Category: Business

St Petersburg – PhosAgro Board of Directors Chairman Xavier Rolet took part in the St Petersburg International Economic Forum (“SPIEF”) panel session ‘Is Modern Business Capable of Implementing Successful Long-Term Strategies?’ organised by PwC. Last year PhosAgro set new records for mining and production output volumes, and the company achieved its goals under its long-term…

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. Siemens AG is a leading manufacturer of electronics and electric tools. The company entered the Russian market in 1853. Gazprom Energoholding, a vertically integrated holding company (a wholly-owned subsidiary of Gazprom), manages the production companies of the…

Release June 7, 2019, 15:40 Denis Fyodorov, Director General of Gazprom Energoholding, and Sergey Milto, Director General of TER-Servis, today signed at the St. Petersburg International Economic Forum 2019 a contract for the long-term service maintenance of Siemens-made gas turbines and generators at the Grozny Thermal Power Plant (TPP). The signing ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom…

Background In June 2018, the Gazprom Board of Directors approved the Company’s power generation strategy for 2018–2027. The document provides for, among other things, the diversification of Gazprom’s power business by entering promising foreign markets. At present, the Gazprom Energoholding Group, together with NIS a.d. Novi Sad (Gazprom Neft Group), is implementing a project for the construction of a combined cycle thermal power plant…

Release June 7, 2019, 15:30 Oleg Aksyutin, Deputy Chairman of the Management Committee, Head of Department at Gazprom, and Petr Mishnev, Technical Development & Quality Director of Severstal Management, today signed at the St. Petersburg International Economic Forum 2019 an updated Scientific and Technical Cooperation Program. The ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom Management Committee. The document,…

Release June 7, 2019, 15:25 Kirill Seleznev, Director General of RusKhimAlyans, and Alexander Drozdenko, Governor of the Leningrad Region, today signed at the St. Petersburg International Economic Forum 2019 an Agreement on social and economic cooperation. The signing ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom Management Committee, and Konstantin Makhov, Chief Executive Officer of RusGazDobycha. In line with the…

Release June 7, 2019, 15:20 Alexey Miller, Chairman of the Gazprom Management Committee, Alexander Beglov, Acting Governor of St. Petersburg, and Vladimir Lyubomirov, President of the regional sports public organization St. Petersburg Yacht Club, today signed at the St. Petersburg International Economic Forum 2019 a Cooperation Agreement in the area of physical education and sports. The Agreement was made due to the expiration of a similar trilateral…

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. Cooperation between Gazprom and the Sakhalin Region is strategic. Within the state-run Eastern Gas Program, the Company is developing a major gas production center on the shelf of Sakhalin Island. In particular, commercial development…

Release June 7, 2019, 15:10 Alexey Miller, Chairman of the Gazprom Management Committee, and Ivan Belozertsev, Governor of the Penza Region, today signed at the St. Petersburg International Economic Forum 2019 a Roadmap to expand the use of hi-tech products, including import-substituting ones, manufactured by the Penza Region’s companies in the interests of Gazprom. The document covers the period up to 2021. The Roadmap will contribute…

Release June 7, 2019, 15:05 A series of agreements on the wider use of natural gas as a vehicle fuel was signed today at the St. Petersburg International Economic Forum 2019. Alexey Miller, Chairman of the Gazprom Management Committee, and Rustam Minnikhanov, President of the Republic of Tatarstan, signed an Agreement on the implementation of two investment projects in the region, namely the construction of a liquefied natural gas (LNG) complex…

Release June 7, 2019, 14:50 A number of cooperation agreements in the area of metrology, standardization and certification were signed today at the St. Petersburg International Economic Forum 2019. Alexey Miller, Chairman of the Gazprom Management Committee, and Denis Manturov, Minister of Industry and Trade of the Russian Federation, signed a Roadmap to introduce a Special National Primary Standard for the storage, reproduction and transfer of a flow…

Release June 7, 2019, 14:45 Alexey Miller, Chairman of the Gazprom Management Committee, and Ulf Heitmueller, Chairman of the Executive Board of VNG, today signed at the St. Petersburg International Economic Forum 2019 the General Terms of Gas Supply to VNG Handel & Vertrieb (a subsidiary of VNG). According to the document, Gazprom will supply up to 3.5 billion cubic meters of gas per year to VNG Handel &…

Release June 7, 2019, 14:40 Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, today signed at the St. Petersburg International Economic Forum 2019 the Contract on the amendments to the Basic Agreement on Asset Sale. The signing ceremony took place in the presence of Alexander Novak, Minister of Energy of the Russian Federation, and Elisabeth Udolf-Strobl, Minister…

Release June 7, 2019, 14:35 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Elisabeth Udolf-Strobl, Minister for Digital and Economic Affairs of Austria, took place today at the St. Petersburg International Economic Forum 2019. The meeting participants discussed relevant issues related to cooperation. The parties noted the continued and active growth in the Austrian imports of Russian gas…

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’s main partner in China is CNPC, a state-owned oil and gas company. On May 21, 2014, Gazprom and CNPC signed the 30-year Sales and Purchase Agreement for Russian gas to be supplied via the eastern…

St Petersburg – PhosAgro CEO Andrey Guryev participated in a teledebate entitled “Investments into Russia’s future: how to make national projects attractive to investors” that was organised by the Russian Direct Investment Fund (RDIF) and the Russia 24 TV channel at the St Petersburg International Economic Forum (“SPIEF”).  During the debate, RDIF CEO Kirill Dmitriev…

St Petersburg – PhosAgro CEO Andrey Guryev participated in a teledebate entitled “Investments into Russia’s future: how to make national projects attractive to investors” that was organised by the Russian Direct Investment Fund (RDIF) and the Russia 24 TV channel at the St Petersburg International Economic Forum (“SPIEF”).  During the debate, RDIF CEO Kirill Dmitriev…

St. Petersburg – PhosAgro CEO Andrey Guryev took part in a panel session titled ‘A Recipe for Global Competitiveness for Russian Industry’ at the St Petersburg International Economic Forum (“SPIEF”). The debates were focused on successful cases of Russian companies in export markets and the mechanisms through which the state can support exports. Deputy Prime…

St. Petersburg – At the St Petersburg International Economic Forum, PhosAgro signed a memorandum of cooperation with Infotech Baltika concerning the construction of a specialised marine terminal for the transhipment of mineral fertilizers and apatite concentrate at the seaport of Murmansk. The document was signed by PhosAgro’s CEO, Andrey Guryev, and Infotech Baltika’s CEO, Alexander…

Release June 6, 2019, 19:05 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, took place today at the St. Petersburg International Economic Forum 2019. The meeting participants examined the current issues and prospects of their cooperation, putting a special focus on gas supplies. It was noted that Gazprom’s supplies to Hungary…

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 exported to Serbia 2.15 billion cubic meters of gas, a 1.2 per cent increase from 2017 (2.12 billion cubic meters). In June 2017, Gazprom and the Serbian Ministry of Mining and Energy signed the roadmap…

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. Royal Dutch Shell is a British-Dutch oil and gas holding company focused on hydrocarbon production, processing and marketing in more than 70 countries. Nord Stream 2 is the construction project for a gas pipeline with…

Release June 6, 2019, 13:50 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wolfgang Reitzle, Chairman of the Board of Directors of Linde, took place today at the St. Petersburg International Economic Forum 2019. The meeting participants discussed the current progress and prospects of their cooperation, in particular the Amur Gas Processing Plant (GPP) construction project in which Linde’s equipment is used. It was…

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’s gas deliveries to the Republic of Moldova totaled 2.9 billion cubic meters of gas, an increase of 8.4 per cent against 2017 (2.7 billion cubic meters). The contracts between Gazprom and Moldovagaz for…

Release June 6, 2019, 12:05 A working meeting of Alexey Miller, Chairman of the Gazprom Management Committee, with Hans-Ulrich Engel, Vice Chairman of the Board of Executive Directors of BASF, Chairman of the Supervisory Board of Wintershall Dea, and Mario Mehren, Chairman of the Executive Board of Wintershall Dea, took place today at the St. Petersburg International Economic Forum 2019. На встрече были рассмотрены вопросы сотрудничества компаний.…

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. France’s ENGIE SA (prior to 2015 – GDF SUEZ) is focused on natural gas marketing, as well as power generation. ENGIE owns the largest gas transmission network in Europe and is the biggest UGS facility operator…

Release June 5, 2019, 19:45 Photos The Lyons Hall of the Catherine Palace at the Tsarskoe Selo State Museum Preserve (Pushkin, St. Petersburg) was reopened today after a restoration carried out with the support from Gazprom and the ENGIE Foundation (France). The unveiling ceremony was attended by Olga Golodets, Deputy Prime Minister of the Russian Federation, Sylvie Bermann, Ambassador Extraordinary…

Environment protection is one of the priorities for Rosneft. The Company has allocated more than 370 billion roubles for environmental activities over the past five years. In December 2018, the Company approved its public statement — “Rosneft: contributing to implementation of the UN Sustainable Development Goals”, confirming its commitment to high social and ecological standards.…

June 5, 2019 PAO Severstal, one of the world’s leading vertically integrated steel and mining companies, has established a new unit that will be focused on the development of digital businesses. The team will be headed by Sergey Khabarov, previously investment director at Genome Ventures, an innovative human capital development business. The new unit will…

Release June 4, 2019, 18:20 The Gazprom Management Committee reviewed the operating results of the Company’s subsidiaries and organizations over the 2018–2019 autumn/winter period and discussed the measures to be taken for ensuring uninterrupted gas supplies to consumers in the upcoming winter. It was noted that in the past winter Gazprom, as in previous years, had provided its consumers in Russia and abroad with the required gas…

The Annual Shareholder Meeting of Rosneft Oil Company is held on June 4, 2019 in St. Petersburg. Rosneft Chief Executive Officer Igor Sechin held a keynote speech reviewing the results of the Company’s work in 2018. «Rosneft is the largest oil and gas company in the Russian Federation, as well as globally in terms of reserves…

Rosneft Oil Company has joined the initiative of the world’s leading oil and gas companies and signed “The Guidelines for Methane Emission Reduction in Natural Gas Supply Chain” (hereinafter referred to as the Guidelines). The Company’s Strategy related to compliance with the 17 Sustainable Development Goals of the UN, approved by the Board of Directors,…

Rosneft has put into commission the West Erginskoye field that is a part of the Erginsky cluster. Chief Executive Officer of Rosneft Oil Company Igor Sechin ordered to launch the first oil shipment via teleconference during the Annual General Meeting of Shareholders of the Company that is taking place in St. Petersburg. The West Erginskoye…

St Petersburg – A delegation from PhosAgro (“PhosAgro” or “the Company”) (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, will take part in the St Petersburg International Economic Forum (“SPIEF” or “the Forum”) on 6-8 June 2019. SPIEF is a major event for the entire business community and for…

Release June 3, 2019, 20:40 The 7th season of the Football for Friendship (F4F) international children’s social programme organized by Gazprom concluded in Madrid. The final events of the project, which was carried out with support from FIFA, UEFA, and national football federations and associations, took place from May 28 through June 2 within the framework of the official programme of the UEFA Champions League…

PJSC PhosAgro (Moscow Exchange, LSE: PHOR) (“PhosAgro”, the “Company”), one of the world’s leading vertically integrated phosphate-based fertilizer producers, hereby informs / notifies its shareholders that the Extraordinary General Meeting of Shareholders is to be held on 24 June 2019, Form of the Extraordinary General Meeting: absentee voting. One can inform himself about the data…

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, has been informed by its shareholders Igor Antoshin and Vladimir Litvinenko about a 1.64% change in their stakes in the Company’s authorised capital. According to the information provided by the shareholders the share ownership of Mr. Antoshin reduced to 4.51%,…

Ryazan Oil Refining Company (a part of Rosneft Group) has started production of RON-95-K5 Euro 6 high-octane gasoline with improved environmental and performance characteristics. Sales of the improved-quality gasoline began at Rosneft fuel filling stations in the Ryazan region. In the nearest future, residents of the Tula and Kaluga regions will also be able to…

Moscow – The Board of Directors of PhosAgro PJSC (“the Company”; Moscow Exchange, LSE ticker: PHOR) approved the leadership and composition of its committees at a meeting held on 24 May.  The Strategy Committee and Risk Management Committee will be chaired by Independent Director Sven Ombudstvedt. Independent Director Marcus Rhodes was once again elected Chairman…

May 29, 2019 PAO Severstal announces that the Company’s organizational structure has been reconfigured to support its updated strategy and ensure it consistently delivers an excellent customer experience. Based on agile business principles, all of the Company’s production and “selling” divisions now fall under two streams – upstream and downstream, for which common business goals…

Listen to audio For Gazprom’s Press Conferences audio broadcast please dial: +7 495 719-35-77 (Russian) +7 495 719-30-00 (English) Materials May 28, 2019, 02:30 pm (Moscow time) [embedded content] Participants: Vitaly Markelov, Deputy Chairman of the Management Committee, Gazprom; Elena Burmistrova, Deputy Chairman of the Management Committee, Gazprom; Director General, Gazprom Export; Sergey Menshikov, Member of the Management Committee, Head of Department, Gazprom; Vyacheslav Mikhalenko, Member…

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Sibneftegaz JSC celebrates the 25th anniversary of its operation. This is one of the key gas-producing subsidiaries of Rosneft Oil Company with the accumulated output exceeding 118 billion cubic metres. At the moment, the entity produces approximately 12 bcm annually. In order to expand its production, Sibneftegaz carries out the construction of major production facilities:…

Specialists from RN-Purneftegaz LLC, a subsidiary of Rosneft, have developed and tested an innovative anti-icing technology for oil production units. The novel solution’s feature is the use of an exothermic heating device—a chemical heater consisting of a heating cartridge and a cover that is worn on a well casing or a pipeline section. Exothermic heaters…

Moscow – PhosAgro (“PhosAgro” or “the Company”) (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that its Board of Directors has elected Independent Director Xavier Rolet as its Chairman. The Board of Directors also re-elected as its Deputy Chairman Andrey G. Guryev, Vice President of the Russian Union…

Moscow – The Annual General Meeting of shareholders (AGM) of PhosAgro (“the Company”) (Moscow Exchange, LSE: PHOR) has approved a final dividend payment for 2018 of RUB 6.6 billion, which represents RUB 51 per ordinary share (RUB 17 per GDR) from undistributed net profit for 2018. The dividend record date was set as 10 June…