Russia

Putin to arrive in Baku with a group of oilmen

Caspianbarrel.org reports, Vladimir Putin will arrive to Azerbaijan with a group of leading Russian entrepreneurs mainly representing the fuel and energy complex.
Particularly, the Head of Lukoil Vagit Alekperov, the President of Rosneft Igor Sechin, the Chairman of Gazprom Aleksei Miller and the President of Transneft Igor Dyomin will come.

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NLMK, Mechel and MMK to look better than the market

The information unit of Finam.ru (a part of the investment holding company FINAM) has held an online conference "Metallurgical Sector: it’s time to pick up the depreciating shares". Its participants don’t expect the quality improvement of the situation in the Russian metallurgic industry, predicted major steel producers will maintain weak financial rates in the current year. At the same time, analysts advise investors to pay attention to the shares of metallurgists that have a low debt burden.
The difficult conditions at world raw materials platforms negatively influences the market capitalization of Russian metallurgists – according to analysts, from the beginning of the year their shares became cheaper by 25-55% on the average. According to participants of the conference, the complicated situation in the metallurgy will be maintained in the last six months of the current year.

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From 1997, small oil companies of Tatarstan produced 77 million tons of oil

From 1997, small oil companies of Tatartsan produced 77 million tons of oil, drilled over 6 million meters of geological material and constructed about 5 thousand wells, the General Director of Neftekonsortium (coordinator of small oil companies) Fanis Valeev reported.
392 billion rubles of taxes were transferred to budgets of all levels, including over 49 billion rubles to the consolidated budget of Tatarstan. 4 110 million rubles were transferred to the amount of housing of the Tatarstan for the republic’s program of social mortgage.

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The Alliance Group has refuted the news about the sale to Rosneft of its oil assets

The shareholders of Alliance Group have refuted the news about the sale to Rosneft of the company’s oil assets. Earlier on Thursday, Vedomosti reported that the Group is in negotiations on the possible sale of a part of its oil assets to Rosneft, referring to 2 federal authorities and some people acquainted with the  top-managers in Alliance Oil Company.

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Has crisis started in the lead industry?

In January-June of 2013, the production of green lead in Russia decreased by 36.1%, the Federal Statistics Service reports. The production of green zinc fell by 6.1%.

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Gazprom Neftechem Salavat is going to raise a credit of $150 million

Gazprom Neftechem Salavat executes an open tender for the suggestions for the closure of the contract for the opening of a non-revolving credit line of $150 million. The presupposed period of action of the credit line is 2013-2015. The funds raised will be allocated to financing of the current expenses within export contracts, the paying off of debts and the replenishment of circulation funds.

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Vladimir Putin prolongs licenses for geological exploration in regions, which are difficult of access

Russian President Vladimir Putin has signed amendments to the law “On subsoil”. In accordance with the document, published on Official Internet Portal of Legal Information, licenses for geological exploration at sites, located in Yakutia, Kamchatka, Chukotka, the Krasnoyarsk,  Khabarovsk, Irkutsk and Magadan regions, in Sakhalin, Nenets and Yamal-Nenetsk autonomous districts are prolonged from 5 to 7 years.

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NAK AKI-OTYR JSC has completed construction of pipeline division at Nizhne-Shapshinsky deposit

NAK AKI-OTYR JSC, a subsidiary of Russneft has completed construction of a pipeline division at the Nizhne-Shapshinsky deposit. The project is realized within the bounds of the program for efficient associated oil gas use. The new pipeline is meant for fuel transporting from the Shapshinsky group of deposits to the compressor station of YugraGasProcessing CJSC (UGP).

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As of July the 24th of 2013, the volume of daily production of natural gas in the Russian Federation made up 1 507.9 million cubic meters

As of July the 24th of 2013, the volume of daily production of natural gas in the Russian Federation made up 1 507.9 million cubic meters

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Alchevsk metal works property has been arrested

The Economy Court of the Donetsk region of the Ukraine has arrested the bank accounts, mobile and immobile property of Alchevsk metal works and Dneprovsk  plant in h. of Dzerzhinsky for total sums of correspondently 162.5 million grivnas and Euro 5 million under the claim of the First Ukrainian International Bank. The court brought the verdict on July 1 2013.

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