Russia's Bashneft Sees No Threat to Dividends from Oil Taxation Change

Reuters

MOSCOW, Oct 12 (Reuters) – Russia's Bashneft will stick to its dividend policy despite the recent change in oil taxation, Chief Executive Alexander Korsik told reporters on Monday.

Earlier on Monday, Bashneft said its strategy till 2020 called for dividend payout of no less than 25 percent of net profit under international standards.

(Reporting by Denis Pinchuk; Writing by Katya Golubkova; Editing by Maria Kiselyova)

 

Copyright 2016 Thomson Reuters. Click for Restrictions.

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