Finance

LUKOIL stops acquisitions because of new US restrictive measures

LUKOIL, the first of the major oil companies of Russia, recognized the danger of new US sanctions for acquiring assets abroad.

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The top structures of the first platform for Shah Deniz-2 are installed in the sea.

The upper structures of the production platform, constructed within the second phase of development of the Azerbaijani Shah Deniz gas condensate field, are installed on the support block at the poi

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Russia to supply 30 million tons of oil to the People's Republic of China via the Skovorodino-Mohe pipeline.

From 2019 China would receive all 30 million tons of oil agreed with the Russian Federation via the Skovorodino-Mohe pipeline, and before that part of it would be sent via the port of Kozmino,

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Gazprom to allocate additional 50 billion roubles for the construction of "Turkish Stream".

Gazprom, the Russian energy giant, will, after reviewing the budget and investment program in 2017, send additional 50 billion roubles to finance the construction of the Turkish Stream gas pipeline

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Nordgold’s shareholders approve repurchase of shares

Shareholders of the gold mining company Nordgold have approved the offer to buy out common shares, the company reports.

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Kazakhstan develops a new code on subsoil and subsoil use.

The Ministry of Investment Development of Kazakhstan presented a new draft code on subsoil and subsoil use at the meeting of the Government of the Republic of Kazakhstan, the ministry informs.

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S&P raises rating of Lukoil by 1 step

International rating agency S&P Global Ratings has raised the long-term ratings of Lukoil for liabilities in foreign and local currency to "BBB" from "BBB-".

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Zarubezhneft early paid 100 million euro on Vnesheconombank’s loan

In September, Zarubezhneft made a partial early repayment of Vnesheconombank's long-term loan in the amount of 100 million euro, the company reports.

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There are no answers on two questions important for oil and gas in the budget for 2018-2020.

The government approved the draft budget for 2018-2020.

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