China's Huawei to invest $3 mln in joint projects with Russia in 2017Business & Economy April 25, 13:33
Mongolia asks Russia to arm its air defense forcesMilitary & Defense April 25, 13:19
Serbian military wants to take part in demining PalmyraWorld April 25, 13:06
Press review: Trump turns up heat on Iran nukes and US seeks to restore safe Syrian skiesPress Review April 25, 13:00
New GLONASS satellites will be transmitting encoded signalScience & Space April 25, 12:56
Russia calls for unbiased investigation into incident with OSCE mission in DonbassRussian Politics & Diplomacy April 25, 12:52
Russia, Serbia to boost military cooperationMilitary & Defense April 25, 12:36
Russia, Qatar eyeing joint projects worth $12 blnBusiness & Economy April 25, 11:58
Russia’s Caspian Flotilla warships take to sea in snap combat readiness checkMilitary & Defense April 25, 11:55
On September 12, the EU barred the company from its long-term borrowing market.
“I do not think that we can stop our projects due to problems with financing,” Yakovlev said. “There is a certain influence on our finances due to the sanctions,” he said, adding that borrowings became more expensive because the number of offers declined.
In 2014, Gazprom Neft will raise oil output by 2.5% and hydrocarbon output in oil equivalent by 5.5% in this year, he said.
The number of cases when Gazprom Neft’s partners denied it services due to the sanctions has been insignificant, Yakovlev said. The majority of the company’s partners localize services and equipment in Russia and are not affected by the penalties, Yakovlev said.
Yakovlev separately said that Gazprom Neft will soon announce a tender for drilling at the Badra field in Iraq. “At Badra we have launched the first technological start-up facility with an output of 60,000 barrels daily. The goal for now is to load these capacities … We will soon announce an additional tender for drilling.”
He also said that the company will choose a partner for the Dolginskoye field on the Pechora Sea shelf after it adjusts the amount of the field’s reserves.