Russia Oil and Gas, Russia mineral extraction

About 28 bln rubles attracted into geological exploration due to auctions for subsoil areas

The amount of the investments that the Ministry of Natural Resources attracts within the declarative principle is about 28 billion, it is in principle comparable with state funding.

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In the first 9 months, subsoil users of Chukotka produced 22.5 tons of gold

In January-September 2016, subsoil users of the Chukotka autonomous district produced 22.5 tons of gold, which is by 12% less than in the same period last year.

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"Rosgeologiya" fights for the subsoil.

As "the Kommersant" informs, the state "Rosgeologiya" has prepared a bill that transforms it into a state corporation.

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Foreign companies to have the right for strategic subsoil deposits.

The Russian government was developing criteria for the possibility of transferring federal subsoil companies with participation of foreign investors, "the Kommersant" wrote on Monday.

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Alrosa on sales

Alrosa on sales
Nowadays Russia prepares to privatize the shareholdings in several companies including Alrosa AK. Despite the plan to offer a large shareholding of 10.9% in the company to the market, the stocks’ rates will be under the pressure in the near time. The investors should not await their considerable growth in this year, the market analysts and experts think.

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Oil and coal production in the Sakhalin region grows

The production of oil and coal in the Sakhalin region is growing, while the production of gas is declining.
The press centre of the regional administration has announced the results of the socio-economic development of the Sakhalin region in January-February 2016.

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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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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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Bashkortostan’s head Rustem Khamitov: It’s difficult for regions to work with the largest strategic companies

The head of Bashkortostan Rustem Khamitov tells in an interview with the Kommersant, why it is necessary to develop a small business in such old industrial region as Bashkiria, about complexities of working with large industrial companies, about finding an alternative source of limestone for the Bashkir soda company, because it’s impossible to use the famous Mount Shikhany Tratau as a raw material.
- In the summer, the SCO and BRICS summits took place in Ufa, in October - Small Business Forum of the SCO and BRICS countries were held. In 2020, Ufa will hold World Folkloriad. Bashkiria has applied to host the Eurasian Women's Forum in2018, the International Children's Games in 2019, the forum of world beekeepers in 2021, and the World Congress of Philosophy in 2023. As the head of the republic, what do you primarily expect from these events - political dividends or economic ones?

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