FILE PHOTO: The logo of Russia's oil company Rosneft is pictured at the Rosneft Vietnam office in Ho Chi Minh City, Vietnam April 26, 2018. REUTERS/Maxim Shemetov
MOSCOW - Russia’s largest oil producer Rosneft said on Sunday it planned to maintain a dividend policy of paying out half of its net profit despite the state lowering its stake in the company to below 50%. Rosneft plans to continue developing offshore fields in Russia but does not plan to start any new offshore projects until after oil prices recover, it said in a statement to Reuters.
State holding company Rosneftegaz relinquished its controlling stake in Rosneft after the latter left its business in Venezuela, an adversary of Washington. Reporting by Olesya Astakhova; writing by Andrey Ostroukh; editing by Katya Golubkova and Jason Neely
Tass's merger with Reuters appears complete. I'm seeing nothing but Russian 'news' now in my Twitter feed from Reuters. I could care LESS about Russian companies. They're irrelevant. Reuters is now the US propaganda arm of Tass Russian STATE news.
Ahh BoycottReuters They have been bought out by Russia and now pushing their bull shit on us.
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