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23/12/2013
14:27
Alliance Oil Company ready to cover Eurobonds.

Dec. 23 Alliance Oil Company intends to cover Eurobonds, the company informed.

The payment demands $265mln. The offering was set out Nov. 4 due to the decision to carry on the delisting of the stocks circulating on the Stockholm Stock Exchange.

Alliance Oil Company was formed in Apr. 2008 through the merger of Alliance Oil Company and West Siberian Resources (WSR). The securities are traded on OMX Nordic (Stockholm). The reserves (2P) in 2011 were appraised to cover 638.3mln barrel. The Company provides control over Khabarovsky Refinery, Amurnefteproduct, Primornefteproduct, Khabarovsknefteproduct, Khabarovsk Alliance, Oil Alliance, Tatnefteotdacha. It is an operator in Begaidarsky sector in Kazakhstan.

The IH 2013 net profit rallied down 47% to $84.1mln; revenues moved up 10% to $1.789bn; EBITDA declined 8% to $324mln.


"AK&M", 23.12.2013

 

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