Russia

A.Novak: Competition between Asian companies for share in the Yamal-LNG to be “very high”

The Russian Minister of Energy, Alexander Novak forecasts very high competition between companies from Japan, China and South Korea for a share in  Novatek’s project the Yamal-LNG. According to the Head of the Ministry of Energy, at the same time the Russian independent gas producer may decrease its share in the Yamal-lNG to a control one. Japanese Tokyo Gas, Tokyo Electric, Murabeni, Mitsui and Mitsubishi are among the potential partners of Novatek.

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By 2025, Gazprom Neft is going to share 18% of the Russian lubricant market

Gazprom Neft Lubricants, specializing in production and sales of oils, lubricants and technical liquids has actualized long-term strategy of development, setting the targets up to 2025. By 2025, Gazprom Neft Lubricants is going to increase total volume of oil production by 40% to 633,000 tons, compared to 2012, including 330,000 tons of high-quality packaged oils, meant for realization at the Russian and international markets. As a result, Gazprom Neft Lubricants is going to share 18% of the Russian lubricant market.

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Novak: In 2013, oil production in Russia must maintain at level of 2012 at least, in the amount of 518 million tons

In 2013, the oil production in Russia must maintain at the level of 2012 at least, in the amount of 518 million tons, the Head of the Russian Ministry of Finance Alexander Novak reported to journalists. By 2030, the Ministry of Energy sets itself a task to reach the level of 540-530 million tons of oil. But this is possible only with the launch of offshore projects and development of hard to recover oil, including the Bazhenov group, the Minister said.

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On March 17, the daily oil and gas condensate output was 1.4319 million tons in Russia

On March 17, the daily oil and gas condensate output was 1.4319 million tons in Russia, the Central Dispatcher Department of the Fuel and Energy Sector reports. Production was 327,300 tons in Rosneft, 230,900 tons in Lukoil, 197,300 tons in BP-TNK, 167,600 tons in Surgutneftegaz, 86,400 tons in Gazprom Neft, 72,400 tons in Tatneft, 46,900 tons in Slavneft, 43,000 tons in Bashneft, 48,800 tons in Gazprom and 36,900 tons in Russneft.
Translated by Nadezhda Poltoratskaya

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MMK’s capacities for production of steel with coverings has reached 3.5 million tons

MMK’s capacities for production of steel with cover have achieved 3.5 million tons, the chief manager for sales of metal with cover S. Pikalov says at the conference ‘Galvanized and painted rolled steel: tendencies in production and consumption’.

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Ministry of Natural Resources: Decision on license for the Trebs and Titov deposits has not been made yet

The final decision on amending into the Bashenft’s license for the Trebs and Titov deposits in the Nenets autonomous districts hasn’t been made yet; not all participants of the FEC governmental commission presented their proposals on this issue, the Minister of Natural Resources and Ecology Sergei Donskoy reported to the agency Prime.

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A.Novak supportd the admission of private Russian companies to shelf development

The Russian Minister of Energy, Alexander Novak has supported the idea of the admission of private companies to the development of offshore fields in the case of state companies refusing them, he reported to journalists in Moscow today, emphasized that this is his private opinion.

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Gazprom’s Board of Directors approves the purchase of shares of gas-distributing companies from Rosneftegaz for 25.862 billion rubles

The Gazprom’s Board of Directors has approved the purchase of shares of gas-distributing companies from Rosneftegaz for 25.862 billion rubles, the company reports.
Let’s recall, according to the assessment of 2008, ordered by the State and Gazprom, the value of all packages that belong to Rosneftegaz, was estimated at 26 billion rubles.

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Gazprom Neft has coordinated the terms for attraction of a credit of $1 billion

Gazprom Neft has coordinated the terms for attraction of a credit of $1 billion. The transaction can be closed this month, a source close to the situation claims. The credit will consist of a loan of $700 million for 5 years and the second renewable loan. The rate is LIBOR  + 1.75% for the first tranche, and LIBOR  + 1 % for the second tranche.
In 2012, total debt of the company was $7.4 billion. It used different modes for organization of refinancing , in particular, via placing of ruble bonds, credits attractions and issuing of Eurobonds for the first time.

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Gazprom Neft to increase utilization of APG to 80% in 2013

In 2013 Gazprom Neft is going to increase utilization of APG to 80%, the company reported after the meting of the Board of Directors.
At the meeting the information about the company’s APG extraction and prospective deliveries of dry stripped gas to the unified gas supply system by 2030 was considered, RIA News reports.

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