Russia

Severstal Sort Plant Balakovo completes assembly of mechanical part of rolling mill

Severstal Sort Plant Balakovo CJSC,  a subsidiary of Severstal Russian Steel has completed the assembling of the mechanical part of the rolling mill. Currently they build engineering infrastructure for energy delivering. In particular, they have started the washing of the first closed circuits in hydraulic systems and liquid lubricants. The sort rolling shop is the area where the mini mill will perform the first complex testing of equipment with first batches of production.

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S&P: Completion of deal on BP-TNK to be neutral for rating of British BP

The completion of the deal on sale of 50% of ТNК-ВР International Ltd’s shares and the subsequent buy back of its own shares for $8 billion won’t lead to changes of the rating of the British oil and gas giant and its forecasts, the international rating agency Standard & Poor's Ratings Services reports.

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AKI-OTYR NAK JSC continues the realization of its production drilling program

AKI-OTYR NAK JSC, a subsidiary of Russneft NK JSC increases the drilling of production wells. The work is performed within the program for drilling at the company’s deposits. The awaited growth in oil production at the expense of the launch of new wells is 182,000 tons of oil. They have drilled 4 wells with the use of large layer hydraulic fracturing at cluster site #76 of the Verkhne-Shapshinskoye deposit. The daily debit at new wells is 110 tons. They continue the work for arrangement of cluster #15 and began the drilling of the first well.

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Bashneft’s Board of Directors to crystalise its strategy in the field of oil processing and sales

Today, the Bashneft’s Board of Directors maps out to crystalise its functional strategy in the field of Downstream (oil processing and sales). The agenda also includes the consideration of the company’s activity in the field of merger and takeover.

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Mynbayev, Minister of Oil & Gas of Kazakhstan: Russia can start oil deliveries to China via Atasu-Alashankou in 2014

The Minister of Oil & Gas of Kazakhstan S. Mynbayev says that Russia can start oil deliveries to China via the Atasu-Alashankou pipeline in 2014. Negotiations about the issue are being  held now. Kazakhstan and Russia can perform swap operations. Maybe, Russia will ask to supply oil raised in swap-operations with Kazakhstan to Alashankou. Mr. Mynbayev cannot name the precise volume but the sides negotiate about swap-operations at a rate of 7 million tons.

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In 2012, net profit of NTMP increased by 3.9 times to 5.094 billion rubles by RAS

In 2012, Novorossiysk Sea Trade Port (NTMP) increasedits  net profit by 3.9 times to 5.094 billion rubles by RAS, revenue by 8.1% to 10.658 billion rubles, pretax profit by 8 times to 6.487 billion rubles.
Novorossiysk Sea Trade Port JSC is the head company of a unanimous group. It’s a stevedore enterprise of the port of Novorossiysk. 50.1% in NTMP JSC belong to Novoport Holding Ltd with beneficiaries Transneft AK JSC and Summa Group. NTMP Group is the Russian largest port operator by commodity circulation. In 2012, the latter index increased by 1.2% to 158.9 million tons.

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On March 25, the daily oil and gas condensate output was 1.4237 million tons in Russia

On March 25, the daily oil and gas condensate output was 1.4237 million tons in Russia, the Central Dispatch Department of the Fuel and Energy Sector reports. Production was 338,600 tons in Rosneft, 230,500 tons in Lukoil, 215,100 tons in BP-TNK, 167,700 tons in Surgutneftegaz, 133,700 tons in Gazprom Neft, 72,300 tons in Tatneft, 46,400 tons in Slavneft, 42,900 tons in Bashneft, 57,200 tons in Gazprom and 37,400 tons in Russneft.
Translated by Nadezhda Poltoratskaya

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Severstal to ship metal rolled products for “Gepard 3.9” frigates construction

The Cherepovets metallurgical plant, one of the largest integrated steel making plants in the world (in the division of Severstal Russia Steel), has won the tender for the metal products supply for the construction of 2 frigates “Gepard 3.9” at “Zelenodolsky plant n.a. A. Gorky” OJSC (in the “Holdign company Ak Bars” OJSC GC).
The total supplies volume will be about 1,200 tons. CherMK will ship hot-rolled plates produced at mill -2000, including the construction plates of 10ХSND mark and ship building steel of increased strength of D40S mark.

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TNK-BP completes seasonal program “Winter road”

On April 1st TNK-BP completes the seasonal program “Winter road” which aims for checking the meeting the road-traffic safety inside the company and by its contractors. For half a year the company has been checking the health and level of training of drivers; transport park – own and that of contractors; state of road network used in the operational activity of TNK-BP (including ice crossing and temporary winter roads).
Transport safety is one of the unconditional priorities of TNK-BP: car park engaged in the company’s activity counts more than 22 thousand units of equipment, more than 90% is in the property of contractors. One of the goals of the program is to apply to the contractors the strict requirements of corporate safety standard, check how they meet high corporate standards. This year it takes half a year, usually only 1-month programs were held.

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The Board of Gazprom Neft to discuss dividends for 2012 on April 12

On April 12 the Board of Directors of Gazprom Neft Plc. will discuss the annual meeting of shareholders and the recommendations about the dividends for 2012, the company reports.

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