Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Russia’s Gazprom Neft keeps 2014 invest plans despite sanctions

September 15, 2014, 13:10 UTC+3 PRIRAZLOMNAYA RIG
In 2014, Gazprom Neft will raise oil output by 2.5% and hydrocarbon output in oil equivalent by 5.5% in this year, Deputy CEO says
1 pages in this article
A Gazprom Neft employee seen on the Prirazlomnaya oil rig

A Gazprom Neft employee seen on the Prirazlomnaya oil rig

© ITAR-TASS/Sergei Sevostyanov

PRIRAZLOMNAYA RIG, Pechora Sea, September 15. /ITAR-TASS/. Russian oil company Gazprom Neft will keep its investment and output plans for 2014 unchanged despite the sanctions introduced against the company by the EU, Deputy CEO Vadim Yakovlev told reporters Monday.

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 investment and production plans for 2015 are being considered, Yakovlev 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.

Show more
In other media
Реклама
Реклама