Higher dividends could stifle Transneft growth
MOSCOW. May 21 (Interfax) - Higher dividend payments could stifle growth at Transneft, Semyon Vainshtok, the oil
pipeline monopoly's president, told Interfax.
The Federal Property Management Agency wants 3.16 billion rubles to be set aside for 2003 dividends, compared with
1.3 billion rubles last year.
"If the state as a shareholder weighs up all the pros and cons and still decides to increase dividend payments,
that would halt Transneft's development," Vainshtok said. [RU ASIA EUROPE EEU EMRG ENR CRU DIV CORA RESF]
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