Russia's Rosneft Sees CAPEX At Around 1.1 trlnRoubles in 2018
Monday, February 27, 2017
MOSCOW - Russia's top largest oil producer Rosneft expects its capital expenditures at around 1.1 trillion roubles ($19 billion) "plus or minus" 10 percent in 2018, depending on the tax regime, company's Chief Financial Officer Pavel Fedorov said on Monday.
He also said during a conference call that the company would decide on the first interim dividend payout in the second half of this year. The payout ratio stands at 35 percent of net income by the international standards, he added.