Finance

Bashneft returns 2/3 of amount, spent on its acquisition, to Rosneft

Rosneft has successfully organized the financing of a transaction for purchase of a controlling stake in Bashneft in the framework of a high-profile privatization deal completed in October 2016.

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RusHydro’s revenue in 2018 to be about 407 bln rubles, dividends are expected to be higher than last year

The revenue of RusHydro in 2018 will make up about 407 billion rubles, EBITDA - about 102 billion rubles. The net profit is expected to be about 30 billion rubles.

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BP to open a new giant field in Azerbaijan.

BP and its partners invested $ 28 billion into the development of a giant gas field in Azerbaijan (Shah Deniz), and this can only be the beginning, the regional president of BP for Azerbaijan, Geor

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Exillon Energy plays on the subsoil.

It bought another oil asset in Russia.

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Russian Ministry of Natural Resources assessed investments of companies in geological exploration in 2018

In 2018, investments of Russian companies in geological exploration in Russia amounted, according to preliminary data, 350-370 billion rubles, the Ministry of Natural Resources reported.

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The RF Ministry of Natural Resources: oil reserves growth to be 550-580 million tons in 2018.

According to estimates of the Ministry of Natural Resources of the Russian Federation, in 2018 the increase in recoverable reserves of liquid hydrocarbons by industrial categories (A + B1 and C1) m

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Naftogaz to refuse lawsuit against Gazprom under condition of new contract

Naftogaz Ukrainy is ready to discuss possibility of revision or rejection of the second transit claim against Gazprom in the amount of more than $12 billion.

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The Armenians accuse Russia of playing out gas prices.

The rise in gas prices has no connection with the domestic political agenda of Armenia, according to the international relations specialist Armenak Minasyants.

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Highland Gold closes the acquisition of the Chukchi assets.

On December 31 the British Highland Gold Mining (HGM, mines gold in Russia) closed a deal to acquire gold assets in the Chukotka Autonomous District from Cyprus-based Aristus Holdings Ltd, owned by

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IMF confirms that the Ukraine promises to raise gas prices in May.

The Ukraine has committed itself to raise the price of gas for the population by 15% since May 1, 2019, and to equate prices to market prices since 2020.

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