Bashneft, Russia Metals and Mining
The Head of Department for Subsoil Use in Bashkiria Raphael Gufranov has stated that oil reserves in Bashkiria will be enough for 26 years of the production, and copper, zinc, gold ore - for 20 yea
Alrosa on sales
Nowadays Russia prepares to privatize the shareholdings in several companies including Alrosa AK. Despite the plan to offer a large shareholding of 10.9% in the company to the market, the stocks’ rates will be under the pressure in the near time. The investors should not await their considerable growth in this year, the market analysts and experts think.
Alrosa, Bashneft, VTB and Sovcomflot are at the same stage of preparedness for privatization, said the Deputy Economic Development Minister Nikolai Podguzov.
Pipe Metallurgical Company (TMK), one of the world's largest producers of pipes for the oil and gas industry, and Bashneft, a member of the ten largest Russian oil companies, have signed a technology partnership program for 2016-2020, the press service of TMK reports.
The program includes more than 20 joint activities related to the development, implementation, pilot tests of TMK products on Bashneft's oil fields. Among the products that TMK will supply are pipes in cold-resistant and corrosion-resistant design with premium connections, resistant to wrinkling, insulated tubing, including steel tubes from Cr13 for hydraulic fracturing operations.
Russian Ministry of Economic Development chooses investment banks for privatization of VTB, Bashneft and AlrosaEdited by Rhod Mackenzie / 2016-04-05 11:54:39
The Russian Ministry of Economic Development has selected only Russian investment banks to carry out transactions for the sale of state-owned shares in Bashneft and Alrosa, as well as in VTB Bank, the Ministry reports.
In mid-March, the Ministry of Economic Development began working on the selection of banks for the organization of the privatization transactions for the sale of shares of Bashneft, Alrosa and VTB. The Deputy Economic Development Minister Nikolai Podguzov said that more than 10 banks, including foreign ones, filed applications.
In the first quarter of 2016, Russia increased the oil production by 3% as compared to the same period in 2015 to 135.424 million tons, the Central Dispatch Department of the Fuel and Energy Sector reported on April 2, 2016.
In addition to the production, in the first3 months, the oil export increased by 3.8% to 62.652 million tons. The oil export through the Transneft’s system to the non-CIS countries increased by 2.5% to 48.902 million tons.
Oil extraction in Russia rose by 5.3% to 43.064 mln tons in February 2016 against Feb 2015, the Central Dispatch Management of the Fuel and Energy sector reports.
Bashneft stayed the leader on the growth of oil extraction in February. The extraction made up 1.643 mln tons, by 11.4% more than in Feb 2015.
The extraction growth in February was also shown by Gazprom Neft – by 7.8% to 4.43 mln tons, Surgutneftegas – by 3% to 4.867 mln tons, Tatneft – by 8.4% to 2.213 mln tons.
Rosneft and Lukoil managed to increase the extraction (Rosneft by 2.9% to 15.828 mln tons, Lukoil- 0.1% to 6.673 mln tons), in January they reduced the extraction results.
Shares of state-owned companies Bashneft, Alrosa and Rosneft can be sold the first under the privatization plan, the Minister of Economic Development of Russia Alexei Ulyukayev said.
"These are companies that are already in the privatization plan. These are public companies, which are in price on the market. Because of this, they are technically and legally prepared to the best and best-known for investors. We’ll start from them," - said Ulyukayev.
In 2016, the Ministry of Finance plans to earn 1 trillion rubles from privatization. On Monday, the sale of state assets was discussed at the meeting with Vladimir Putin. The RBC estimates what and at what price the state can offer to investors.
What they sell
In December 2015, against the background of the deteriorating economic situation and falling oil prices the Finance Ministry proposed to increase the budget revenues through privatization of state-owned packages in major Russian companies. At the big press conference in December President Vladimir Putin confirmed that the state could agree for the privatization of state-owned companies "not to burn the reserves". The Finance Minister Anton Siluanov evaluated the possible revenue from the privatization in 2016 at 1 trillion rubles. The amount was calculated based on the forecast of the average annual oil price at $40 per barrel and the budget deficit at 3% of GDP. In 2015, the budget revenues from the privatization amounted to only 5 billion rubles.
Bashkortostan’s head Rustem Khamitov: It’s difficult for regions to work with the largest strategic companiesEdited by Rhod Mackenzie / 2015-11-26 10:17:31
The head of Bashkortostan Rustem Khamitov tells in an interview with the Kommersant, why it is necessary to develop a small business in such old industrial region as Bashkiria, about complexities of working with large industrial companies, about finding an alternative source of limestone for the Bashkir soda company, because it’s impossible to use the famous Mount Shikhany Tratau as a raw material.
- In the summer, the SCO and BRICS summits took place in Ufa, in October - Small Business Forum of the SCO and BRICS countries were held. In 2020, Ufa will hold World Folkloriad. Bashkiria has applied to host the Eurasian Women's Forum in2018, the International Children's Games in 2019, the forum of world beekeepers in 2021, and the World Congress of Philosophy in 2023. As the head of the republic, what do you primarily expect from these events - political dividends or economic ones?