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oao gazprom-adr 144a (OGZRY) Key Developments
Gazprom Starts Construction of the Turkish Stream Gas Pipeline
May 20 15
Gazprom has announced the start of construction of the Turkish Stream gas pipeline, is for the first time launching a major export project without first signing binding agreements.
Gazprom Proposes Dividend for the Year 2014
May 15 15
The Board of Gazprom recommended that the Shareholders Meeting approve the proposal to pay out RUB 7.20 per share in annual dividends based on Gazprom's operating results in 2014 (on last year's level). The dividends will make up 90.2% of Gazprom's (parent company) net profit generated in 2014 under RAS. The Board recommended that the Shareholders Meeting approve the deadline for listing the shareholders entitled to receive dividends - July 16, 2015. The recommended deadline to receive dividends for registered shareholders and their trustees, stock professionals listed in the Register of Shareholders - July 30, 2015; for the rest of registered shareholders - August 20, 2015.
Gazprom Proposes to its Updated Articles of Association
May 15 15
Gazprom proposed to approve the company's updated Articles of Association at its annual General Shareholders Meeting to be held on June 26, 2015.
Gazprom Provides Production Guidance for the Year 2015
May 14 15
Gazprom provided production guidance for the year of 2015. The company expects to reduce the production plan for 2015 to 471 billion cubic meters (bcm) from 485.36 bcm.
Polish Oil & Gas Company Files Lawsuit Against Gazprom
May 14 15
Polish Oil & Gas Company (PGNiG) has filed a lawsuit in Stockholm arbitration court against Gazprom. Court summons have been sent to Gazprom and LLC Gazprom Export with the aim of revising the terms of a long-term contract signed on September 25, 1996. PGNiG is currently unable to provide information about the schedule of the case and the size of the lawsuit claim. PGNiG brought an arbitration lawsuit against Gazprom in 2011-2012 that ended in an out-of-court settlement.
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