
	Where results make sense

Topic: Sibneft

Related Topics

Lee Scott

Craig Newmark

Roman Abramovich

Malcolm Gladwell

Martha Stewart

Meg Whitman

Howard Stringer

John Bond

Bram Cohen

Reed Hastings

Steve Jobs

United States Senate

Robert Klein

In the News (Thu 31 Dec 09)

Northern Trust

Marvin Harrison

Peter Chernin

Gary Locke

Match Play

Penelope Cruz

Mickey Rourke

AR Rahman

Danny Boyle

Hugh Jackman

	Sibneft -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-11)
		Sibneft (Сибне́фть in Russian) is Russia's third major oil producing and refining company.
		Sibneft has twice attempted a merger with (additional info and facts about Yukos) Yukos, to form Russia's largest oil company YukSib.
		Sibneft remains the largest employer in (A city in the Asian part of Russia) Omsk.
	www.absoluteastronomy.com /encyclopedia/s/si/sibneft.htm (292 words)

	Encyclopedia: Sibneft (Site not responding. Last check: 2007-10-11)
		Sibneft initially combined Russia's largest oil refining complex in Omsk (dba Omsky NPZ), an oil and gas production enterprise based in the city of Noyabrsk in the Yamal-Nenets autonomous district (Noyabrskneftegas), a geological exploration enterprise and an oil products distribution network.
		Sibneft's central office is located in Moscow; however, the company retains its official corporate address in the city of Omsk.
		Sibneft remains the largest employer in Omsk and Noyabrsk.
	www.nationmaster.com /encyclopedia/Sibneft (545 words)

	Sibneft - The Sibneft Story (Site not responding. Last check: 2007-10-11)
		Sibneft was the first Russian oil company to create a brand new business planning, budgeting and monitoring system capable of evaluating investments on a field-by-field basis.
		Sibneft issued a $400 million Eurobond in January 2002 and a $500 million Eurobond in December 2002, the largest bond issuances in Russian private corporate history at the time.
		Sibneft increased the number of branded sales outlets by 300 units in 2002, while the volume of small wholesale and retail sales of gasoline and diesel domestically grew by 18% to 2.7 million tons.
	www.sibneft.com /pages.jsp?lang=1&page=28 (2662 words)

	Interviews & Opinions - News - News Agency PRIME-TASS
		Sibneft stock, with a free-float of only 8%, is already pricing in full value based on DCF methodology, and reflects a near $3 p/bbl valuation of reserves that would have to be lowered to reflect SEC methodology (i.e.
		Sibneft stock, in particular, is currently pricing in not only no deterioration in valuation parameters, but also a favorable outcome regarding the current ownership and political uncertainties.
		Both YUKOS and Sibneft, in particular, will most likely have to pay a substantial amount to the state, and the various equity stakes that each holds in the other offers the government some additional, and powerful, leverage as to how these payments are made.
	www.prime-tass.com /news/show.asp?topicid=65&id=348867 (1415 words)

	Alexander's Gas & Oil Connections - Sibneft shares plummet after announcement of back taxes (Site not responding. Last check: 2007-10-11)
		Sibneft is in the process of reversing its merger with Yukos, and the situation was favourable for Sibneft for some time.
		Sibneft's problems began after the Tax Ministry had sent a letter to the oil company saying that it owed almost $ 1 bn in back taxes for the years 2000-2001.
		Noyabrskneftegaz, Sibneft's subsidiary producing 98.4 % of the company's oil output, was selling its oil to companies in offshore centres in the far eastern republic of Chukotka and the Kalmyk Republic near the Caspian Sea.
	www.gasandoil.com /goc/company/cnr41272.htm (410 words)

	Alexander's Gas & Oil Connections - Sibneft hooks up with Halliburton
		Sibneft vice president Alexander Korsik said an almost "unlimited" sum of money can be spent on introducing Western technology to Siberian oil fields.
		With the addition of Halliburton, Sibneft will be able to encourage competition for projects among the service companies, pushing down costs as it explores and develops fields in Siberia and the Far East.
		Sibneft officials have cited reserve estimates as high as 275 mm barrels, and last year about a quarter of the company's exploration expenses were funnelled to the district.
	www.gasandoil.com /goc/company/cnr21067.htm (458 words)

	Boston.com / News / World / Europe / YUKOS-Sibneft Deal Like Messy Divorce (Site not responding. Last check: 2007-10-11)
		In a sign relations between the two firms were descending into acrimony, Sibneft said it was rebuffing an attempt by YUKOS to install its representatives on the Sibneft board and would manage its affairs independently from January 1.
		Sibneft lost 0.5 percent to 79.5 rubles on MICEX and was not traded on the RTS.
		Sibneft countered, saying the YUKOS nominations to the board could not proceed as they had not met a deadline for candidates.
	www.boston.com /news/world/europe/articles/2003/12/17/yukos_sibneft_deal_like_messy_divorce (802 words)

	Sibneft - Exports (Site not responding. Last check: 2007-10-11)
		Siboil was established in 2000 in line with Sibneft's strategy to consolidate the various parts of its business into a fully integrated company, with the goal of streamlining export operations and improving corporate transparency.
		Sibneft's generally ships its oil exports through the seaports of Novorossiysk and Tuapse on the Black Sea, the port of Primorsk on the Baltic Sea and also to Germany and Poland via the Druzhba pipeline.
		Sibneft does not export fuel oil from the Omsk Refinery because it is not economically viable.
	www.sibneft.com /pages.jsp?lang=1&page=413 (537 words)

	Sibneft's huge payout plan fuels bid talk - Boston.com - Business (Site not responding. Last check: 2007-10-11)
		"Sibneft had a successful year in 2004 and it is proper that we share that success with all of our individual shareholders and institutional investors," Sibneft President Eugene Shvidler said in a statement.
		A Sibneft spokesman said the proposed dividend payout was consistent with the company's policy over several years.
		Sibneft did not say when it would hold an extraordinary general meeting to approve the dividend, which is equivalent to 13.91 roubles per ordinary share.
	www.boston.com /business/articles/2005/07/04/sibneft_huge_payout_plan_fuels_bid_talk (789 words)

	Sibneft Merger Looks Dead - Social and Economic Policy - Global Policy Forum (Site not responding. Last check: 2007-10-11)
		Sibneft shocked the market Friday by pulling out of what would have been a historic $35 billion tie-up just minutes before the two companies were to hold their first joint board meeting to enshrine the new company's charter and approve its new name, YukosSibneft.
		The main shareholder of the much-smaller Sibneft, Roman Abramovich, reportedly with the Kremlin's blessing, demanded that Sibneft CEO Eugene Shvidler be given operational control of the new company and that former presidential chief of staff Alexander Voloshin be named board chairman.
		Sibneft founder Boris Berezovsky, a critic of President Vladimir Putin who lives in exile in London, said judging by the past actions of Abramovich, his former partner, the probability of the merger going ahead is now "zero." - "Instead, a deliberate destruction of [Yukos] is under way," Berezovsky said by telephone.
	www.globalpolicy.org /socecon/tncs/mergers/2003/1202noyukossibneft.htm (765 words)

	Alexander's Gas & Oil Connections - Sibneft and Moscow government agree on Moscow Oil Refinery
		Meanwhile, Sibneft and its ally Tatneft, another Russian oil major, own 38 % and 8 % respectively of the ordinary shares in the Moscow Oil Refinery, but control more than 55 % of the charter capital in the refinery through preferred shares.
		The Moscow city government and the oil companies have been locked in a battle for control of the company and there are currently two different boards of directorsand two general directors at the refinery.
		Since the summer, Sibneft has been repeatedly stopping oil supplies to the refinery on the grounds that it was finding it difficult to reach an agreement over supply quotas.
	www.gasandoil.com /goc/company/cnr24833.htm (318 words)

	CNN.com - Yukos, Sibneft sign divorce deal - Dec. 22, 2003
		Russia's oil major YUKOS and smaller partner Sibneft have signed a deal to end their planned merger, sources from both firms said on Tuesday, but accounts differed over whether compensation would be paid.
		Sources close to Sibneft said both sides agreed it would not pay any compensation to YUKOS for the break-up because its own shareholders had sustained heavy financial losses as a result of the link-up with YUKOS.
		Sibneft shares are still separately listed but barely move after the majority passed to YUKOS.
	www.cnn.com /2003/WORLD/europe/12/16/russia.yukos.reut (634 words)

	Abramovich’s Sibneft to Suffer Yukos’ Fate — Analyst - MONEY - MOSNEWS.COM (Site not responding. Last check: 2007-10-11)
		The fact that the Kremlin agreed in principle to the de-merger of Yukos and Sibneft sent the signal that indeed Roman Abramovich is the “lucky” oligarch, able to see future developments better than his oligarch peers.
		Sibneft’s core shareholders may be allowed to repurchase the shares.
		Sibneft should be pleased that the Kremlin has extracted the company from Yukos’; travails, wrote Lavelle, but instead it is nervous.
	www.mosnews.com /money/2004/11/11/sibneftanalysis.shtml (773 words)

	YUKOS Probe, Sibneft Merger - CDI Russia Weekly #270 (Site not responding. Last check: 2007-10-11)
		Sibneft shareholders could exchange the remaining shares for shares in the new company.
		Yukos’s board on 30 June agreed to issue the shares that were offered to Sibneft strategic shareholders in exchange for their equity in Sibneft.
		This was the start of a good weekend for Sibneft’s owner, Roman Abramovich, who over the weekend watched the soccer club he bought in England, Chelsea, kick off the season with an impressive away victory over Liverpool.
	www.cdi.org /russia/270-17.cfm (1056 words)

	Russian Energy Abramovich Halts Sibneft-Yukos Merger
		Sibneft called a halt to its landmark $35 billion merger with Yukos on Friday, a brash move that stunned the market and all but derailed the creation of Russia's first oil supermajor.
		Sibneft spokesman John Mann said he could not comment on a report in Britain's Sunday Telegraph that cited executives close to Sibneft as saying Abramovich met with Putin just days before the merger was suspended to discuss the deal.
		When Sibneft founder Boris Berezovsky fell afoul of Putin and was forced to give up his stake in the ORT national television network, he handed over that stake to Abramovich, who promptly gave it to the state.
	www.templetonthorp.com /en/news477 (1456 words)

	Caribbean Court Targets Sibneft
		Sibneft spokesman John Mann said that the case was without merit.
		Sibir contributed the licenses and Sibneft was to put up cash in excess of $300 million in development, Sibir CEO Henry Cameron said in the briefing.
		Sibir Energy's case against Sibneft is also being closely watched by Moscow City Hall, which controls Moscow Oil and Gas Co. Sibir Energy, which owns 31 percent of MOGC, had hoped to boost its stake in the company in exchange for its Sibneft-Yugra stake.
	www.themoscowtimes.com /stories/2005/07/18/003.html (917 words)

	Guardian \| 'He won, Russia lost'
		Cheering beside them are other senior Sibneft executives, Chelsea Village board members and representatives of Millhouse Capital, a publicity-shy company registered in Weybridge, Surrey, that marshals Abramovich and his partners' interests in some of Russia's most valuable former state enterprises.
		The Sibneft workers launched a futile legal action while the £168m in extra revenue raised by the share issue was used by Sibneft to settle tax liabilities.
		By 1999, Sibneft's most productive worker, Vladimir Sterhov, was struggling to feed his family on a monthly salary that sometimes dipped as low as £112.
	www.guardian.co.uk /print/0,3858,4917810-103425,00.html (5619 words)

	Guardian Unlimited \| The Guardian \| Overlooking Sibneft's successes
		True, Sibneft did compel NNG to issue new shares in order to infuse the subsidiary with capital, a vital step in trying to modernise the company.
		The only lawsuit was brought not by Sibneft employees, but by a large foreign institutional investor.
		Sibneft is now among the world's fastest-growing energy companies, with production rising by 19% or more annually over the past four years.
	www.guardian.co.uk /letters/story/0,3604,1229196,00.html (383 words)

	CNN.com - YUKOS, Sibneft sign divorce - Feb. 3, 2004
		Sibneft's core owners said in a statement they expected to sign a final deal with YUKOS's core owners on the terms of divorce within the shortest period possible.
		Shares in Sibneft rose nearly three percent on the MICEX exchange after the announcement, while YUKOS gained 1.5 percent on the RTS bourse, but was flat on the MICEX.
		Sibneft said in November it wanted to end the merger after the arrest of YUKOS's key owner Mikhail Khodorkovsky on charges of fraud and tax evasion.
	edition.cnn.com /2004/BUSINESS/02/03/yukos.sibneft.reut (301 words)

	Sibneft Locked Out of Meeting
		Roman Abramovich's Sibneft said Wednesday that it was denied entry to a meeting of creditors in a company owned by rival Sibir Energy, the latest twist in an ongoing legal dispute between the two companies.
		With regard to the ongoing dispute, Sibneft claimed that the dilution of Sibir's stake was legal and part of earlier agreements between Sibneft and Sibir Energy shareholders.
		Sibneft's Mann said Wednesday that the British Virgin Islands court ruling would be contested but refused to elaborate.
	www.themoscowtimes.com /stories/2005/07/21/044.html (464 words)

	Alexander's Gas & Oil Connections - Yukos to dissolve Sibneft merger
		Yukos is asking Sibneft shareholders to pay an unspecified amount of interest on the $ 3 bn in cash it paid for part of the Sibneft stake, Beilin said.
		Yukos agreed to buy Sibneft in April, two months after BP announced plans to invest at least $ 6.75 bn in a joint venture with Russia's Tyumen Oil Co. In July, Russian prosecutors began an investigation of fraud and tax evasion by Yukos subsidiaries.
		Yukos may have agreed to the break-up to win the help of Sibneft's owners as the company seeks to resolve the investigations into its operations and owners, analysts said.
	www.gasandoil.com /goc/company/cnr40257.htm (824 words)

	Sibneft THE LEX COLUMN: - Russian News - News From Russia (Site not responding. Last check: 2007-10-11)
		Sibneft's former owners, led by him, stand to gain from a reversal of the deal's original terms.
		But the 92 per cent stake in Sibneft regained in return is currently worth Dollars 14.4bn.
		Sibneft's current value reflects Dollars 7 per SEC barrel.
	www.gateway2russia.com /st/art_222304.php (402 words)

	Russia energy: Abramovich looks to shed Sibneft
		ROMAN Abramovich's abrupt pulling out of the merger between his Sibneft oil company and Mikhail Khodorkovsky's Yukos in 2003 was the first harbinger of last year's ugly Yukos saga.
		Now, after two years spent in a strange half-life, it looks like Sibneft's future is about to become clear.
		It argues it is owed $3.5bn by Yukos because of the way Yukos diverted revenues away from its subsidiary Yuganskneftegaz, which Rosneft bought last year.
	www.ebusinessforum.com /index.asp?layout=rich_story&doc_id=7583&country_id=RU&title=Russia+energy%3A+Abramovich+looks+to+shed+Sibneft&channelid=4&categoryid=29&country=Russia (335 words)

	Sibneft Oil Company - MN-FILES - MOSNEWS.COM (Site not responding. Last check: 2007-10-11)
		The Sibneft (Siberian oil) company dates back to 1981, when the Soviet exploration activities led to the discovery that, apart from natural gas, commercial reserves of oil lay in West Siberia.
		Originally only 49 percent of Sibneft shares were sold off to outside investors, and the federal government kept 51 percent of the equity.
		However, after the arrest of Mikhail Khodorkovsky on October 25, Sibneft called the deal off once again and is currently in the process of a lawsuit attempting to reverse the merger.
	www.mosnews.com /mn-files/sibneft.shtml (612 words)

	Roadblock Lifted for a Sibneft Buyout
		The Sibneft shares, like most of Yukos' assets and funds, had been frozen by the tax authorities and the Prosecutor General's Office since 2004 as part of the state's pursuit of some $27.5 billion in back taxes.
		In the swap, Yukos got 72 percent of Sibneft and Sibneft got 26.1 percent of Yukos.
		An additional stake of 20 percent minus one share in Sibneft was purchased by Yukos for $3 billion, leaving Yukos with 92 percent of Sibneft.
	www.moscowtimes.ru /stories/2005/07/21/002.html (688 words)

	RIA Novosti - Russia - Shares returned to Sibneft but may now be sold to Gazprom
		It is widely rumored that Sibneft head Roman Abramovich lobbied the court (until Wednesday Abramovich owned 57.5% of the company) and that he plans to sell the company to the state gas monopoly Gazprom.
		Soon afterwards, Yukos was hit with back-tax bills, and Sibneft's offshore owners sued it for merger termination but were unsuccessful because the shares were arrested at the request of the Prosecutor General's Office.
		Lev Snykov, a FIM Securities analyst, said that the remaining 20% of Sibneft shares, owned by Yukos, were arrested again on July 6 this year at the request of Rosneft.
	en.rian.ru /russia/20050721/40946266.html (410 words)

	Sibneft Votes to Seize Control of Yugraneft
		Sibneft, the biggest creditor of the unit, Yugraneft, voted Monday at a creditors meeting to replace Sibir's representatives, have the court-appointed manager replaced and take over management of Yugraneft's assets, after being barred from a previous meeting.
		Sibneft became Yugraneft's biggest creditor after a Moscow court on July 14 upheld the legality of a $40 million loan Sibneft made to the Sibir unit.
		Sibneft, Russia's fifth-biggest oil producer, expects the 465 million-barrel South Priobskoye field to provide about a quarter of its total output by 2010, excluding its half of Slavneft, which is 50 percent owned by TNK-BP, BP's Russian venture.
	www.moscowtimes.ru /stories/2005/08/02/043.html (671 words)

Try your search on: Qwika (all wikis)