Support The Moscow Times!

OGK-3 May Sell New Shares

OGK-3 may sell new shares to finance part of its more than 100 billion ruble ($3.3 billion) investment program, first deputy chief executive Vladislav Nazin said, Interfax reported.

Nazin said net income in the past three years has covered the 15 billion rubles OGK-3 spent from investment funds to buy a stake in Rusia Petroleum, holder of the license to the Kovykta gas field in East Siberia, Interfax reported. Rusia filed for bankruptcy in June after TNK-BP, its largest shareholder, sought to call in loans. 


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.