Finance

Rosatom’s subsidiary to attract loan from Sberbank for up to 30 bln rubles

Atomenergoprom (part of state-owned corporation Rosatom) will attract an overdraft loan from Sberbank with a limit of up to 30 billion rubles, as it follows from the materials of Atomenergoprom.

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Glencore expects that deal on purchase of 14.16% of Rosneft’s shares by QIA to be closed in H2

Swiss trading company Glencore has expected closing of a transaction for acquisition by Qatar investment fund Qatar Investment Authority (QIA) of 14.16% of Rosneft’s shares, owned by the cons

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In H1, Bashneft’s net profit grew 2.2 times

In the first six months of the current year, the Bashneft's profit from RAS increased 2.2 times compared to the same period in 2017 to 43.74 billion rubles.

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Dividends from joint ventures of Sibur fell by 13% in H1

As of June 30, 2018, Sibur increased investments in joint ventures and associates.

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In 2018, investment in oil and gas industry of Russia may exceed 1.37 trln rubles

In 2018, investments in the Russian oil and gas industry will grow by more than 3% compared to 2017. On August 7, 2018, this was reported by the deputy head of the Energy Ministry P. Sorokin.

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Alfa-Bank grants 6 bln rubles to TMK Pipes

Alfa-Bank has granted 6 billion rubles to structure of the Pipe metallurgical company (TMK) Seversky pipe plant (STZ). The loan is issued for up to 3 years.

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Alrosa to pay dividends twice a year

The Supervisory Board of Alrosa has approved a new dividend policy providing for payments twice a year on the basis of free cash flow, the company informs.

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In H1, Rosneft increased sale of petrochemical products by 15%

Rosneft has increased sales of petrochemical products by 15.4% in the first six months of the year.

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In H1, Sibur’s net profit fell by 30%

In the first six months of 2018, the net profit of Sibur under IAS decreased by 30.3% compared to the first half of 2018 and amounted to 45.87 billion rubles.

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In H1, Russia’s income from oil exports grew by 31.4%, gas – by 28.2%

In January-June, Russia's revenues from oil exports increased by 31.4% compared to the corresponding period of 2017 to $60.333 billion.

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