Russia

Russian Platinum will be able to perform IPO not earlier than 2018

Russian Platinum will be able to perform IPO at LSE not earlier than 2018, the majority shareholder and the Chairman of the Board of Directors M. Bazhayev says. He claims that until the company has worked at the Chernogorskoye deposit for at least one year (ready products should be made in the end of 2017), it’s senseless to enter the international stock exchanges because the company will cost more with the already working enterprise.

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Exporters will have to bring into the public the information about LNG production and consumers

The Ministry of Energy of Russia has elaborated the project of the order for the  order of presenting by the companies of the information about LNG exports.

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Eastern ore mining company to invest 6 billion rubles into coal production in Sakhalin

Eastern ore mining company plans to invest 6 billion rubles into extension of the Solntsevsky coal open-cast and development of transport infrastructure of the Uglegorsky district of the Sakhalin region and port of Shakhtersk, located on the western coast of the island.

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Over 6,000 coal and oil bearing idle railway cars are concentrated in the Khabarovsk and Primorye regions

Over 6,000 coal and oil bearing idle railway cars are concentrated in the Khabarovsk and Primorye regions, 99 trains in the total. The hardest situation is in Primorye that stores over 80 trains with over 5,000 railway cars. These are coal trains from Siberia meant for the APO consumers. All supplies for the local consumers were execution within the summer period.

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Gazpromneft-Khantos fulfills its annual business plan ahead of time

By December 14, Gazpromneft-Khantos has produced 13.05 million tons of oil from the beginning of the year, thus fulfilled its business plan-2013 ahead of time and exceeded the production in the same period of the last year by 7%. The annual growth of the average daily oil production made up 6% and reached 38 400 tons of oil.
The overfulfillment of the plan took place due to advance well interventions and efficient work with the basic fund of wells.

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Situation on the aluminium market doesn’t allow Rusal to significantly decrease its debt burden that is negatively interpreted by players

UC Rusal has signed an agreement with VTB Capital on setting of credit ceiling to the total amount of up to 15 billion rubles, the aluminium producer’s press centre reported.
This agreement includes a limit in the amount of up to 10.143 billion rubles, which corresponds to the amount of previously paid loan (this amount was paid off by UC Rusal on November 26 of 2013 in accordance with contracts, signed in 2008) and additional limit in the amount of up to 4.857 billion rubles. The period of the credit ceiling is 60 months.

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Rosneft and the Tyumen region have closed the cooperation agreement

The chief of Rosneft I. Sechin and the Governor of the Tyumen region V. Yakushev have closed the long-term cooperation agreement. The document is aimed to broadening of cooperation in the spheres of improve of the investment climate, solution of the social issues, development of the mineral and raw materials base and scientific and technical potential of the region.

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As of December the 16th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 452.1 thousand tons

As of December the 16th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 452.1 thousand tons

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As of December the 16th of 2013, the volume of daily production of natural gas in the Russian Federation made up 2 072.4 million cubic meters

As of December the 16th of 2013, the volume of daily production of natural gas in the Russian Federation made up 2 072.4 million cubic meters

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Gazprom has succeeded in protection of its interests on the shelf for the second time already

The Russian Government has granted again the shelf sites on the non-tender basis to the state companies Gazprom and Rosneft. However they have conflicted this time. In particular, Rosneft appealed for the East Siberian 1 and 2 sites belonging to the Northern Vrangelevsky site for which Gazprom appealed as well. Later the companies agreed that Rosneft holds East Siberian 1 and Gazprom holds East Siberian 2, and later it turned real. Gazprom was granted the license for the whole Northern Vrangelevsky with exception for East Siberian 2 where Rosneft will operate.

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