Russia's Tatneft Says Not In Talks To Sell Entire Company Or Its Part



Reuters

MOSCOW, Nov 9 (Reuters) - Tatneft, Russia's mid-sized oil producer, has not been in any kind of talks and does not plan to hold any discussions on selling a part or the entire company, it said in emailed reply to Reuters on Thursday.

The board of Tatneft, controlled by the regional government of Tatarstan, this week recommended to pay nine-month dividend of 27.78 roubles per share or 75 percent of its profit for the period in what would be its first interim dividends since 2004.

Asked on the reason for the dividend payment, Tatneft said that the decision was made "purely on good company's performance."

"The company's management does not hold and does not plan to hold any talks on the sale of the company or its part," Tatneft said. Tatneft is producing an average of 580,000 barrels of oil per day.

(Reporting by Olesya Astakhova; writing by Katya Golubkova; editing by Vladimir Soldatkin)



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