Finance

Oil and gas revenues to the budget of the Russian Federation to be reduced in 2020-2022.

The share of oil and gas revenues of the budget of the Russian Federation will continue to decrease in 2020-2022, according to materials published by the Ministry of Finance of Russia.

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Trans-Siberian Gold production results in H1.

This year the company sold 22 thousand ounces of gold and 69 thousand ounces of silver.

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Elga coal deposit connected to the unified energy system of Russia

Mechel, a leading Russian mining and metallurgical company, announces that the Elga Coal Complex has put into commercial operation the Elgaugol 220 kV substation and the Prizeiskaya-Elgaugol 220 kV

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Metalloinvest announces a new credit line with banks for 300 million euros.

Loan term - 4.25 years with uniform quarterly depreciation after the grace period set at 3.75 years.

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Rosneft allocates 2.2 billion roubles to develop a network of gas stations in Bashkortostan.

The company intends to create a branded network of gas stations in the republic.

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KazMunayGas's Romanian subsidiary to pay dividends for the first time

The foreign subsidiary of KazMunayGas will pay dividends for the first time. The amount of payments will depend on the company's financial and operating results for 2019

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Contractor asks to recognize Transneft-Druzhba bankrupt

Ulyanovsk company Podvodnye Tekhnicheskiye Raboty (PTR, Underwater Engineering Works) asks to recognize Transneft-Druzhba JSC, which for several years has not been paying its debts for the previous

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Severstal to offer an alternative to a number of stainless steel grades.

Severstal has become the lead investor in the final round of financing for Arcanum Alloys, Inc.

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State Duma maintains permanent MET markups for oil and gas

According to the Ministry of Finance, it will bring about 340 billion rubles annually to the budget.

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TATNEFT decides on dividends for H1 2019

The company will allocate 100% of its profits in January-June for dividends - 93.3 billion rubles.

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