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Last updated on April 17, 2014 at 15:17 EDT

Latest Yamalo-Nenets Autonomous Okrug Stories

2013-10-29 12:23:18

MOSCOW, Oct. 29, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" and/or the "Company") announced today that first two (out of four) gas condensate stabilization trains with three (3) million tons per annum overall capacity were launched as part of a project for expanding capacity of the Purovsky plant from five (5) to 11 million tons. Construction works are currently being finalized at the remaining two trains with 1.5 million tons per annum capacity each. According to NOVATEK's CEO,...

2013-10-24 16:22:22

MOSCOW, Oct. 24, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" and/or the "Company") announced today the initial launch of the Urengoyskoye field within the Company's Olimpiysky license block, with the field's production capacity estimated at one (1) billion cubic meters (bcm) of natural gas per annum. Four (4) production wells have been completed at the field, of which three (3) wells are already producing natural gas. The Urengoyskoye field has proved natural gas reserves of 21 bcm,...

2013-10-23 12:24:08

MOSCOW, Oct. 23, 2013 /PRNewswire/ -- The Extraordinary General Meeting of Shareholders ("EGM") of OAO NOVATEK ("NOVATEK" or the "Company") held on 22 October 2013 resolved to pay dividends for the first half 2013. The EGM approved the interim dividends in the amount of RR 3.4 per one ordinary share or RR 34.0 per one Global Depositary Receipt with the total dividend distribution amounting to RR 10.3 billion. The dividends will be paid in cash by 21 December 2013. The list of...

2013-10-22 16:22:14

BEIJING, Oct. 22, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK") announced the conclusion of Heads of Agreement for the supply of liquefied natural gas (LNG) between Yamal LNG and China National Petroleum Corporation ("CNPC"). The document provides for the supply of no less than three (3) million tons of LNG per annum at delivered ex-ship (DES) terms for a period of 15 years with possible supply extension, with the LNG price is indexed to the Japanese Crude Cocktail. Chairman of the...

2013-09-10 12:24:26

MOSCOW, Sept. 10, 2013 /PRNewswire/ -- Today, OAO NOVATEK, China National Petroleum Corporation and a consortium of Chinese financial institutions concluded a memorandum on project financing for the Yamal LNG project. According to the memorandum, the Chinese commercial banks - China Development Bank Corporation, Industrial and Commercial Bank of China, Bank of China and China Construction Bank, - will consider actively participating in the external project financing transaction of...

2013-09-06 12:21:21

MOSCOW, Sept. 6, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" or the "Company") today announced the results of its Board of Directors ("the Board") meeting held in Sabetta, Yamal- Nenets Autonomous District of Russia. The Board discussed the Company's results for the first half 2013 and decided to convene an Extraordinary General Meeting of Shareholders ("EGM") in the form of absentee voting on 22 October 2013 to approve the interim dividends for the first half 2013. The record date...

2013-09-05 12:22:32

MOSCOW, Sept. 5, 2013 /PRNewswire/ -- Today, in the presence of the President of Russian Federation Vladimir Putin and the Chairman of People's Republic of China Xi Jinping, OAO NOVATEK ("NOVATEK") and China National Petroleum Corporation ("CNPC") concluded an agreement on purchase of a 20% equity share in the Yamal LNG project ("Project") by CNPC. The transfer of title to the equity share is subject to receipt of necessary regulatory approvals and expected to be completed by 01...

2013-08-05 12:23:21

MOSCOW, Aug. 5, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" and/or the "Company") has received a notice from OOO Santata regarding a decrease in its equity stake in the Company from 11.75% to 7.125%. In accordance with a press release for the Volga Group, which includes OOO Santata, the change is due to repo transactions necessary under financing terms with international and Russian banks and does not affect the consolidated shareholding in NOVATEK by the Volga Group. OAO NOVATEK...

2013-07-29 12:23:18

ST. PETERSBURG, Russia, July 29, 2013 /PRNewswire/ --OAO NOVATEK ("NOVATEK" and/or the "Company") announces today that pursuant to the Company's buyback program announced on 7 June 2012, during the period from 22 through 26 July 2013, 177,110 ordinary shares (including in a form of Global Depositary Receipts) were purchased on the open market. OAO NOVATEK is Russia's largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, NOVATEK is...

2013-06-26 12:25:44

MOSCOW, June 26, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" or the "Company") has received notice from Total E&P Arctic Russia notifying the Company that they have increased their equity stake in NOVATEK to 16.0%. OAO NOVATEK is Russia's largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, NOVATEK is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Its upstream activities...