CAT Oil Keeps Outlook Despite Russia Sanctions

Reuters

VIENNA, Aug 11 (Reuters) – Austrian oilfield services provider CAT Oil stuck to its 2014 outlook on Monday despite Western economic sanctions against Russia.

The company, a leading provider of oil and gas field services in Russia and Kazakhstan, "reiterates its outlook for the current fiscal year following the initial assessment of the effects of the latest EU and U.S. export restrictions for the Russian oil industry", it said in a statement.

It expects revenues in the range of 420 million to 450 million euros ($603 million) and earnings before interest, tax, depreciation and amortisation in the range of 113-121 million, it said.

(1 US dollar = 0.7466 euro)

(Reporting by Michael Shields; editing by Angelika Gruber)

Copyright 2016 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Data Clerk I
Expertise: Inventory Control|Purchasing|Secretarial or Administrative
Location: Godley, TX
 
United States Fort Lupton: Field Professional-Pinnacle Diagnostics
Expertise: Field Service Tech
Location: Fort Lupton, CO
 
United States Broussard: Field Engineer I - MWD/LWD
Expertise: MWD / LWD
Location: Broussard, LA
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours