Russia Metals and Mining, Processing

Polyplastic presents its results for Q1 2016

Despite common stagnation of the car building, household appliance and construction markets, Polyplastic NPP is still the leader in the sector and is able to increase the results in these spheres. The financial results for Q1 2016 have been accomplished in accordance with the business plan admitted by the Board of Directors.

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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.

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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.

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Putin urges to stop using the dollar in the calculations within Russia.

Today at a meeting of the Presidential Commission on Energy the state and prospects of the oil, gas and coal industries were discussed. The head of state demanded the  stopping of the  use of foreign currency in the internal calculations and asked about entry to new energy markets. We could not allow a pause in investment  and should approach tax matters in this field carefully, he added.
"In recent years Russian fuel and energy sector has gained a good pace", - Vladimir Putin stated. Mostly thanks to the the decisons made in previous years, among which are the benefits of the development of fields in East Siberia and the shelf, the stimulation of deep oil refining and the production of high-quality motor fuels. New reserves were discovered, including the Arctic shelf. For example, the Kara oil and gas province.
"Russia is among the world leaders in oil and gas production", - the President stressed. In 2014 it produced 527 million tons of oil - slightly less than Saudi Arabia, and slightly more than the United States. Natural gas production was 578 billion cubic meters.

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Gazprom has attracted OMK, TMK and ChTPZ to gas motor fuel market development

​Gazprom’s head A. Miller and heads of OMK, TMK and ChTPZ signed memorandums in the sphere of gas use as motor fuel.
The main goals of cooperation of the parties are the turning of the equipment park of the pipe companies and their affiliates for natural gas as well as forming of favorable conditions for the development of the gas motor fuel market in Russia.
Pipe producers submit Gazprom the information on the plans of turning the equipment for gas and purchase of new gas motor fuel equipment. Gazprom will primarily inform its partners on the plans of expansion of gas infrastructure in the regions of activity of the pipe companies, and in case of necessity, correct these plans.
The parties agreed on the development and joint realization of the program of implementation of gas motor equipment, joint participation in similar sectoral and regional programs.

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In January-June, export of plastic products in Russia grew by 15.4%

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%.

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JSC "Uralkhimmash" ships flash towers for OJSC "Tatneft".

OJSC "Tatneft" (Nizhnekamsk) is the equipment buyer. Flash tower 1500C0002 is part of the kerosene and diesel fuels hydrotreatment equipment.
The main material of the equipment construction is steel SA 516 Gr.60. The machine weights 79 tons, the column has a variable diameter of 1.3/2.4 meters, the height of the apparatus - 42 meters, the main wall thickness - 30 mm. The operating pressure is 0.823 MPa.

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The Ukraine replaces gas with Russian coal and electricity

In the coming days, the Ukraine will resume purchases of Russian gas, but by results of the year its dependence on Gazprom will be minimal in history - a little more than a third of all needs. The country has begun rolling blackouts, the threat of collapse pushes Kiev to the other extreme: it increases the purchases of Russian coal, nuclear fuel and is going to begin a large-scale import of electricity from Russia for the first time in its history, the RBC daily reports.
 
Cases of need
According to the Russian Statistics Service, in the first ten months Russia reduced the supplies of virtually all types of energy sources to the Ukraine: the most massive was the reduction of gas supplies - more than by a third, the supply of oil reduced less than others - by 0.9%. In value terms, the exports fell by 15% to $9.86 billion (this figure includes the gas supply, not fully paid-by the Ukraine).
At the same time, the Ukraine doesn’t buy Russian gas from mid-June: the parties have argued about the debts for a long time and couldn’t agree on the price of the new supplies. The interim agreement, the so-called winter package, was signed in late October: Ukraine promised to pay $3.1 billion of the debt before the end of 2014 and agreed to purchase Russian gas at the price $378 per 1 thousand cubic meters until April 1, 2015.

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The tax manoeuvre affects the metallurgists.

The RF Ministry of Industry and Trade is concerned about the oil reforms.
The tax manoeuvre in the oil industry, proposed by the RF Ministry of Finance to reduce indirect subsidies to the domestic market, may hit the competitiveness of other industries, according to the RF Ministry of Industry and Trade. The reduction of export duties on benzene and petroleum coke will lead to a shortage of raw materials and raise their prices, which will affect not only the petrochemists, but also the metallurgy, including the aluminum industry.
"The Kommersant" has a letter dated September 3rd from Viktor Evtuhov, the deputy head of the RF Ministry of Industry and Trade, to Arkady Dvorkovich, the Deputy Prime Minister, with comments regarding the proposals of the RF Ministry of Finance to amend the Tax Code and the law on customs tariff associated with the "big tax manoeuvre" in the oil industry, at the disposal. The manoeuvre was necessary to increase the revenues and reduce the indirect subsidies to the internal market (see "the Kommersant" dated August 21). The fears of the RF Ministry of Industry and Trade have led to changes in export tariff rates for benzene and petroleum coke. The duty on benzene (raw materials for the petrochemical industry) should be reduced from 66% of the duty on crude oil to 48% in 2015, to 40% in 2016 and to 30% in 2017. The RF Ministry of Finance proposes to set the coke rate no higher than 6.5% of the duty on crude oil. Now it is 66% and is expected to grow to 100% in 2015.

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The Federation Council has ratified duty-free oil and gas supplies to Armenia

The Federation Council has ratified the intergovernmental agreement with Armenia in the sphere of supplies of gas, oil products and unprocessed natural diamonds to the state. The agreement presupposes duty-free supplies of the goods until Armenia unites with the Eurasian integration space. Under the agreement, the Russian side does not charge import customs duties from oil products and gas at a volume of the internal consumption admitted in the indicative balance and for diamonds supplied to Armenia.

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