|Bid||0.00 x 200|
|Ask||144,450.00 x 100|
|Day's Range||142,700.00 - 144,650.00|
|52 Week Range||125,350.00 - 183,200.00|
|Beta (5Y Monthly)||0.14|
|PE Ratio (TTM)||5.84|
|Earnings Date||Oct 20, 2020|
|Forward Dividend & Yield||11,612.20 (8.03%)|
|Ex-Dividend Date||Oct 19, 2020|
|1y Target Est||183,214.00|
Russian oil companies are looking for government support in the form of tax cuts and preferential lending schemes in order to offset some of the worst effects of the Covid-19 crisis
The Russian government will extend Transneft boss Nikolai Tokarev's contract for five years despite the contaminated oil crisis at the pipeline monopoly a year ago. A spokeswoman for Russian Deputy Prime Minister Yury Borisov on Monday said that his office has approved the contract extension for Tokarev, who turns 70 in December and is a close ally of President Vladimir Putin. The order is subject to approval by Transneft's state-controlled shareholders.
The CPC pipeline, essential to ship 1.4 million of light Caspian barrels per day (bpd) to the Mediterranean markets, is facing a shareholder standoff after its board was dissolved, potentially hitting further expansion plans, three sources said. The Caspian Pipeline Consortium (CPC), the largest privately-operated route connecting oil fields in Kazakhstan and Russia with the Black Sea, is co-owned by a number of shareholders with a history of failing to reach agreement. Disagreements between Russia's oil pipeline monopoly Transneft, Kazakhstan and other shareholders have capped expansion plans in the past.