Russia

Mechel’s Board of Directors reduces management from 11 persons to 8

At the meeting on Monday, the Mechel’s Board of Directors decided to reduce the management to 8 from 11 people, it follows from the materials of the company.

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Consumers’ debts to Gazprom grew by 7.1% in 2016

In 2016, the volume of consumers’ overdue debts to Gazprom grew by 7.1% and amounted to 160.8 billion rubles, the company reports.

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In Q1, income of the Nenets autonomous district grew by 66% due to Kharyaginskoye production sharing agreement

In the first quarter of 2017, the revenues of the Nenets autonomous district increased by 66% due to the proceeds from the production sharing agreement under the Kharyaga project.

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364 kg of gold smelted at Yubileiny GOK since the beginning of this year

From January to April 2017 inclusive, Amur Zoloto (part of the Russian Platinum Group) produced 364.2 kg of chemically pure gold and 278.6 kg of silver at its ore deposits.

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Neftisa increased recoverable oil reserves by 1.4 times to 346 mln tons in 2016

Neftisa, controlled by M. Gutseriev, increased its recoverable oil reserves by 1.4 times in 2016 to 346 mln tons, the company reports.

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Growth in Gazprom’s gas reserves is more than production for the 12th year in row

As of December 31, 2016, the explored reserves of Gazprom's natural gas of A + B1 + C1 categories according to the Russian classification made up 36.4 trillion cubic meters that is 72% of Russi

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Russian oil companies increased driftage in exploratory drilling by 4.5% in January-April 2017

Russian oil companies in January-April 2017 drilled 317.4 thousand m of exploratory wells. This is by 4.5% higher than in January-April 2016.

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Dmitry Medvedev: We don’t thrust Turkish Stream on Europe

In negotiations with European partners Russia determines the entry point of the second branch of the Turkish Stream.

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Rosneft to go on exploratory drilling at the shelf of Vietnam in 2018

In 2018 Rosneft plans to drill the 2nd exploratory well at the 05.3/11 block at the shelf of Vietnam, the company reports.

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Highland Gold Mining obtains two exploration licenses near Mnogovershinnoye

Two license areas located near the Mnogovershinnoye deposit have been received by the British company Highland Gold Mining Limited (HGM).

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