Category: Business

Background Gazprom Dobycha Astrakhan is a subsidiary of Gazprom focused on prospecting, exploration and development of hydrocarbon fields. The Levoberezhnaya part of the Astrakhanskoye gas and condensate field with an area of 1,360 square kilometers has been in operation since 1986. The field produces formation fluid with a high content of sulfur (25 per cent) and carbon dioxide (15 per cent). The company has around 300 wells of various use, hundreds…

July 12, 2019 PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q2 2019. Q2 2019 GROUP HIGHLIGHTS Hot metal output declined q/q in Q2 2019 to 2.30 mln tonnes (Q1 2019: 2.36 mln tonnes) due to short-term maintenance works…

Paris – PhosAgro CEO and head of the Russian Fertilizer Producers Association Andrey Guryev took part in a meeting of world chemistry leaders organised on the sidelines of the 47th World Chemistry Congress hosted by the International Union of Pure and Applied Chemistry (IUPAC). In addition to Guryev, the heads of other industry leaders also…

The AB1 recoverable oil reserves of the Russkoye field have increased 8% following exploration work carried out by Tyumenneftegaz, a petroleum production company belonging to Rosneft. The increase in the hydrocarbon potential of the project became possible thanks to the performance of 3D seismic and the drilling of three prospecting and exploration wells and 164…

Paris – UNESCO Director-General Audrey Azoulay together with PhosAgro CEO and member of the Commission of the Russian Federation for UNESCO Andrey Guryev discussed prospects for continuing successful cooperation. During the meeting at UNESCO headquarters in Paris, which is the venue for events marking the centennial of the International Union of Pure and Applied Chemistry…

Specialists from RN-Purneftegaz, a subsidiary of Rosneft, have implemented modern technology that improves well productivity and extends production period. The development is based on the use of directed gas-dynamic effects on the bottomhole formation zone. As a result of pilot tests, the volume of additional oil production at four inclined injection wells amounted to 1,500 tons since…

Release July 6, 2019, 18:00 Irkutsk hosted the opening of the Silk Way International Rally 2019. Gazprom is a general partner in the project. This year, the race will traverse Russia (Eastern Siberia), Mongolia, and China. A sports truck powered by natural gas is participating in the rally as part of the KAMAZ-Master team. The crew of the gas-fueled KAMAZ consists of Sergey Kupriyanov (pilot), Alexander Kupriyanov (navigator), and Akhmet Galyautdinov…

News from projects and regions July 5, 2019, 12:45 On July 4, the results of the activities held as part of the Green Spring 2019 national environmental cleanup were summarized at Gazprom Transgaz Tomsk. The company implemented 99 environmental initiatives, and over 2,000 employees took part in the events organized within the Green Spring action. All 14 regions where Gazprom Transgaz Tomsk is present…

Release July 4, 2019, 15:10 Sergey Kupriyanov has been appointed Head of Department 106 – Press Secretary to Chairman of the Gazprom Management Committee, effective July 9, 2019. Sergey Kupriyanov has been employed with Gazprom since 2003. In his previous post at the Company, he served as Press Secretary to Chairman of the Management Committee – Deputy Head of Department 106. Alexander Bespalov, former Head of Department 106, has…

Rosneft published Sustainability Report following the results of 2018. The Report was prepared in accordance with the sustainable development reporting standards of the Global Reporting Initiative (GRI standards) to be able to focus on the most significant areas of sustainable development as seen by the stakeholders. The report contains a number of topics related to…

July 3, 2019 PAO Severstal announces that it has signed an agreement to purchase a share in a joint venture (JV) with Germany’s Linde AG. The JV produces coil-wound heat exchangers for use at medium-scale and large-scale LNG plants. Upon completion of the transaction Severstal will control a 26% stake, and Linde a 74% stake…

Release July 1, 2019, 19:05 Rustem Usmanov has been appointed Director General of Gazprom Transgaz Kazan. Rustem Usmanov was born in 1969 in Ufa. He graduated from Ufa Petroleum Institute, majoring in Design, Construction and Operation of Gas & Oil Pipelines and Gas & Oil Storage Facilities, and earned a management degree from the All-Russian Distance-Learning Institute of Finance and Economics. He has a PhD…

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Release June 28, 2019, 17:00 Photos The Gazprom Board of Directors formed the Audit Committee. The Committee is made up of Mikhail Sereda and two independent directors Viktor Martynov and Vladimir Mau, with Viktor Martynov as Chairman. The Board of Directors also formed the Nomination and Remuneration Committee. Mikhail Sereda was appointed as Chairman, with Viktor Martynov and Vladimir Mau as members. Information Directorate, Gazprom Related news

Release June 28, 2019, 16:45 Photos The annual General Shareholders Meeting of Gazprom made decisions on the following agenda items. The Meeting approved the Company’s 2018 Annual Report and Accounting (Financial) Statements. It was resolved to allocate the Company’s profit based on the results of 2018. The Meeting approved the dividend amount: RUB 16.61 per share based on Gazprom’s operating results in 2018 (more than double the amount for 2017). The dividend…

Release June 28, 2019, 13:40 Photos The annual General Shareholders Meeting of Gazprom was followed today by a meeting of the Company’s newly elected Board of Directors. 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. Information Directorate, Gazprom Related news

The Russian Culture Festival sponsored by Rosneft Oil Company is taking place in the cities of Japan. The Festival in Tokyo has already featured the opening ceremony for the First Museum of Russian Contemporary Realistic Art. Also during the Festival, which will last until December 15, 2019, people will see performances by the Mariinsky Theatre…

June 28, 2019 Annual General Shareholders Meeting Strategy for excellence Dear shareholders, The in-depth materials on Gazprom’s performance in 2018, which have been prepared for the annual General Shareholders Meeting, include the Annual Report, the Accounting (Financial) Statements, the Audit Commission’s Report, and other documents. [embedded content] It is proposed that the Shareholders Meeting approve: the 2018 Annual Report of Gazprom; the 2018…

Background The Gazprom Group implemented the Grozny TPP construction project in the framework of the capacity supply agreement system, as stipulated in the Russian Government’s Order No. 238-r dated February 16, 2015, and Order No. 2636-r dated November 28, 2017. The Group’s CSA-based program envisages, inter alia, the construction and upgrading of generating facilities with the aggregate capacity of about 9 GW,…

Release June 28, 2019, 10:20 Photos Gazprom’s annual General Shareholders Meeting opened today in St. Petersburg. Shareholders from Russia and a number of foreign countries are taking part in the Meeting in person, via their representatives, and in absentia. As of June 3, 2019, the list of persons eligible to take part in the Shareholders Meeting included 472,162 accounts with a total of 23,468,757,524 shares. The Gazprom Board of Directors resolved…

Moscow – Andrey Guryev, the CEO of PhosAgro and Head of the Russian Fertilizer Producers Association (RFPA), has been unanimously elected as Chairman of the Russia-Brazil Business Council. He replaces VEB.RF Deputy Chairman Sergey Vasiliev, who had headed up the Council since 2009. Established in 2004, the Council’s main objectives are the development of business…

Representatives of leading investment companies visited production facilities of Rosneft Oil Company in Eastern Siberia. The event was attended by more than 30 analysts from global investment banks (including Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs, UBS, Credit Suisse, JP Morgan) and portfolio managers from investment funds (including Capital, HSBC Global AM, AIG…

Release June 25, 2019, 14:45 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Pekka Lundmark, President and CEO of Fortum, took place in St. Petersburg today. The parties discussed the issues related to their bilateral cooperation, including joint efforts in the field of power generation. Background Fortum is a Finnish energy concern that owns 29.5 per cent of TGC-1 (part of the Gazprom Energoholding…

News from projects and regions June 24, 2019, 17:00 Photos On June 23, a cultural and educational event named Sunday in the Radishchev State Art Museum took place in Saratov. During the event organized by Gazprom Transgaz Saratov, over 1,200 residents and guests of the city of Saratov took the opportunity to visit one of the main points of interest in the region. The entrance to the museum’s…

News from projects and regions June 24, 2019, 16:30 Photos On June 22, the second extreme cross-country run named At the Limit took place in the Pangody settlement (Yamal-Nenets Autonomous Area), gathering 140 athletes in 35 teams from seven subsidiaries of Gazprom: Gazprom Dobycha Nadym, Gazprom Dobycha Urengoy, Gazprom Dobycha Yamburg, Gazprom Transgaz Yugorsk, Gazprom Pererabotka, Gazprom Energo, and Novy Urengoy…

A two-year female polar bear that came out to people in search of food was rescued in Norilsk with help of Rosneft Oil Company and the Wildlife Conservation and Research Society. Due to the severe physical exhaustion of the animal, the specialists had to perform an operation to save her as fast as possible. Under…

Accreditation of journalists for the Press Conferences in the lead-up to the Shareholders Meeting Listen to audio For Gazprom’s Press Conferences audio broadcast please dial: +7 495 719-35-77 (Russian) +7 495 719-30-00 (English) June 21, 2019, 02:30 pm (Moscow time) [embedded content] Participants: Famil Sadygov, Deputy Chairman of the Management Committee, Gazprom; Elena Vasilieva, Deputy Chairman of the Management Committee, Chief Accountant, Gazprom; Alexander Ivannikov, Head of Department, Gazprom;…

Release June 19, 2019, 17:10 The Gazprom Management Committee reviewed the progress of the construction projects for the Nord Stream 2 and TurkStream export gas pipelines. It was noted that both projects are going according to schedule. To date, about 1,450 kilometers of the Nord Stream 2 pipeline, i.e. over 59 per cent of its total length, have been laid in the Baltic Sea. Pipelaying is currently underway in Finnish…

Background Uniper SE is an energy company focused on natural gas, power generation, and global energy trading. Gazprom and Uniper cooperate in gas supplies and transportation and implement joint scientific & technical and social & cultural programs. Nord Stream 2 is the construction project for a gas pipeline with the annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea.…

Release June 19, 2019, 10:00 The Joint Coordinating Committee for scientific & technical cooperation and partnership between Gazprom and OMV held a meeting in Vienna, Austria. The meeting was run by Oleg Aksyutin, Deputy Chairman of the Management Committee, Head of Department at Gazprom, and Johann Pleininger, Deputy Chairman of the Executive Board of OMV. The meeting participants reviewed issues related to the integrity…

Release June 18, 2019, 16:00 Gazprom’s Coordinating Committee for Environmental Protection and Energy Efficiency held a meeting today. The meeting was moderated by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Head of the Coordinating Committee. Taking part in the meeting were Gennady Sukhov, Member of the Company’s Management Committee, Head of Department, and heads of the structural units and subsidiaries of Gazprom. The meeting participants reviewed the…

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The Shirshov Institute of Oceanology of the Russian Academy of Sciences has started vast field studies of the Black Sea dolphins, with support of Rosneft Oil Company. The marine expedition took off from Sochi. Following a shipboard phase, scientists of the Shirshov Institute of Oceanology are to take on special research of a part of…

The Shirshov Institute of Oceanology of the Russian Academy of Sciences has started vast field studies of the Black Sea dolphins, with support of Rosneft Oil Company. The marine expedition took off from Sochi. Following a shipboard phase, scientists of the Shirshov Institute of Oceanology are to take on special research of a part of…

Rosneft and Credit Bank of Moscow have launched a fuel payment service for individuals via a mobile app. The service is available for customers of 96 multi-purpose filling stations under the BP brand in Moscow and Moscow Region. The World of Privilege mobile app for iOS and Android will be available not only for clients…

Rosneft has been awarded for its active involvement in the Green Spring—the Russia-wide environmental volunteer clean-up—and badged “For Initiative and Significant Contribution to Protection of the Environment.” Over 15,000 employees from over 80 subsidiaries of Rosneft Oil Company took part in the environmental campaign. Throughout the month, the Company’s employees were cleaning the area of…

Message to the Media June 13, 2019, 10:15 Dear members of the media and representatives of investment and finance companies, Gazprom’s annual General Shareholders Meeting will take place at the EXPOFORUM Convention and Exhibition Centre in St. Petersburg (64/1 Peterburgskoye Shosse) on June 28, 2019, starting at 10:00 am (Moscow time). A press center for the accredited members of the media and representatives of investment and finance companies will…

Message to the Media June 13, 2019, 10:15 Dear members of the media and representatives of investment and finance companies, Gazprom’s annual General Shareholders Meeting will take place at the EXPOFORUM Convention and Exhibition Centre in St. Petersburg (64/1 Peterburgskoye Shosse) on June 28, 2019, starting at 10:00 am (Moscow time). A press center for the accredited members of the media and representatives of investment and finance companies will…

St. Petersburg – PhosAgro CEO Andrey Guryev took part in a panel session on “Identifying the Future Industrial Leaders” during which he set forth his vision of PhosAgro’s digital transformation as a way to retain the company’s leadership on the global fertiliser market.   According to Guryev, awareness of the need to digitalise key production and…

Background The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year’s key topic is Creating a Sustainable Development Agenda. In 2018, Gazprom delivered 245 million cubic meters of gas to Bosnia and Herzegovina. TurkStream is the project for an export gas pipeline stretching across the Black Sea from Russia to Turkey and further…

Background The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year’s key topic is Creating a Sustainable Development Agenda. In 2018, Gazprom delivered 245 million cubic meters of gas to Bosnia and Herzegovina. TurkStream is the project for an export gas pipeline stretching across the Black Sea from Russia to Turkey and further…

Background Japan Bank for International Cooperation was set up in 1999 as a state-owned financial institution aimed at developing economic cooperation with foreign countries. The bank is focused on supporting international economic activities of Japanese companies. Gazprom and JBIC have established a long-standing and fruitful cooperation. Specifically, JBIC participated in financing the Blue Stream gas pipeline construction project and the Sakhalin II project. In December 2018, Gazprom successfully placed its…

Background The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year’s key topic is Creating a Sustainable Development Agenda. Gazprom is represented in Vietnam by Gazprom International B.V., a specialized company focused on the implementation of power generation and LNG projects outside Russia. Vietnam Oil and Gas Group (Petrovietnam) is engaged in hydrocarbon exploration, production,…

Release June 7, 2019, 20:30 The project for a large-scale industrial cluster to be created in the northwest of Russia in 2019–2024 was presented today at the St. Petersburg International Economic Forum 2019. The event was attended by Alexey Miller, Chairman of the Gazprom Management Committee, Konstantin Makhov, Chief Executive Officer of RusGazDobycha, Kirill Seleznev, Director General of RusKhimAlyans, Andrey Ivanov, Deputy Minister of Finance of the Russian Federation,…

St Petersburg – PhosAgro CEO Andrey Guryev took part in a panel session called “Responsible Development vs. Sustainable Consumption: Nature and Technology” at the St Petersburg International Economic Forum.  The discussion was moderated by Andrey Fursenko, aide to the President of the Russian Federation. Panel participants included Irina Bokova, Chairperson of the PhosAgro Committee on…