Russia

As of April the 22th of 2014, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 435.9 thousand tons

As of April the 22th of 2014, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 435.9 thousand tons

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Chernomorneftegaz is unlikely to join Gazprom

Chernomorneftegaz, the largest industrial enterprise of Crimea, is unlikely to join Gazprom and will develop as an independent company, leading engineer of Chernomorneftegaz Andrei Palyura thinks.
“I think, neither Gazprom, nor any other company will affiliate us. We are working. Everything is all right. Of course, we need time for development, but we produce as much, as we need,” – Palyura said to journalists on the margins of the Oil and Gas Summit of the CIS.
Previously, during the summit, he reported that the company planned to extract 2 billion cubic meters of gas this year that is equal to the consumption volume of Crimea and maintained plans of further increase in the production. According to him, the task, assigned by the Russian Government, to double the production will allow the company to become a leader among producers in the Black Sea

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By results of 2013, Irkutskenergo to pay dividends in the amount of 1.954 million rubles

Irkutskenergo intends to pay 1.954 million rubles as dividends by results of 2013.
The company’s Board of Directors has recommended to the annual meeting of shareholders to distribute the company’s net profit-2013 under RAS in the amount of 9.681 billion rubles in the following way: 1.954 billion rubles for dividends (0.41 rubles per ordinary share), 325.780 million rubles for investments and 186 million rubles for social events.

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Sibur has developed commercial production of new polypropylene sorts

Sibur’s production assortment has been increased by 10 new sorts of polypropylene. They have a number of different segments of application, and solve import replacement tasks and are unique for the benchmark assortment of Sibur and being as good as the best global analogues.
Polypropylene sort PP H085 CF is meant for the production of non-oriented multi-layer packaging CPP-films  produced, in particular, at  the BIAXPLEN plant, Sibur’s subsidiary.
Sort PP H033 FF is meant for the production of uniaxial-oriented tape yarn, raffia. The special receipt of the mark enables it  to achieve in the processing several competitive advantages in comparison to the basic sorts of polypropylene. In particular, the volume of waste reduces and yield increases. The quality of the finished  items improves as well, including the mechanical specifications of tape yarn, and the efficiency of the textile processing of the raffia to soft packaging

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As of April the 22th of 2014, the volume of daily production of natural gas in the Russian Federation made up 1 712.2 million cubic meters

As of April the 22th of 2014, the volume of daily production of natural gas in the Russian Federation made up 1 712.2 million cubic meters

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Chernomorneftegaz faces problems with sale of gas and oil

The Crimean Chernomorneftegaz has faced problems with the sale of gas and oil after the separation of the peninsula from the Ukraine, because the usual marketing schemes were broken,the  leading engineer of the company, Andrei Palyura reported to journalists on the margins of the Oil and Gas Summit of the CIS.
Previously, the company sold the raw materials it produced to the Ukraine, but after reunification of the peninsula with Russia, the supplies stopped that questions the company’s plans on the increase of their production. “Currently we produce over 5 million cubic meters per day. We will choke up our storage by August. And we won’t be able to spend on raw materials,” – Palyura noted.

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Nordgold reduced gold sales revenue by 16%

In Q1, Nord Gold NV (Nordgold) reduced revenue to $274.8 million, by 16% less than in Q4 2013 and by 7% less than in Q1 2013. The rapid reduction in revenue is connected with the fall in the gold price and a reduction of processing and sales. In Q1 2014, average gold sales price was by 4% less than in Q4 2013 and by 20% less than in Q1 2013.

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Asian market of LNG: growth continues

The Asian region has traditionally been the largest global market for sale of liquefied natural gas (LNG). For example, according to the International Group of LNG importers (GIIGNL), approximately 75 % of the world LNG purchases fall on the countries of the Asia- Pacific region. Moreover, a number of the countries (Japan, South Korea, etc.) fully cover domestic demand for gas due to LNG. At the same time, the Asian region is one of the key suppliers of LNG to world markets. In particular, by results of 2013 Brunei, Malaysia, Indonesia and Australia provided about 30% of the global LNG supply (for comparison, the share of the Middle East is about 42 %).
The main factors that cause the high demand for LNG in Asia include:
- absence of own commercial natural gas reserves in most countries of the region with the growing domestic demand for energy sources;
- geographic distance from the major regions of the global production of natural gas (the Middle East, Russia, etc.), extremely difficult logistics and economics of potential pipeline deliveries.
According to GIIGNL, by results of 2013 the total demand for LNG in the Asian region grew by 7.7 million tons in annual terms, primarily due to strong growth in consumption in China and South Korea.

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Vladimir Markin: I do not see any big risk from the sanctions.

The threat of expanding the sanctions against Russia has no effect on the pipes supply into Europe, Vladimir Markin, the President of the United Metallurgical Company (OMK), stated in an interview with Itar -Tass. A new pipe plant in U.S. Houston also continues to work. But the future prospects of the Russian pipe companies will depend on the start of "Sila Sibiri" construction – a pipeline to China with four thousand miles in length.
- How did You survive 2013 – with the devaluation of the ruble and the economic slowdown?
- The revenues for the year amounted to 105 billion roubles, 6% less than in 2012. About 70 % were the pipe products, 12% - wheels, another 12% - connecting parts and pipe fittings, 3% - the shocks, the rest - other products.

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“Rimera” increases sales and service rendering scopes

“Alnas”, the Almetyevsk plant of “Rimera” has won a tender of “Bashneft” for the supply of more than 200 facilities for oil production. Under the agreement “Alnas” is to manufacture 224 units for the oil producing company. Besides, the order comprises 10 facilities for the support of formation pressure. The supply of the contracted volumes will start in Q2, 2014. The value of the contract is not announced.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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