For 2021, the board recommends a price of 41.66 rubles per share. It’s possible that foreign investors will have trouble being paid. Rosneft PJSC, Russia’s oil powerhouse, promised record dividends as oil prices rise, however some overseas investors may struggle to get the payout. The board recommended 23.63 rubles per share, bringing full-year dividends to … Read more
RIYADH: Russian oil firm Rosneft has reported an increase in net income for the third quarter this year by 35 per cent, to 314 billion rubles ($4.3 billion), Arab News reported. The company’s earnings before interest, taxes, depreciation, and amortisation increased by 11.7 per cent to 638 billion roubles ($8.8 billion) in the third quarter, compared with … Read more
Venezuela is likely to face financial pressure as the US sought to blacklist a subsidiary of Russia’s state-controlled Rosneft oil giant. According to the international news agency, the step freezes any US-held assets of the Switzerland-based Rosneft Trading SA and its chairman, Didier Casimiro. The company is accused of supporting President Nicolás Maduro to avoid … Read more
