Russia Oil and Gas, Fertilizers
The Uralkali’s Board of Directors has recommended the annual general meeting of shareholders not to pay dividends for 2016.
In February the Russian enterprises of the chemical industry maintained a positive dynamics of growth of manufacture of basic chemicals.
In 2016, Uralchem increased production of marketable products by 3% compared to last year to record 6.06 million tons, the company reports.
In 2016, the Eurochem’s proceeds under IAS decreased by 4% compared to the same period last year and amounted to $4.375 billion, the company reports.
In 2016, Fosagro increased the volume of the fertilizers production by 9.4% compared with 2015 to 7.4 million tons, the company reports.
In December Russian enterprises of chemical industry retained a high level of capacity utilization, the release of basic chemicals increased by 2.2% compared with November.
VTB Bank with participation of Roseximbank and the Russian export credit agency Exsar has opened a credit line to Uralchem for $150 million, the credit institution reports.
In 2016, Uralkali produced 10.8 million tons of potassium chloride compared to 11.4 million tons in January - December of last year, the company reports. The decline amounted to 5.3% in 2016.
Previously, the company created a company for gas production in the Yamalo-Nenets Autonomous District.
In 2017, Fosagro plans to reduce its capital investments to 25-30 billion rubles, which is almost 1.5 times lower than a year earlier, the company’s CEO Andrei Guriev said at the conference c