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2014-03-31 08:31:00

SURGUTNEFTEGAZ: CASH $28B

SURGUTNEFTEGAZ: CASH $28B

REUTERS.  The cash reserves of Russia's third-largest crude oil producer Surgutneftegas jumped by 17 percent to more than 1 trillion roubles ($28 billion) in 2013, company data and Reuters calculations showed on Monday.

Analysts believe the company, based in West Siberian city of Surgut, has built up its cash pile to safeguard against a possible hostile takeover. The company has never commented on the reasons for its large cash reserves.

The deposits earned just 3 percent interest last year, leading some analysts to question whether it would…

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Tags: SURGUTNEFTEGAZ, OIL, RUSSIA

Chronicle:

SURGUTNEFTEGAZ: CASH $28B
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

SURGUTNEFTEGAZ: CASH $28B
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

SURGUTNEFTEGAZ: CASH $28B
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

SURGUTNEFTEGAZ: CASH $28B
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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