Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

No Komineft Payout

MOSCOW -- Russian oil company Komineft, part of the KomiTEK oil group, does not plan to pay a dividend for 1995, KomiTEK finance department manager Anatoly Ilyin said Monday.

"There's nothing to pay a dividend with, the year closed without a profit," he told Reuters.

Komineft is holding its annual shareholders meeting Tuesday.