Lukoil, Metals and mining

Lukoil is going to sell diamond holding company Arkhangelskgeoldobycha for $1.45 bln

Lukoil is going to sell diamond holding company Archangelskgeoldobycha for $1.45 billion to Otkrytie. This was reported by the company.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Lukoil wins dispute for diamonds

The lawsuit of the Archangel Diamond Corporation (ADC) against Lukoil can’t be considered in the United States, the Supreme Court of this country decided on November 7, 2016, Lukoil reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Lukoil, Norilsk Nickel, Severstal are in rating of companies transparency

Five Russian companies have appeared in the rating of hundred companies with the most transparent reports among developing countries, made by the international organization Transparency International. The list of the hundred most transparent companies on the developing markets includes Evraz (the 34th place), Lukoil (the 58th place), Norilsk Nickel (the 67th place), Severstal (the 74th place) and UC Rusal (the 92th place).

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In the first 5 months, freight turnover of Transneft’s terminals exceeded 56 mln tons

In January-May 2016, the freight turnover of Transneft’s marine terminals, which accounts for up to 19.7% (-0.1 percentage point) of the aggregate turnover of the Russian ports, amounted to 56.32 million tons (+ 5.5% compared to January-May 2015).
In particular, according to the Association of Sea Trading Ports of the Russian Federation, on the basis of which the TASS prepared the rating, in the reporting period, the freight turnover of Transneft - Port Kozmino increased by 3.4% to 13.14 million tons, Neva Pipeline Company - by 6.3% to 12.11 million tons.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In Q1, 2016, Russia increased oil production by 3%

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.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil extraction in Russia rose by 5.3% to 43 mln tons in February

​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.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Previous record is broken! OJSC "MMK" produced 953.3 thousand tons of metal at the mill 5000.

The previous record was set 5 years ago in 2010, when the mill produced 943.4 thousand tons of steel.
Unique plate mill 5000 was commissioned in 2009. The President of the Russian Federation Vladimir Putin participated in the ceremony of launching the unit.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

After 2020 Alrosa to start industrial extraction of diamonds at Pioneer Pipe in the Arkhangelsk region

​With the start of industrial diamonds extraction at the Pioneer Pipe, developed by Alrosa, the stake of the Arkhangelsk region in the diamonds extraction in Russia will reach 20%, the Governor of the region, I. Orlov said.
By the extraction rates we are at the stage of preparation of the project for the start of stripping the Pioneer Pipe of Alrosa. And then we will reach the planned 20% - in 2020-2021 taking into account the investment and start of industrial extraction, reaching the project capacity, I. Orlov said.
By the assessment of the specialists in the diamond extraction sector, 20% of diamonds in Russia will be extracted in the Arkhangelsk region. The region will be the largest diamond bearing province in Europe, the Governor said.
He also said that the new deposit will be developed by Alrosa. Besides Alrosa, Lukoil extracts diamonds in the region.
2 main players at this stage are traditionally Alrosa represented by Severalmaz and Arkhangelskgeoldobycha – by Lukoil. Both companies hold exploration aiming for growing an opportunity of extraction, I. Orlov said.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gas – Russian, equipment - ?..

The Russians will have to learn how to grow vegetables, produce medicines, sew clothes and to live with their wits, as well as master and manufacture their own equipment in the country's basic industry - oil and gas.
According to the plans of the RF Ministry of Industry and Trade, in 2020 the share of Russian equipment in this sector should be increased from 40 to 57%. With regard to oil and gas engineering, its share is planned to be reduced from the current 60 to 43% by the same year - this is the RF Ministry of Energy data. "Public control" tried to understand whether the Russian companies are ready to supply their own equipment or not.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Power of Siberia and Southern Corridor to load Mill 5000

In the first six months of 2015, the delivery of steel products from hot rolling mill 5000 of MMK increased by 34% as compared with the same period of the previous year. The increase amounted to 142 thousand tons. 

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer