Source Pravda.Ru

Sibneft posts its debts

The volume of debts of the Sibneft Oil Company will reach $2.2bn by the end of 2002, Richard Creitzman, the company's head of corporate finance division, reported at a telephone conference. At the same time, Creitzman refused to specify Sibneft's net debt. According to him, the volume of the company's debts is expected to remain at the same level in 2003.

Commenting on S&P downgrading the company's ratings and Moody's revising Sibneft's ratings, Senior Vice President of the company Alexander Korsik pointed out that this was due to a lack of information on the privatization of the Slavneft Oil and Gas Company. After Sibneft provides all necessary information, the ratings are likely to be upgraded.

© &to=http://www.rbc.com' target=_blank>RBC

Comments
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Russia’s sanctions against Ukraine send message to Washington
World War I: Remembering the fallen, and the war criminals
Sanctions do not stop foreign countries from buying Russia's S-400 systems
Norwegians complain of demoralised NATO soldiers
NATO to build prestrike staging base in Georgia
On the report of Human Rights Watch against the DPRK
2018: A critical lack of common sense in world governance
NATO to build prestrike staging base in Georgia
Russia unveils nuclear-powered interstellar spaceship
Russia unveils nuclear-powered interstellar spaceship
Capital outflow from Russia sets new records
Putin prepares bitter and hysterical missile surprise to 'American partners'
Putin prepares bitter and hysterical missile surprise to 'American partners'
Austria will not ruin its friendship with Russia despite spy scandal
The difference between Polish and Ukrainian nationalism is plain to see
Russia unveils nuclear-powered interstellar spaceship
The difference between Polish and Ukrainian nationalism is plain to see
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it