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2 trillion rubles from the NWF "Rosneft" intends to spend on projects in Siberia and the Far East
Rosneft "intends to send the funds that it requested yesterday from the National Welfare Fund, and this is 2 trillion rubles, to offshore projects in Eastern Siberia and the Far East.
“For the projects included in the company's program: the Eastern Petrochemical Company, a number of projects in Eastern Siberia and the Far East, these are shelf projects,” the head of the company, Igor Sechin, answered the question on which projects Rosneft plans to spend money from NWF.
At the same time, Rosneft does not exclude attracting project financing for the implementation of new projects.
The company will not change its dividend policy due to the sanctions imposed on it, Sechin also added. “The dividend policy is preserved, and our obligations to repay the loan portfolio will be implemented in accordance with our schedules,” he said.
In recent years, Rosneft has been paying dividends in the amount of 25% of its net profit under IFRS. Payments for 2013 amounted to 136,187 billion rubles (12,85 rubles per share).