Russia Oil and Gas, Fertilizers

Uralkali’s Board recommends not paying dividends for 2016

The Uralkali’s Board of Directors has recommended the annual general meeting of shareholders not to pay dividends for 2016.

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Within first two months the chemical production index in Russia grows by 8.5%.

In February the Russian enterprises of the chemical industry maintained a positive dynamics of growth of manufacture of basic chemicals.

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In 2016, Uralchem increased production by 3%

In 2016, Uralchem increased production of marketable products by 3% compared to last year to record 6.06 million tons, the company reports.

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In 2016, Eurochem’s proceeds under IAS fell by 4%

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.

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In 2016, Fosagro increase production of fertilizers by 9.4%

In 2016, Fosagro increased the volume of the fertilizers production by 9.4% compared with 2015 to 7.4 million tons, the company reports.

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In 2016 the chemical production index in Russia grows by 3.6%.

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.

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VTB opens credit line for $150 mln to Uralchem

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.

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In 2016, Uralkali reduced production by 5.3%

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.

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"Gazprom" and IFG create a joint venture for the mining of mineral raw materials in Nakhodka.

Previously, the company created a company for gas production in the Yamalo-Nenets Autonomous District.

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In 2017, Fosagro may reduce capital investments 1.5 times

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

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