OAO Gazprom’s investment and dividend plans may suffer because of Ukraine’s failure to pay for natural gas supplies, the Russian export monopoly said.
OAO Rosneft , Russia’s largest oil producer, may see profits narrow in line with rivals by the third quarter of 2011 when tax exemptions for the Vankor deposit are expected to be lifted.
AFK Sistema may merge its Bashkir oil assets and OAO Russneft , after reducing the almost $7 billion of debt owed by the crude producer founded by Russian billionaire Mikhail Gutseriev .
OAO Lukoil, Russia’s second-largest oil producer, plans to begin commercial production in Iraq as soon as March, prompting UralSib Capital to reiterate its buy recommendation on a stock trading at the cheapest in four years versus peers.
"But even that won't be enough to keep up drilling activity at $60 a barrel."
- Alexei Kokin on Dec 16, 2014