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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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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