Finance

In H1 2017 NLMK's net profit up 2.8 times

The net profit of the Novolipetsk metallurigc plant in accordance with IFRS in the first half of 2017 increased 2.8 times compared to the same period last year and amounted to $665 million.

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S&P confirms Metalloinvest's rating, outlook stable

The international rating agency S&P Global Ratings has confirmed the long-term corporate credit rating of Metalloinvest at BB with a stable outlook.

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In Q2, Novatek increased its capital costs by 33.2%

In the second quarter of 2017, Novatek increased its capital expenditures by 33.2% to 9.34 billion rubles. This follows from the company's report for the second quarter under IAS.

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In Q2, Russian gross domestic product grew by 2.7%

According to the Russian Ministry of Economic Development, in the second quarter of 2017, growth of the Russian gross domestic product made up 2.7% in annual terms after the increase by 0.5% in the

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In H1, Lukoil doubled its net profit under RAS

In the first half of 2017, the net profit of Lukoil under RAS increased 2.1 times compared to the first half of 2016 and amounted to 115.607 billion rubles.

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In H1, Inter RAO UES reduced its net profit under RAS 8.9 times

In the first six months of 2017, Inter RAO UES reduced its net profit under RAS 8.9 times to 4.1 billion rubles, the company reports.

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Nord Stream 2 is under threat because of the US sanctions: if the Swiss company reject partnership, it is very difficult to find a replacement for it – expert.

Gazprom is building Nord Stream 2 with significant participation of European Oil and gas giants such as Shell, OMV, Wintershall. If they leave the project, it can freeze the construction.

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In H1, Irkutsk Oil Company transferred 6.7 bln rubles in budget of the Irkutsk region

In the first six months of 2017, Irkutsk Oil Company (INC) transferred 6.7 billion rubles to the consolidated budget of the Irkutsk region, which is by 49% more than in the first half of 2016.

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In 2000-2016, Kuibyshevazot invested over 60 bln in production dveelopment

In the period from 2000 to 2016, Kuibyshevazot invested more than 60 billion rubles in development of production capacities.

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In H1, Alrosa increased diamond mining by 14%

In the first six months of 2017, Alrosa increased its diamond production compared to the same period last year by 14% to 19.3 million carats, the company reports.

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