Russia

Limit of reserves at fields in Western Siberia for switching to additional income tax may be increased 3 times

The Russian Ministry of Energy negotiates with the Ministry of Finance to increase the limit of reserves of new fields in Western Siberia for their transition to additional income tax (AIT).

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In Q1, Seligdar increased gold production 2.5 times

In the first quarter of this year, volume of production of enterprises of the polymetallic holding Seligdar amounted to 238 kg, which is 2.5 times more than in the previous year.

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Gazprom Geologorazvedka sums up results of its activity in 2017

In 2017, Gazprom Geologorazvedka, a subsidiary of Gazprom, carried out exploration works in the Irkutsk, in the Krasnoyarsk regions, in the Republic of Sakha (Yakutia), on the Yamal Peninsula, in t

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Kuzbassrazrezugol: results of activity in Q1 summed up

In the first three months of this year, Kuzbassrazrezugol (company of the UGMK’s raw materials complex) worked in a stable mode with a small overfill of the production task, as well as with a

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Novatek plans to launch the fourth line of Yamal LNG at the end of 2019-beginning of 2020

Novatek has planned to launch the fourth line of the Yamal LNG plant in late 2019-early 2020, head of the company Leonid Mikhelson said this at the annual meeting of the company’s shareholder

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In the first 3 months of 2018, 8 thousand tons of coal mined in Kamchatka

As of April 1, 2018, the only coal-mining enterprise of the Kamchatka territory Palana-Ugol produced 8 thousand tons of brown coal at the Palanskoye deposit.

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Lukoil launches second stage of Kandym gas processing plant in Uzbekistan

Russian company Lukoil has put into operation the second stage of the Kandym gas processing complex on the territory of the Republic of Uzbekistan.

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Russia has spent 120 bln on import substitution projects

According to the Russian Ministry of Industry and Trade, the state has spent 120 billion rubles on import substitution projects since 2014.

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In March 2018, 19.749 mln tons of oil produced in Yugra

19.749 million tons of oil were produced in Yugra in March 2018. This is by 1.944 million tons more than in February, the Agency of Oil and Gas Information calculated.

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Moody’s confirm resistance of Russian economy to sanctions

Strong foreign economic position and financial system of Russia will help to protect the country's economy from the impact of new US sanctions, it follows from the report of the international r

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