Slavneft and the Yaroslavl Regional Government Sign 2012 Cooperation Agreement
Yury Sukhanov, President of OAO NGK Slavneft and Sergey Vakhrukov, Governor of the Yaroslavl region, have signed the additional protocol to the basic long-term Cooperation Agreement determining the key actions and cooperation parameters for the regional social sphere development in 2012. According to the document, the Slavneft Subsidiaries operating in …
Bashneft Wins Auction for Two Subsoil Blocks in the Nenets Autonomous District
Bashneft was recognized as winner of the auction held today by the Department of Subsoil Use of the Nenets Autonomous District (NAOnedra) and was granted the rights to geological exploration, finding, surveying, and production of hydrocarbons of the Yangareiskiy and Sabriyaginskiy subsoil blocks. The company will make a one-time payment …
Bashneft Issues 10bn Rb Worth of Bonds
Bashneft has placed series 04 certificated interest-bearing non-convertiblebearer bonds (the state registration number 4-04-00013-A of 29 September 2011) with a total par value of 10 billion rubles and obligatory centralized custody. The bonds have a maturity period of 10 years (3640 days) and a put option after 3 years. Investors have placed 34 orders for series 04 bonds with …
Gazprom: Russian-Kazakh cooperation to be enhanced
Gazprom headquarters hosted today a working meeting among Alexey Miller, Chairman of the Company’s Management Committee, Umirzak Shukeyev, Head of the Samruk-Kazyna National Welfare Fund, Chairman of the KazMunaiGaz Management Board and Kairat Boranbayev, Chairman of the KazRosGaz Management Board. The meeting focus was placed on taking new opportunities available after the Common Economic Space had been …
Bashneft announces the results of international audit of the Company’s oil reserves for 2011
JSOC Bashneft has announced the results of an annual independent audit of the Company’s oil reserves conducted by Miller and Lents, Ltd. according to the international PRMS classification (Petroleum Resources Management System). According to the audit results, as of 31 December 2011, JSOC Bashneft’s proven reserves amount to 1 983.5 million barrels of oil, the replacement ratio of proven reserves is 167% and the Company …
Baker Hughes New CEO, Martin Craighead, Assumes Role
Martin Craighead has assumed the role of Baker Hughes’ President and Chief Executive Officer. Craighead will build upon the successful seven-year tenure of Chad Deaton, who will remain Chairman of the Board of Directors. “During Chad’s tenure, Baker Hughes has undergone a significant transformation positioning us well to execute in …