Finance

S&P raises Novatek’s rating to BBB from BBB-, outlook is stable

S&P Global Ratings agency has upgraded Novateks long-term credit rating in national and foreign currencies to BBB from BBB -, the outlook is stable.

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Armenia asks Russia to prolong loan for nuclear power plant modernization

The Armenian authorities have asked Russia to extend a state loan issued to finance extension of service life of the second unit of the Armenian nuclear power plant, the Ministry of Finance of Arme

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Naftogaz of Ukraine did not allow auditors of the Accounts Chamber to hold an audit

Prime Minister of Ukraine promised support to the Accounts Chamber

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Mechel reduces its share of loans in US dollars by two times

Since the beginning of the year, Mechel has reduced its share of debt in dollars by two times,the  financial director of the company Nelly Galeeva said during the conference call.

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Lukoil successfully finished Q3

Lukoil has shown a strong growth in financial indicators, but the company's results were pressured by the lag in the dynamics of prices for petroleum products in Russia from export netbacks.

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Lukoil buys over 490 thousand shares more within buyback

Lukoil Securities Limited, a subsidiary of Lukoil, has continued the implementation of a buyback program. This was reported by Lukoil on November 27, 2018.

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In 2018, Mechel’s investments to be 6.5-7 bln rubles

In 2018, total investment of Mechel will amount to 6.5-7 billion rubles, the company's general director Oleg Korzhov said at the conference on results of the reporting.

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In the first 9 months, Mechel’s net profit fell by 1%

In January-September 2018, the net profit of Mechel Group decreased by 1% compared to the level of the same period in 2017 to 10.997 billion rubles, it follows from the company's report.

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Metalloinvest increased its net profit in January-September 2018

In January-September this year, the net profit of Metalloinvest amounted to $1.245 billion, which is by 14.3% higher than the same indicator last year, as it follows from the company's report o

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