Rosneft President Igor Sechin did not rule out that the company could buy new oil and gas assets in 2014, he told the journalists at a press conference last week.
“The company had an organic growth, but we will consider all possible options, which will be presented,” Sechin said when asked about purchase of new assets.
Rosneft President also added that the company will have enough oil resources for 17 years and gas resources for 31 years.
He added that in 2013 Rosneft will increase the dividend payments by 50% up to 120 billion rubles. The profitability of securities will constitute 5%, Sechin added.
Rosneft has concluded agreements with Norwegian Statoil, Italian Eni and US ExxonMobil, according to which the companies have committed themselves to conduct geological and exploration works in charge of the share in the Arctic shelf projects, reported http://itar-tass.com.--0---
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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