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)



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