tronchetti Provera, Managing Director of Pirelli & C. S.p.A. The two companies plan to run joint …
STC of Tatneft Will Be Located in Skolkovo Technopark
The Scientific and Technical Center of the JSC TATNEFT will be located in “Skolkovo” Research and Technology Park (Technopark). The ceremony of signing the Agreement on the establishment and location of the STC of TATNEFT in the Technical Center territory was held with participation of Rustam Minnikhanov, President of the …