The Board of Ascent is pleased to announce that our JV partners have been informed by the Slovenian Environment Agency (ARSO) that it has again approved the permit application (IPPC) for the installation of a processing plant at Petišovci, that the Company and its Slovenian partners originally submitted in June 2014, subject to any further appeal.
Alexander Medvedev has been relieved of his post as deputy chairman of the management committee.
Revenue for fiscal-year 2018 amounted to $37.9 million (RUB 2,489 billion) , a 28.7% increase year-on-year. Adjusted EBITDA grew by more than 45.1% year-on-year to $12.2 billion (RUB 799.5 billion).
Petrofac has been awarded a contract worth more than $700 million by Sakhalin Energy Investment Company Ltd. for its onshore processing facility (OPF) on Sakhalin Island.