June 26, 2020, 21:15 In May-June 2020, international ratings agencies S&P Global Ratings, Moody’s Investors Service and Fitch Ratings affirmed Gazprom’s long-term credit ratings as part of their annual reviews. As before, all these ratings are investment-grade with a stable outlook. The S&P (ВВВ-) and Fitch (BBB) ratings correspond to the sovereign credit rating of the Russian Federation, while the rating assigned by Moody’s (Baa2) is a notch…Details
French President Emmanuel Macron is confident of progress in key areas with Russia, including notably the crisis in Libya, his office said on Friday after a video conference summit with Russia’s Vladimir Putin. Macron is “confident that we can make progress with Russia on a number of subjects,” a senior French presidential official told reporters,…Details
Russian and other foreign mercenaries have entered a key oil field in southern Libya, the conflict-hit country’s National Oil Corporation said Friday. The mercenaries drove into Al-Sharara oilfield in a convoy of vehicles late Thursday, the NOC said in a statement on its website, expressing “great concern.” After a months-long suspension, Al-Sharara — under the…Details
A Russian cybercriminal group known as Evil Corp has resurfaced in the United States with attempts to hack into major corporations through employees who are working from home due to the coronavirus, The New York Times reported Thursday. U.S. authorities indicted Evil Corp leader Maxim Yakubets and his associate in December on suspicion of stealing…Details
A Moscow court has handed a suspended sentence to prominent theater director Kirill Serebrennikov, a surprise legal victory in a fraud case his supporters say was politically motivated and a test of artistic freedom in Russia. Suspended sentences are widely seen as the lightest punishment in Russia’s legal system, which rarely issues not-guilty verdicts. The sentencing…Details
One in five healthy Moscow residents has coronavirus antibodies, suggesting they have been infected and could be immune for a period of time, the Russian capital’s deputy mayor said Friday. Anastasia Rakova said that more than 90,000 Muscovites had been tested from June 5-18 as part of the citywide testing program’s third stage. “We can…Details
Interview with Alexey Miller, Chairman of Gazprom Management Committee, on outcomes of Shareholders Meeting
Gazprom has a clearly outlined goal-setting system. Among our goals is the annual replenishment of the resource base. Thanks to geological exploration activities, our reserve replacement ratio consistently exceeds 1. It has been like this for the past 15 years, and it will remain so in 2020. Yamal accounts for the bulk of the new reserves. This year has already seen a discovery of another major field in the…Details
Roman Trotsenko, one of Russia’s richest businessmen, plans to invest 33 billion rubles ($476 million) into a major Arctic coal extraction project, Forbes Russia reported. Trotsenko on June 18 formalized the acquisition of 75% of shares in the Arctic Mining Company and intends to forge ahead with big plans for coal production on the tundra. Troubled project The…Details
Viktor Zubkov reelected as Chairman and Alexey Miller as Deputy Chairman of Gazprom Board of Directors
June 26, 2020, 14:10 A meeting of the Company’s newly elected Board of Directors was held in absentia. The meeting resolved to elect Viktor Zubkov as Chairman of the Gazprom Board of Directors. Alexey Miller Chairman of the Gazprom Management Committee was named as Deputy Chairman of the Company’s Board of Directors. The Board of Directors formed the Audit Committee. The Committee is made up of Mikhail Sereda, Member of the Company’s Board of Directors, and two independent directors Viktor Martynov and Vladimir Mau,…Details
Russia will accelerate S-400 air defense system deliveries to India by a year following tense standoffs with China and Pakistan in contested border regions, the Kommersant business daily reported Friday. New Delhi and Beijing have blamed each other for a June 15 battle in the Ladakh region in which 20 Indian soldiers were killed while…Details
Based on the voting results, the annual General Shareholders Meeting of Gazprom formed the Company’s Board of Directors composed as follows: 1. Akimov, Andrey Igorevich Chairman of the Management Board, Gazprombank (Joint Stock Company) 2. Kulibaev, Timur Askarovich Chairman of the Legal Entities Association “Kazakhstan Association of Oil, Gas and Energy Sector Organizations (KAZENERGY),” Chairman of the Presidium of the National Chamber of Entrepreneurs, Republic of Kazakhstan (Atameken) 3.…Details
June 26, 2020, 12:10 The annual General Shareholders Meeting of Gazprom was held in the form of absentee voting. The Shareholders Meeting made decisions on all agenda items. The Meeting approved the Company’s 2019 Annual Report and Accounting (Financial) Statements. It was resolved to allocate the Company’s profit based on the results of 2019. The Meeting approved the dividend amount: RUB 15.24 per share based on Gazprom’s operating results in 2019. The dividend…Details
There have been 620,794 cases of coronavirus infection reported in Russia so far and 8,781 deaths. June 26: 3 things you need to know today About 20% of Moscow residents have coronavirus immunity, deputy mayor Anastasia Rakova said Friday, citing a new study. Russia’s flagship carrier Aeroflot has been secretly flying passengers abroad for nearly a month despite state-mandated grounded flights…Details
Russian football club Orenburg became the fourth team hit by coronavirus cases since the Russian league resumed last weekend, announcing on Thursday that eight staff had tested positive. Orenburg, who are scheduled to play high-flying Krasnodar on Saturday, said six players and two backroom staff returned positive tests. Coach Konstantin Paramonov said Thursday’s training had…Details
Moscow lifted restrictions including compulsory travel passes on June 8, a move welcomed by residents who rushed out to enjoy the streets and parks. Many other regions are lifting lockdown restrictions as Russia is preparing to hold a July 1 national vote despite the pandemic. President Vladimir Putin is seeking public backing for constitutional amendments that…Details
Yuganskneftegaz, Rosneft’s largest oil-producing enterprise, will allocate about 10 billion roubles for land recultivation until 2024.
A self-described Siberian shaman critical of President Vladimir Putin is a political prisoner being persecuted for his beliefs, the Memorial human rights organization said Thursday. Authorities committed Alexander Gabyshev to a mental asylum earlier in June following his three attempts to trek 8,000 kilometers from his hometown of Yakutsk to “banish” Putin from the Kremlin.…Details
Rosneft Invests more than 36 Billion Roubles in Natural Rehabilitation Activities in Khanty-Mansi Autonomous District–Yugra over the Past Two Years
Rosneft has invested more than 36 billion roubles in environmental protection and renovation in Khanty-Mansi Autonomous District–Yugra over the past two years.
Rosneft Finalizes the Results of the Pipeline Reliability Improvement Programme (2015-2019) and Launches Another (2020-2025)
Rosneft completed the 2015-2019 Pipeline Reliability Programme in 2019.
June 26, 2020, 09:00 The Counting Board finished counting the votes on the agenda of Gazprom’s annual General Shareholders Meeting. A quorum is present with regard to all agenda items. Shareholders from Russia and a number of foreign countries took part in the Shareholders Meeting. As of June 1, 2020, the list of persons eligible to take part in the Meeting included 706,727 accounts with a total of 23,673,512,900 shares.…Details