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April 26, 2015 3:38 PM ET


Company Overview of PAO Sovcomflot

Company Overview

PAO Sovcomflot, through its subsidiaries, owns and operates ships worldwide. The company operates through five segments: Crude Oil Transportation, Oil Product Transportation, Gas Transportation, Offshore Development Services, and Other. It transports crude oil, refined petroleum and other oil products, chemicals, LNG and LPG, and coal. The company also offers logistical support services, and floating storage and offloading unit management services for offshore development facilities. As of December 31, 2014, it had 60 crude oil carriers, 43 petroleum product carriers, 2 LNG carriers, 4 LPG carriers, 13 shuttle tankers, 4 ice breaking supply vessels, 3 bulk carriers, and 1 chartered in seismi...

6 Gasheka Street

Moscow,  125047


Founded in 1988


7 495 660 4000


7 495 660 4099

Key Executives for PAO Sovcomflot

Chairman of Executive Board, Chief Executive Officer, President and Director
Age: 54
Chief Financial Officer, Member of Executive Board and Senior Executive Vice-President
Age: 51
Chief Operating Officer, Senior Executive Vice President and Member of Executive Board
Senior Executive Vice-President and Member of Executive Board
Age: 50
Chief Strategy Officer, Vice-President and Member of Executive Board
Age: 45
Compensation as of Fiscal Year 2014.

PAO Sovcomflot Key Developments

SOVCOMFLOT PAO Approves Lease Agreement

On April 7, 2015, the Board of Directors of SOVCOMFLOT PAO approved a rent agreement to lease a part of non-residential integrated-attached premise at 7, ul. Dunaevskogo, Moscow, to Rosnefteflot for the period from April 1, 2015, through December 31, 2015. The total rent amount for the whole period of the agreement is set at RUB 90,000 (including VAT 18%).

SOVCOMFLOT PAO Recommends Dividends

On April 7, 2015, the Board of Directors of SOVCOMFLOT PAO preliminarily recommended that shareholders vote for allocation of RUB 1,126 million to dividend payment.

OJSC Sovcomflot (SCF) Announces Consolidated Earnings Results for the Year 2014

OJSC Sovcomflot (SCF) announced consolidated earnings results for the year 2014. For the period, the company reported net profit to International Financial Reporting Standards (IFRS) of RUB 2.673 billion in 2014 versus net loss of RUB 1.252 billion in the previous year. Pretax profit was RUB 2.921 billion against pretax loss of RUB 878 million a year earlier.

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