Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-04-30 21:00:00

RUSSIA: MORE INVESTMENT

RUSSIA: MORE INVESTMENT

E.ON remains committed to business in Russia, Germany's largest utility said on Wednesday, seeking to reassure investors over fresh western sanctions imposed on Moscow over the crisis in Ukraine.

The European Union on Tuesday announced asset freezes and travel bans on 15 Russians and Ukrainians, a day after U.S. sanctions on seven Russians and 17 firms linked to Russia's President Vladimir Putin.

Putin said that Moscow saw no need for counter sanctions against the West, but could reconsider the participation of Western companies in its economy, including energy projects.

"In the long-term, we view the Russian power market as stable and expect a significant need to renew capacity as well as further investment opportunities," E.ON Chief Executive Johannes Teyssen told the group's annual general meeting.

The company also retained its 2014 profit outlook including earnings before interest, taxes, depreciation and amortisation (EBITDA) of 8-8.6 billion euros ($11.1 billion-$11.9 billion) and underlying net income of 1.5 billion-1.9 billion.

E.ON has spent about 6 billion euros in Russia since 2007, making it the biggest foreign investor in the country's electricity market.

"I can tell you that our working relationship with our Russian partners continues to be good," Teyssen said.

He added it was a weaker rouble that had impacted E.ON's earnings in Russia last year.

Russia accounted for 1.5 percent of group sales and 7.4 percent of EBITDA last year.

E.ON supplies power in Russia through local plants operated by E.ON Rossiya OAO, in which it holds more than 80 percent.

It is also a partner in Yuzhno Russkoye in Siberia, one of the world's largest gas fields, which feeds into the Nord Stream pipeline which runs under the Baltic Sea into Germany.

reuters.com

Tags: RUSSIA, GAS

Chronicle:

RUSSIA: MORE INVESTMENT
2018, October, 17, 10:05:00

U.S. IN EUROPE

REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.

RUSSIA: MORE INVESTMENT
2018, October, 17, 10:00:00

TOTAL IN RUSSIA: THE LARGEST

FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow. 

RUSSIA: MORE INVESTMENT
2018, October, 17, 09:55:00

PETROBRAS - CNPC COOPERATION

PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said

RUSSIA: MORE INVESTMENT
2018, October, 17, 09:50:00

NORWAY'S DEFENCE

BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.

All Publications »