Russia

JV of Gazprom and Wintershall increased gas extraction by 30% in 2016

Achimgas –a JV of Gazprom and Wintershall – in 2016 increased gas extraction by 30% to 6 bln cubic m, Wintershall reports.

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Sberbank CIB grants loan for $325 mln to Nordgold of Alexei Mordashov

Sberbank CIB, corporate investment business of Sberbank, has granted a loan in the amount of $325 million to the gold mining company Nordgold.

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The Ministry of Natural Resources of the Russian Federation identifies 39 oil and gas sites, which are offered to subsoil users for study in 2017.

The Ministry of Natural Resources of the Russian Federation approved the list of subsoil plots offered for use in geological studies at the expense of subsoil users.

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Wintershall is confident that Poland is not able to scuttle Nord Stream 2.

Poland will not be able to disrupt the project "Nord Stream 2". This was reported by Wintershall board member Tilo Wieland.

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Alrosa expects decline in its proceeds by 6% in Q1

In the first quarter, the revenue of Alrosa from the sale of diamonds could be around $1250 billion, which is by almost 6% less than in the same period last year ($1.325 billion), this follows from

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DEVELOPMENT OF THE PETROCHEMICAL COMPLEX IN THE PRIMORYE TO ALLOW POLYMER EXPORT INTO THE APR COUNTRIES.

The Eastern Petrochemical Complex (VNKhK) will be able to produce more than 100 thousand tons of motor fuel per month.

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Polymetal continues to look for Kolyma’s Klondike

The Kolyma enterprises of Polymetal Serebro Magadans and Omolon gold mining company produced 6.1 tons of gold and 855 tons of silver in 2016.

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Kazakhstan is ready to discuss transit of Russian oil to Uzbekistan

Kazakhstan's National Oil and Gas Company KazMunayGas (KMG) is ready to consider the possibility of the transit of Russian oil to Uzbekistan, the country’s Energy Minister Kanat Bozumabay

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Gazprom is encouraged replacing Turkish Stream with South one

It seemed just yesterday that Gazprom had finally abandoned the South Stream project and would agree with Ankara on the Turkish Stream from day to day.

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Within first two months the chemical production index in Russia grows by 8.5%.

In February the Russian enterprises of the chemical industry maintained a positive dynamics of growth of manufacture of basic chemicals.

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