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    GAZP   RU0007661625

GAZPROM

(GAZP)
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Gazprom OAO : Gazprom and Shell discuss further joint efforts in Russia and abroad

03/16/2012 | 01:43am EDT

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell.

The parties discussed the joint efforts within the Protocol on Strategic Global Cooperation.

Special attention was paid to the interaction within the Sakhalin II project and possible cooperation deepening in geological exploration, production, processing and distribution of hydrocarbons in Russia and abroad.

Background

Shell is a British-Dutch petroleum company focused on hydrocarbons production, processing and marketing in over 90 countries of the world.

On April 18, 2007 Gazprom and the shareholders of Sakhalin Energy (Royal Dutch Shell, Mitsui & Co., and Mitsubishi Corporation), the Sakhalin II project operator, signed the Purchase and Sale Agreement providing for Gazprom to acquire a stake of 50 per cent plus one share in Sakhalin Energy.

As part of the project, Russia's first LNG plant was commissioned in early 2009 and Russian LNG supplies to foreign consumers started. In 2010 the plant reached the design capacity of 9.6 million tons per annum.

On November 30, 2010 Gazprom and Shell signed the Protocol on Global Strategic Cooperation providing opportunities for wider interaction of the companies in hydrocarbons exploration, production, processing and distribution in Russian and international energy markets.

On June 16, 2011 Gazprom Neft and Shell signed the Basic Terms and Conditions of the Agreement stipulating the study of possible ways to create a joint venture for joint projects delivery in Western Siberia, other Russian regions and in third countries.

This press release was issued by OAO Gazprom and was initially posted at http://www.gazprom.com. It was distributed, unedited and unaltered, by noodls on 2012-03-16 07:40:34 AM. The issuer is solely responsible for the accuracy of the information contained therein.


© Publicnow 2012
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Financials (USD)
Sales 2021 106 B - -
Net income 2021 15 134 M - -
Net Debt 2021 55 089 M - -
P/E ratio 2021 4,58x
Yield 2021 9,27%
Capitalization 75 017 M 74 960 M -
EV / Sales 2021 1,22x
EV / Sales 2022 1,09x
Nbr of Employees 477 600
Free-Float 50,5%
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Mean consensus BUY
Number of Analysts 11
Average target price 3,83 $
Last Close Price 3,17 $
Spread / Highest target 67,6%
Spread / Average Target 20,6%
Spread / Lowest Target -14,9%
EPS Revisions
Managers and Directors
NameTitle
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Denis Vladimirovich Fedorov Head-Marketing & Administration Department
Yuri Stanislavovich Nosov Head-Administration Department
Timur Askarovich Kulibayev Independent Director
Sector and Competitors
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