Metals and mining, Korea Oil and Gas
According to customs statistics, in January-June 2015, foreign trade turnover of Russia made up $270.7 billion and it decreased by 32.6% in comparison with January-June 2014. The trade balance showed a surplus of $95.3 billion, which is by 16.7 billion less than in January-June 2014.
In January-June 2015, the export of Russia amounted to $183.0 billion, decreased by 28.8% as compared with January-June 2014. In January-June 2015, the basis of the Russian export to the non-CIS countries was fuel and energy products, the share of which in the commodity structure of the export to these countries amounted to 68.1% (in January-June 2014 - 75.3%).
In January-June 2015, the cost volume of energy products decreased by 34.5% as compared with January-June 2014, and the physical - increased by 10.3%. Among the energy goods the volume of exports of crude oil increased by 11.5%, electricity - by 25.0%, oil products - by 20.2%, including: kerosene - by 39.3%, diesel fuel - 18.0%, liquid fuels - by 23.5%. At the same time, the export volume of natural gas was reduced by 4.1%, coal - by 1.2%.
Alexander Novak has said that by 2035 the volume of gas supplies from Russia to the countries of the Asia-Pacific region will increase 9 times.
The Russian Rostech and the Korean SK Energy have entered the final stages of the tender for an oil refinery construction in Uganda, Rostech subsidiary RT – Global Resources reports. Earlier the Government of Uganda approved the short list including the consortiums headed by the Chinese China Petroleum Pipeline Bureau, the British Petrofac, the Swiss and Dutch Vitol and the Japanese Marubeni, besides from Rostech and SK Energy. They entered the final stage only 2 consortiums including the Russian RT – Global Resources, Tatneft and VTB Capital. Uganda’s oil is high-paraffin crude that will need special configuration of the oil refinery and the need for the heating of the pipeline to 60* when exporting the products to the neighboring regions. Tatneft possesses such technical capabilities and that enabled company to access to the final stage. They will discuss at the final stage the concrete details of construction and operation of the oil refinery that will chose the winner.
Igor Sechin to take United Shipbuilding Corporation in tow – the Corporation calculates on Rosneft more and moreEdited by Rhod Mackenzie / 2013-04-25 02:00:39
The Rosneft’s Head Igor Sechin has actively got into gear of the United Shipbuilding Corporation (OSK). The current criticism of OSK has started from him – against the background of this, the discussion of the change of the corporation’s Head became more active. Now OSK calculates on large-scale orders from Rosneft too, connecting resumption of its largest projects (construction of new shipyard in Kotlin and Zvezda in the Far East) with them. Igor Sechin has already raised a question about the situation in OSK at the level of Vladimir Putin; the meeting will take place in his office on May, 6. Some sources of the Kommersant expect to get an announcement of personnel replacements that time.
The General Director of the Baltic shipbuilding plant (a part of OSK) Alexander Voznesensky stated that the project to construct New Admiralty shipyard on the island of Kotlin in Kronstadt, "might be revived".
KOWEPO might construct a terminal in Primorie
A new large project of the coal terminal with the capacity of 20 mln tons a year has been announced in Primorie. KOWEPO (Korea) wants to be an investor, which has earlier announced of its investment plans into the Russian energy sector. “Rosenginnering” group (Russia) will be its partner. The majority of the rest planned terminals in the Far East will be captive, and the idea of the coal port of “equal access” is supported by the Government of Russia. Analysts doubt KOWEPO will manage to occupy this layer.
The South Korean energy company, Korea Western Power announced the project of the building of a coal terminal with the capacity of reaching 10 million tons in the south of Primorye. The company is also going to assist the development of the coal-mining enterprises in the Far East. The negotiations were conducted in Seoul by the RF Presidential Envoy in the Far Eastern Federal District, Viktor Ishayev and the CEO of Korea Western Power, Kim Mung Doc. Read more »
It is planned to build plants producing concrete, pipes and building materials of Kazakhstan Aluminium JSC and Aksunsky ferroalloy plant's waste in the Pavlodar Region. South Korean businessmen will participate in the building, press service of the regional Akimat (local administration in Kazakhstan) reported.
As reported by the press service, meeting of the deputy Akim of the region Murat Ospanov with managing director of Samsung IMK Corporation export and import company U Je Hill took place. Read more »