Russia Oil and Gas, China Metals and Mining

Russian Ambassador to China: Russia and China to diversify cooperation in energy sector

Russia and China will diversify their cooperation in the energy sector and there is reason to talk about building the so-called "energy alliance" between the two countries.

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The Deputy Prime Minister Khloponin expects to sell Sukhoi Log by year's end.

The Russian government expected to form a pool of Russian investors soon to participate in the auction for the right to develop the Sukhoi Log gold deposit in the Irkutsk region, the Deputy Prime Minister Aleksandr Khloponin responsible for the use of mineral resources told reporters. He hopes that the auction will take place before the end of this year.

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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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Rules of the game for the Russian fuel and energy sector for the next 5 years are being written in Beijing.

Last week Russian fuel and energy companies were formally notified of their new strategic challenges, though perhaps still not all market participants adequately realized that fact. On Thursday Chinese authorities announced their feedback on the part of the environment - especially the emission of carbon dioxide and other grime. Li Keqiang personally called bad ecology "people's pain". And since in Beijing the position of the political leadership of the country is almost automatically put into the business plans of key companies, we can assume that now energy suppliers, including Russia, are provided with new procurement conditions until at least 2020, "the Kommersant" writes.

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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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The Russian pipe market is growing

Gazprom is to in the near future begin the construction of the Power of Siberia gas pipeline in the framework of implementation of the Chinese gas contract. Russian metallurgical companies should get a huge benefit due to this - in the case, of course, their readiness to fulfill orders.
The total length of the Power Siberia gas pipeline will be about 4 thousand km, which would require at least 2.6 million tons of large-diameter pipes (LDP). This means that Russian pipe companies together can claim for contracts to the amount of $5.7 billion. Moreover, the experts interviewed note that the priority in the pipeline construction will be given to pipes of domestic production. Such a large-scale contract, certainly, gives the Russian pipe and steel companies a unique opportunity not only to improve their economic and financial situation, but also to demonstrate their competitive advantages, director of the Pipe Industry Development Fund, Oleg Kalinsky thinks.

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