Russia Oil and Gas, Fertilizers
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
In the first nine months of 2016, Akron increased the production of mineral fertilizers by 18.9% compared to the same period last year and amounted to 3.82 million tons.