Ural mining metallurgical company UGMK, Oil and Gas
The stake of UGMK in the new company will be 75%, Rosneft – 25%.
UMMC will have 75% of participation share in JV, “Rosneft” – 25%
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.
Copper cathodes production in Russia is actually distributed between Norilsk Nickel, UGMK and Russian Copper Company. Last year it was slightly less than 1 million tons, Y. Raikov, the CEO of Tsvetmetobrabotka says. Production of copper rolled wire, cables and conductors was 744,000 tons in 2013, and exports were 405,000 tons. Production of rolled copper and its alloys was 70,000 tons.
Rusmininfo is pleased to announce some further enhancements to the news service.This week we have launched a full story selection system in Russian so now every user can select the news they want to receive according to their exact parameters in both Russian and English for full e-mail alerts.
To set up your new selections please log in and click on 'My News Alerts' then use the drop down menu and click on the companies,countries and sectors you want to receive news on.
If you have mislaid your log in details please e-mail [email protected]
The construction of the mini-mill with annual capacity of 550,000 tons of sort rolled steel is nearly completed. The enterprise has started the execution of complex technological testing and accepting of the main aggregates, including the electric furnace, the ladle furnace, the vacuuming machine, the uninterrupted casting machine and the rolling mill. Starting and assembling will be performed by the personnel of the plant under the governance of the specialists of the Italian supplier.