Ural mining metallurgical company UGMK, Russia Oil and Gas
The stake of UGMK in the new company will be 75%, 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.