Oil, China Metals and Mining, China

Hebei Bishi is ready to provide steel to Zvezda shipyard

The Chinese Hebei Bishi plans to construct a shipbuilding steel plant in Primorsky Territory with a capacity of 1 million tons, which is three times higher than the actual needs of Russian shipyard

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In 2016, Russia supplied 52.48 mln tons of oil and 18.85 mln tons of coal to China

Last year China imported from Russia 52.48 million tons of oil, 3.3 billion kWh of electricity and 18.85 million tons of coal.

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In 2015 Russia increased supply of oil to China by 17.5% to 26.7 million tons – Russian ministry of energy

Today as a special representative of the government chairman Dmitry Medvedev, the Russian minister of energy Alexander Novak had a meeting with the deputy chairman of the Chinese state committee for development and reform and head of the Chinese state energy administration Nur Bekri. The parties summed up the Russian-Chinese energy collaboration in 2015.

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Russian and world steel markets – results of last week (March 1-8, 2015)

Increase in negative trends in the Russian economy is becoming more evident. Apparently, this year the traditional spring recovery in the construction industry will be much weaker than usually, and in some regions it may not happen at all. Production of cars and other machinery equipment also decreases.
According to the forecast of the Gaidar Institute, the deepest decline in the Russian economy will be in the most favorable season - the second and third quarters. And by results of the current year, the decline in GDP will be about 6.8%. And these pessimistic assessments are founded.
Financial sanctions against Russia, obviously, won’t be mitigated in the foreseeable future. This means that domestic companies will continue to repay foreign loans, having only limited ability to obtain refinancing.
We shouldn’t also expect increase in oil prices. On the contrary, the US investment bank Goldman Sachs issued a forecast of the next decline in it. This, of course, doesn’t mean that the prices will fall for sure: Goldman Sachs is known with fairly extreme predictions and therefore often misses the mark. However, there is no opportunities for significant increase in oil prices above the current level of $60 per barrel yet. The demand for it remains limited due to the relatively low rate of economic growth in China, the European Union and Japan, and the volume of the production is reduced too slow.

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Foreign investors to be able to obtain up to 49% in strategic fields in Russia

In the conditions of a shortage of funds in Russian companies the Government can facilitate the procedure of foreign investors entering the producing projects in the Russian Federation. The Ministry of Natural Resources proposes to allow foreigners to own up to 25% in strategic fields without approval, and to obtain  ashare from 25% to 49% on the resolution of the governmental commission. The first recipient of these exemptions may apply to Chinese companies. The Deputy Prime Minister Arkady Dvorkovich even doesn’t see obstacles to give them control.

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