MOSCOW, Feb 13 (Reuters) - Russia's Rosneft willcontinue to pay out 25 percent of its net profit in dividends,the company's Chief Executive Igor Sechin was quoted as sayingby Interfax news agency.
Earlier this month, Rosneft changed the way it accounts forforeign exchange fluctuations, a move that avoids the cost ofbillions of dollars of debt hitting profits and depletingdividend payments to state coffers.
Rosneft - 69.5 percent state-owned and run by Sechin, anally of President Vladimir Putin - said net debt was $45 billionat the end of September. Russia's rouble currency lost half ofits value against the U.S. dollar last year. (Reporting by Katya Golubkova; Editing by Alexander Winning)
BP (BP.)