Moscow. December 21, 2017. Fitch Ratings has assigned PJSC Russneft a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B' with a Stable Outlook, according to a press release issued by the agency.
Moody's international rating agency expects RussNeft’s production growth within the next 3-5 years, the oil company press release says. “Focus on the production drilling should increase the production of the higher-margin oil and facilitate the production general increase within the next 3-5 years.
The additional production of oil from the well intervention by PJSC “RussNeft”, member of the Industrial Financial Group “Safmar” of Mikhail Gutseriev, will be around 450 thousand tonnes in 2017, according to the Company’s press release.