China

In Q1, profit of Rosneft’s and Sinopec’s joint venture under RAS grew by 14.6% to 5.6 bln rubles

In January-March 2018, the net profit of Udmurtneft, a joint venture between Rosneft and Sinopec, according to RAS increased by 14.6% compared to the same period last year and amounted to 5.599 bil

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Construction of Power of Siberia is close to completion

The Power of Siberia gas pipeline has already been 83% built.

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China opposes Rosneft’s activity in South China Sea

The Chinese authorities oppose development of the Lan Do field (South China Sea).

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Gazprom energoholding is considering the possibility of building gas power generation facilities in Vietnam

Gazprom energoholding is considering the possibility of building gas power generation facilities in Vietnam, the company said.

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Power of Siberia: Gazprom's management is studying the proposals of independent suppliers

Gazprom's management is carefully considering the proposals received from independent producers of natural gas regarding the supply of raw materials to the pipeline Power of Siberia.

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ArcelorMittal: steel demand to grow by 1.5-2.5% this year

According to estimates of the largest steel company in the world ArcelorMittal, the apparent steel consumption will grow from 1.5% to 2.5% by the end of this year (in 2017, the growth amounted to 3

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Gazprom drills through sanctions

Gazprom is going to attract foreign equipment for underwater development of the huge South-Kirinskoye field on the Sakhalin shelf, although the project is under US sanctions.

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Ukrgasdobycha purchased pipes for drilling for 900 million hryvnas

Ukrgasdobycha purchased pipes for drilling from a Chinese company for 900 million UAH. The terms of the contract provide for payment within a month and a two-year guarantee.

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Transneft reduced oil transit through Ukraine to Europe due to consumers' complaints about the quality of hydrocarbons

Over 4 months of 2018 transit of oil through the territory of Ukraine along the main oil pipeline Druzhba was reduced due to consumers' complaints about the quality of oil.

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Plant for production of LDP to be built in Kazakhstan with participation of China

In December 2018, a new metallurgical plant, which will specialize in the production of steel welded pipes of large diameter, will be launched in Almaty.

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