Rosneft BOD decided to call a sitting Oct. 11 to consider realization of the agreement on the strategic cooperation with General Electric (GE), the company informed.
In June 2012 the parties signed the protocol of intentions and agreement on cooperation stipulating realization of joint projects in the sphere of the equipment production for the oil/gas sector, especially for the development of the coastal fields in the Arctic shelf.
Rosneft (TIN 7706107510) is the largest oil company in Russia. It has 17.618bn barrel of the crude in reserves. The 2011-output reached 2.586mln barrel/day (2.6% in rise).
The share capital is worth 105.981mln rub. split in 10598177810 common stocks of 0.01 rub. par. The major holder is Rosneftegaz (75.16%).
The 2012-net profit added 7.2% (IAS) to gain 342bn rub. from 319bn rub. The revenues rose 13.2% to gain 3.078tril rub. from 2.718tril rub.; EBITDA dropped 8% tо 609bn rub. from 662bn rub.; capital expenses coming to 466bn rub.; free money flow - 45bn rub.
The 2012 net profit (RAS) added 27.8% to reach 302.501bn rub.; revenues being up 28.2% to 2.596tril rub. from 2.025bn rub.; pretax profit - 21% to 345.561bn rub. from 285.07bn rub.
"AK&M", 10:13, 08.10.2013 1251 AKM,COR