Russia

In Q1 2013, the Kemerovo region increased coal production by 2.1%

In Q1 2013, the coal companies of Kuzbass (Kemerovo region) produced 46.9 million tons of coal, by 2.1% more than in Q1 2012. The production of coking coal was 13.7 million tons – by 11.7% more than in Q1 2012. The regional authorities report that production increased by 0.7 million tons in “Kuzbassrazrezugol” OJSC, by 0.7 million tons in the “Raspadskaya coal company” CJSC, by 0.4 million tons in “Yuzhny Kuzbass” OJSC and by 0.4 million tons in Yuzhkuzbassugol.

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Surgutneftegaz will launch the first well at the Eastern block of the Talakan deposit

In near future, Surgutneftegaz is going to launch the first well at the Eastern block of the Talakan oil and gas condensate deposit with minimal daily debit of 30 cubic m. The company awaits the launch from the beginning of the next week. It will drill 5 wells in the total. The work will be completed before the end of May 2013.
Surgutneftegaz has launched the airport of Talakan in the Lensky district of the region, that will improve material and technical maintenance and passenger service of the company’s department in Yakutia.

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Merger of BP-TNK and Rosneft affects Tyumen machine-building enterprises

The merger of BP-TNK and Rosneft affected the work of Tyumen machine-building enterprises, General Director of Electron experimental plant and the Chairman of Machine-building Association of the Tyumen Region Vladimir Zhezhelenko believes.
“The payments for the orders of TNK to Electron and other regional enterprises are delayed. All our contract agents lost their letters of authorities and there are no new letters”, he said. As he reported, electron is provided with orders for three quarters, however, there is some decline in the tender activity, the tenders for Q3-4 are very few.

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“Bank Tatarstan” to finance construction of a rolled steel section plant

“Bank Tatarstan” department of Sberbank's Volgo-Vyatsky branch office will finance the investment project “Construction of a rolled steel section plant”, implemented by the Building Construction Plant. The amount of financing will make up 446.14 million rubles for a period of 5 years.

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Kola GMK put in commission another facility within the framework of the construction of its own cobalt production facilities

Kola ore-mining and smelting company (subsidiary of GMK “Norilsk Nickel”) keeps up the implementation of the investment project “Cobalt production”. The construction of a roofed accessory building to the nickel cell plant with an approach ramp for the shipment of cargo is finished and put in commission.
Metal shipment will be moved here. The emptying of the finished products shipment area will allow the starting of the building of a new extractor room. The main technology of the project, connected with clarification of cobalt electrolyte, will be realized there.

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Faster MET growth to result in reduction of oil extraction

The initiative of the Ministry of Finance about faster increment of MET for oil deposits will result in reduction of extraction and unprofitability of a number of deposits, General Director of Surgutneftegaz Plc. Vladimir Bogdanov reported.
On Monday the Minister of Finance Anton Siluanov said, Russian Ministry of Finance proposed faster growth of MET for oil in order to increase the filling of the road funds by 2014-2015.

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Shell becomes Gazprom’s partner at the shelf

 
Gazprom selected a strategical partner to struggle for Russian shelf against Rosneft actively developing an alliance with American ExxonMobil. Yesterday Gazprom signed a memorandum with Shell. The foreign investor obtains one third in the project and Gazprom obtains access to Shell’s foreign deposits.
On Monday the Head of Gazprom Aleksey Miller and the Chairman of the Board of Directors of Royal Dutch Shell Jorma Ollila signed a memorandum about joint development of Russian arctic shelf and foreign deep-water shelf, Gazprom reported. As told by the Ministry of Natural Resources, the companies are going to develop north Vrangel sector in the Chukchee Sea and North-West sector in the Pechora Sea. Gazprom hasn’t obtained the licenses for these sectors yet, it is expected that Russian Agency on Subsoil Use (Rosnedra) will provide them by May 1.

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In January-February, Russia decreased copper exports by 46.6%, and nickel – by 53.1%

In January-February of 2013, Russia decreased the copper export by 46.6% to 21.8 thousand tons as compared to the same period of 2011, the Federal Customs Service reports.
In the reporting period, the nickel export fell by 53.1% to 30.2 thousand tons from 64.4 thousand tons in the previous year.

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Aluminium export is down by 0.8% in Jan-February

Crude aluminium export from Russia went down by 0.8% to 506.8 thousand tons in January-February 2013, Federal Customs Service stated. The export made up $1.002 billion in monetary terms.
There was directed 488 thousand tons valued at $965.8 million to the non-CIS countries, and 18.8 thousand tons valued at $36.3 million to the CIS countries in January-February 2013.

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“Surgutneftegas” is about to increase hydrocarbon resources in Yakutia by 3 times

OJSC “Surgutneftegas” is about to increase hydrocarbon reserves in Yakutia at the deposits of the company 3 fold, the head of the company V.Bogdanov said.
“The potential (of the company’s deposits) is 3 times more than now,” Bogdanov said. He said that in 2008 the hydrocarbon resources made up 6.5 million tons, in 2012 they went up to 260.85 million tons.

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