Norilsk Nickel, Oil and Gas

Norilsk Nickel plans to invest about 2 bln roubles into geological exploration in 2017

In the past 3 years the company invested 4 bln roubles into geological exploration.

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Norilsk Nickel was fined for Daldykan river pollution

Norilsk Nickel was fined for the pollution of the river Daldykan near the city of Norilsk (Krasnoyarsk region), the source in the regional administration of Rosprirodnadzor reported on Monday.

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Lukoil, Norilsk Nickel, Severstal are in rating of companies transparency

Five Russian companies have appeared in the rating of hundred companies with the most transparent reports among developing countries, made by the international organization Transparency International. The list of the hundred most transparent companies on the developing markets includes Evraz (the 34th place), Lukoil (the 58th place), Norilsk Nickel (the 67th place), Severstal (the 74th place) and UC Rusal (the 92th place).

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Norilsk Nickel asks to reduce the payment for harm done to the ecology

​Norilsk Nickel filed a claim to the Arbitration Court of the Krasnoyarsk region. Norilsk Nickel asks to prove invalid a number of orders of the regional Government.
The Court says: Norilsk Nickel, like any other industrial enterprise, has to pay for the negative influence on the environment.
Meanwhile, if a company invests into the nature preserving measures (in particular, into production modernization), it has the right to reduce the payment for harm done to the environment by the volume of expenditure.
In this case, as stated in the claim, the enterprise has executed all the necessary conditions for the recalculation of payments. Taking into account the corrections, the payment was supposed to be reduced by 1.1 bln roubles. Norilsk Nickel had its right confirmed for the reduction of payment for harm done to ecology on the results of 2013.

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Modern engineering solutions are necessary for the development of the Northern Sea Route, V.Shtyrov

Northern Sea Route is to be all-year-round. New technologies and sustained effort is required for that to happen, council chair for the Arctic Region and Antarctic Region of the Federation Council V.Shtyrov said in the programme “Senate” of TV channel Russia 24.
There were transported 6.5 million tons of cargo in the Soviet times, it fell to 1.5 million tons in the 90's and made up 5.5 million tons in 2015, said the senator. 

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Norilsk Nickel fights for flanks

As the Kommersant has got to know, Norilsk Nickel requests the Government to introduce an application principle of issue of licenses for flanks of producing fields. The company is also dissatisfied with preferences of Rosgeologiya, which has received the right for search license on application, which caused claims of the FAS. Norilsk Nickel insists that mining companies should have priority to the study of the wings, even if Rosgeologiya claims to them. Related agencies support the initiative of the application principle, but the Economy Ministry wants equality of subsoil users and Rosgeologiya.
On October 13, Norilsk Nickel asked the Government to give subsoil users the preferential right to receive search license for flanks adjacent to the developing deposits, the Kommersant’s sources report. Now companies have to wait until the state put up prospecting licenses for the competition or auction, and Norilsk Nickel also offers to give them on the application principle.

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Norilsk Nickel is unique user of Northern Sea Route

At the First East Economic Forum, which was held in Vladivostok, the industry dialogue on the theme "Northern Sea Route: how to realize the transit potential" took place. To date, the potential of the Northern Sea Route is still underutilized. The main users of the Russian national maritime transport route in the Arctic is Norilsk Nickel. Active development of the Northern Sea Route started from the development of nickel deposits in Norilsk. Today, the potential of the Northern Sea Route is increasingly associated with oil and gas deposits on the Russian shelf, but the transit container flows may be another driver of the Northern Sea Route development.

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"Rosneft" places a bet on Trafigura.

Trader will provide the company with prepayment in hard currency.
The Swiss trader Trafigura, who from April, according to unofficial data, will buy about 1 million tons of oil per month from the oil company, can become the largest trader of "Rosneft". According to "the Kommersant", the contract provides for  advance payments, and under normal conditions for such contracts "Rosneft" can get almost $ 1 billion from the trader for the next six months. Cut out due to the sanctions from Western funding "Rosneft" needs funds to pay for off its debts.
The Swiss trader Trafigura is in talks with "Rosneft" to increase its purchases of crude oil from the oil company. According to Reuters, in April trader will start to export more than 1 million tons of "Rosneft" oil a month - nearly six times more than what Trafigura buys now. A source of "the Kommersant" in the market confirms this information, but adds that currently the contract is not concluded, the negotiations continue and the final volume of deliveries for the trader and delivery terms are not defined. "Rosneft" and Trafigura do not comment on the situation.

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MMK Norilsk Nickel purchased 38% of shares in Norilskgazprom from Gazprom

​Norilsk Nickel has purchased 38% of shares in Norilskgazprom OJSC from Gazprom having increased its stake in the company’s capital to 94.2%.
MMK Norilsk Nickel OJSC has purchased 38% of shares in Norilskgazprom from Gazprom that makes up 2,846,130 shares, Gazprom’s press service reports. The deal was closed on March 2nd 2015.
Thus the total number of shares belonging to Norilsk Nickel in this enterprise rose to 94.2%.
Gazprom put up for sale 38% of shares in Norilskgazprom in late November 2014. The initial sales price was 1.33 bln roubles. In December Norilsk Nickel sent an offer on the purchase of the package at the price of 468 roubles/paper. Thus the company offered about 133.2 bln roubles for the package.

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Western sanctions against Russia are not to cut off ties between Total and Moscow

Western sanctions, imposed against Russia, are not to cut off ties between Total and Moscow. The new-elected chief executive of the French company P.Pouyanne states.
“Great efforts have been put to enter the Russian market. We can not risk. People remember. You are to be with partners both when they are strong enough and develop successfully and when they undergo difficult times,” Pouyanne stated in an interview to the Financial Times.
According to the head of Total, the means for the financing of a joint project “Yamal LNG” will arrive in mid 2015 from the European and Chinese banks.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
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