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Rosneft Sakhalin Sub Reduces Dividends

The shareholders of Russian state oil company Rosneft's subsidiary Rosneft-Sakhalinmorneftegaz have passed a resolution to pay...

The shareholders of Russian state oil company Rosneft?s subsidiary Rosneft-Sakhalinmorneftegaz have passed a resolution to pay dividends for the year 2004 to the extent of 0.29 ruble per common stock and 3.46 rubles per preferred stock, Cbonds.info reported.

Company's representative reported to AK&M.

For the year 2003, Rosneft - Sakhalinmorneftegaz paid 1.16 rubles per ordinary share and 7.01 rubles per preferred stock at par value of 0.04 ruble.