Mechel, Russia Oil and Gas

Moskoks increases sales

In the first nine months of 2016, Moscow coke and gas plant (Moskoks, included in Mechel) supplied 576 thousand tons of production to consumers, increased the shipments by 7% compared to the same p

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Novatek-Chelyabinsk asks to collect over 500 mln roubles from Mechel’s affiliate

​Previously Novatek-Chelyabinsk repeatedly filed claims to the Court on the collection of the debt for gas from Chelyabinsk metallurgical plant (Mechel’s affiliate).
On May 18th 2016 Novatek-Chelyabinsk filed a claim to the Arbitration Court of the Chelyabinsk region on the collection of over 500 mln roubles from the Chelyabinsk metallurgical plant.
The required amount is 526.7 mln roubles.
Sberbank said that it plans to initiate the bankruptcy of the Chelyabinsk metallurgical plant because of its debt.
Chelyabinsk metallurgical plant is one of the largest domestic enterprises of a full metallurgical cycle on the production of high-quality steel and is the main producer of stainless steel in Russia. It is one of the few enterprises of Russia that has its own index “Chelyabinsk steel”. It is in the structure of Mechel.

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Oil extraction in Russia rose by 5.3% to 43 mln tons in February

​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.

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Gazprom’s structure is refused the bankruptcy of Mechel’s plant

Arbitration Court in the Orenburg region has dismissed a claim of Gazprom gas distribution Orenburg for bankruptcy of Southern Urals nickel plant, which is a part of the Mechel group, without prejudice, the court informs.
The reason for this wasn’t specified.

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Mechel-Service began to supply rolled metal for the Yamal LNG project

Marketing companies of Mechel Mechel-Service has started to supply high-quality, sheet and profiled metal for the construction of a gas liquefaction plant Yamal LNG. The first 500 tons of the products were shipped to companies that produce steel structures for the plant construction.

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Novatek-Chelyabinsk intends to collect 415.5 million rubles from ChMK

Novatek-Chelyabinsk has filed a lawsuit to recover 415.5 million rubles from the Chelyabinsk metallurgical plant (ChMK, a subsidiary of Mechel) to the Arbitration Court of the Chelyabinsk region.

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Mechel ships rolled products for the construction of Power of Siberia and Altai gas pipelines

​Mechel reports of the supply of fittings, structural steel and metalware for the construction of Power of Siberia and Altai gas pipelines.
Mechel’s products are used for the output of reinforced weighing materials produced at the Berezovsky plant of structural steel for the construction of the largest route pipelines of national importance –Power of Siberia and Altai.
Reinforced weighing materials are installed on pipes with the diameter of up to 1,420 mm and are meant for the balancing of oil and gas pipelines at the passways via wetlands, rivers and other water obstacles not allowing the constructions to float to the surface.
The majority of the shipped metal was produced at the Chelyabinsk metallurgical plant.

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The RF Ministry of Economic Development includes "Makfa", "Mechel" and ChTPZ into the list of the backbone organizations in Russia.

The RF Ministry of Economic Development included "Makfa", "Mechel" and ChTPZ into the list of the backbone organizations in Russia. The list was approved by the anti-crisis commission. There are almost 200 companies together with the Chelyabinsk ones. They all are eligible for state guarantees in the amount of not more than 5 billion roubles as a priority. They will be set for investment projects and restructuring of the current debts.

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Metallurgy-2014: under “star” of Mechel

The outgoing year in metallurgy will be remembered by everyone, first of all, due to events with Mechel. In 2014, the most indebted company in the industry lost most of its capitalization. It was threatened with bankruptcy, default, was asked to sell assets, restructure its debt and convert it into shares. It was threatened with the dismissing of its general director and principal owner of the company Igor Zyuzin from its management - but there are still no specifics on the future of Mechel.
The first problems of Mechel were found at the end of February, when its shares "went" down for unknown reasons, although some analysts suspected that this was due to its debts. The manipulation with the shares was attributed to speculators, and the Central Bank undertook to investigate. But no one then imagined that everything would go so far.
But the company also had positive aspects in the current year, in particular, the sale of assets, and the fall of the ruble allowed it to significantly reduce its debt.

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The Arbitration Courts of the Chelyabinsk and the Leningrad regions have charged 275 million rubles from Mechel

The Arbitration Courts of the Chelyabinsk and the Leningrad regions have satisfied three claims about charging of 274.6 million rubles from Mechel-Energo Ltd, RAPSI reports referring to their court decisions.
On September 26th, the Arbitration Court of the Chelyabinsk region charged from Mechel-Energo in favor of MRSK-Ural JSC 78.1 million rubles, and the Arbitration Court of St. Petersburg and the Leningrad region charged from the company 120.1 million rubles in favour of Lenergo JSC on September 30. On October 2, the Chelyabinsk Court charged 76.4 million rubles in favor of Novatek- Chelyabinsk.

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