Category: Business

Release March 5, 2019, 18:10 Photos The closing ceremony of the Gazprom Winter Spartakiada Games was held at the Uralochka competitive sports center in Yekaterinburg. The winners received congratulations from Sergey Khomyakov, Deputy Chairman of the Gazprom Management Committee, Alexey Kryukov, Director General of Gazprom Transgaz Yekaterinburg, and Vladimir Tortyshev, chief referee of the Spartakiada Games. First, second and third places in the…

Release March 5, 2019, 17:05 Sergey Menshikov has been appointed Head of Department 307 at Gazprom, effective April 2, 2019. Sergey Menshikov was born in 1968 in Grozny. He graduated from Grozny Petroleum Institute, majoring in Machinery and Equipment at Oil & Gas Production Facilities, and received an additional degree in Oil and Gas Enterprise Management from the Gubkin Russian State University of Oil and…

Release February 28, 2019, 10:40 Photos Gazprom held its 14th annual Investor Day in Hong Kong (February 26) and Singapore (February 28). Taking part in the events were Andrey Kruglov, Deputy Chairman of the Gazprom Management Committee, Oleg Aksyutin, Member of the Management Committee and Head of Department at Gazprom, Elena Burmistrova, Director General of Gazprom Export, and representatives of the Company’s relevant subdivisions and…

RN-Vankor LLC, a subsidiary of Rosneft Oil Company, has produced the 10-millionth tonne of oil on the Suzunskoe oil and gas field since 2016. Suzunskoe field is located on the territory of Taimyr Dolgano-Nenets municipal district of the Krasnoyarsk Territory and is part of Vankor cluster. In 2013, Rosneft launched implementation of three business projects…

Zvezda Shipbuilding Complex launched metal cutting for the third Aframax tanker with deadweight of 114,000 tonnes. The construction was started on the state-of-the-art flame unit in the hull production facility. The metal-cutting ceremony was attended by representatives of the customers, Rosnefteflot and State Transport Leasing Company, as well as Russian Maritime Register of Shipping, and…

Release February 27, 2019, 19:30 The opening ceremony of the Gazprom Winter Spartakiada Games took place today at the Uralochka competitive sports center in Yekaterinburg. The gala event was attended by Vladimir Markov, Member of the Management Committee and Head of Department at Gazprom, Alexey Kryukov, Director General of Gazprom Transgaz Yekaterinburg, Leonid Rapoport, Minister for Culture and Sports of the Sverdlovsk Region, and…

Release February 27, 2019, 17:10 Alexey Miller, Chairman of the Gazprom Management Committee, and Dmitry Rogozin, Director General of State Space Corporation Roscosmos, held today in Moscow a joint meeting on the prospects for further cooperation. The event was attended by heads of relevant subdivisions and subsidiaries of the Company and the state corporation. The cooperation between Gazprom and Roscosmos is strategic in nature. Specifically,…

On February 27th International Polar Bear Day is celebrated. The aim of the event is to draw extra attention to conservation of the largest predator in the planet. Rosneft considers the preservation and protection of polar bears as one of its priorities in activity in the field of ecology and environmental protection. Since 2014 Arctic…

Release February 27, 2019, 09:45 The Gazprom Board of Directors expressed approval of the Company’s ongoing occupational, industrial and fire safety efforts and environmental protection measures. It was noted that the Company traditionally places great emphasis on these areas of work. Gazprom has an Occupational, Industrial and Fire Safety Policy. The Policy is based on the vertically-organized Integrated System of Industrial Safety Management, which applies to Gazprom and its 112 subsidiaries.…

Release February 27, 2019, 09:40 The Gazprom Board of Directors took note of the information on the Company’s procurement policies with regard to working with domestic producers to meet Gazprom’s strategic goals for 2019. It was stressed that Gazprom’s procurement policies are in full accord with the current Russian legislation and internal regulatory documents. All things being equal, Gazprom prioritizes goods and services of Russian…

Release February 27, 2019, 09:35 The Gazprom Board of Directors reviewed and took note of the information on the Company’s efforts to expand gas infrastructure in rural areas. It was highlighted that gas infrastructure expansion in Russian regions is a priority for Gazprom. This ambitious and socially significant project aims to improve the quality of life in Russian regions and make them more attractive to investors. Gazprom’s activities in this regard are focused…

As an operator, Verkhnechonskneftegaz Joint-Stock Company launched field seismic exploration works at the Markhayansky licence area of Rosneft Oil Company, the resources of which is estimated at 50 million tonnes of oil. The area is located on the territory of Katangsky District of Irkutsk Region, 200 km from the Verkhnechonsk field. There are 200 square…

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that international credit ratings agency Standard & Poor’s (S&P) has confirmed PhosAgro’s rating at an investment-grade BBB- and raised its Outlook on the rating to Stable from Negative. In its report S&P notes that it expects recovering…

In 2018, Rosneft sold over 180,000 tonnes of motor fuels in open exchange small-scale wholesale. This is a 74% increase compared to the level of 2017. The increase in the exchange small-scale wholesale segment was made possible with the active policy of the Company aimed at development of the segment, as well as at creation…

As part of the agreement concluded at the Eastern Economic Forum 2018, Rosneft together with the Far East Federal University (FEFU) and the Arctic Research and Design Centre (subsidiary of Rosneft corporate Research and Development complex) launched the research of sheet sea ice structural behaviour. For the first time in the global science, ice-exploration is…

Release February 20, 2019, 21:20 A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a working visit to Serbia today. As part of the visit, a meeting between Alexey Miller and Aleksandar Vucic, President of the Republic of Serbia, took place in Belgrade. The parties discussed cooperation-related issues, noting in particular the growth in Russian gas exports to Serbia. According to preliminary data, between January 1 and…

Rosneft Chairman of the Board of Directors Gerhard Schroeder had a meeting with the management of Rosneft Deutschland GmbH in the company’s office in Berlin and got acquainted with business strategy of Rosneft Deutschland for 2019. During the meeting, representatives of Rosneft Deutschland management also reported on the first results of the company’s direct marketing…

Moscow — PhosAgro-Region* (PhosAgro Group), Russia’s largest mineral fertilizer distribution network, increased its total supply of mineral fertilisers to the Russian market by 7% in 2018, to 2.93 million tonnes. According to the Russian Association of Fertilizer Producers, PhosAgro Group is the largest distributor of mineral fertilizers for Russian farmers. The Russian market remains a priority for PhosAgro Group, accounting for 30% of sales, more than any of the…

News from projects and regions February 15, 2019, 17:15 Gazprom Transgaz Ufa, the Ministry of Family Affairs, Labor and Social Welfare of the Republic of Bashkortostan, and the Breaking Barriers Social Technologies Center looked back at the results of the eponymous inter-regional social project in 2018. It was the sixth consecutive year that this noble endeavor gathered together thousands of children with disabilities,…

Release February 15, 2019, 13:45 A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a working visit to China today. As part of the visit, a meeting between Alexey Miller and Wang Yilin, Chairman of the Board of Directors of CNPC, took place in Beijing. The parties reviewed a wide range of issues related to cooperation between the companies, focusing on the ongoing preparations for the…

Release February 14, 2019, 17:35 Alexey Miller, Chairman of the Gazprom Management Committee, and Yan Novikov, Chairman of the Management Board, Director General of the Almaz-Antey Corporation, today at the Russian Investment Forum in Sochi signed a long-term contract for the supply of import-substituting products in the amount equal to guaranteed future purchases. According to the document, the Corporation will set up the batch manufacturing and…

Boris Eifman Ballet Theatre has presented the play “Anna Karenina” to the music of Tchaikovsky at the Qatar Foundation in Doha. Rosneft Oil Company provided for the event as its main sponsor. The performance was hosted on February 12 and 13 at QNCC Al Mayassa Theatre, following on a range of projects implemented as part…

Release February 13, 2019, 19:25 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Bernhard Reutersberg, Chairman of the Supervisory Board of Uniper, took place in Moscow today. The parties discussed ongoing and future cooperation, including Russian gas supplies to Germany. It was noted that the amount of gas exports to the country was maintained at the level of the previous year due…

Aspire Zone sports complex in Doha hosted an exhibition performance of Russian sambo athletes during the celebration of National Sports Day in Qatar. Rosneft Oil Company provided for the event as its main sponsor. The exhibition show, as well as a series of workshops by the seven best Russian sambo athletes, introduced the locals to…

News from projects and regions February 11, 2019, 18:00 On February 10, Novy Urengoy’s Gazodobytchik Culture and Sports Center hosted the 20th annual open dancesport competition Urengoy Waltz. The tournament combined an open competition for the Gazprom Dobycha Urengoy Cup with the Yamal-Nenets Autonomous Area dancesport contest and championship. This festival of dance has for many years been…

A unique for the industry multilateral well with eight branch holes by the fishbone* technology was built at East-Messoyakha field. The length of the productive hole is 5.1 km, the total drilling rate is 9.1 km. The oil-saturated layer in the drilling area did not exceed 12 m. Fishbones are the trademark of Messoyakhaneftegaz. The…

Moscow – PhosAgro (MOEX/LSE ticker: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, increased its FY 2018 fertilizer and feed phosphates production by 7.6% year-on-year to 9.0 million tonnes. Sales for the same period grew by 9.0% year-on-year to 8.8 million tonnes. In 4Q 2018, fertilizer production rose by 1.8% year-on-year to…

Release February 6, 2019, 09:30 The Gazprom Board of Directors took note of the information about the ongoing implementation of advanced digital technologies within the Gazprom Group. It was highlighted that Gazprom considered digital technologies to be one of key aspects of further improving the Company’s corporate governance and strengthening its market positions, as well as a vital tool for achieving its strategic goals. Systematic work in this area…

Background The key areas of activity of Gazprom Dobycha Orenburg are production, treatment, and transportation of hydrocarbons and a number of commercial products of partner companies. The main source of raw materials for the company is the Orenburgskoye oil, gas and condensate field that supplies unique components including methane, ethane, propane, butanes, helium, mercaptans, etc. This is why the Orenburg Gas Processing and Helium Plants…

News from projects and regions February 5, 2019, 10:20 On February 3, the Molodost sports center in Nadym hosted the opening ceremony of the 2019–2020 season of Gazprom Dobycha Nadym’s Spartakiada Games: the 19th Employees’ Spartakiada Games, the 8th Children’s Spartakiada Games, and the 6th Executives’ Spartakiada Games. Sergey Menshikov, Director General of Gazprom Dobycha Nadym, stressed the positive effect…

In 2018, RN-Bunker, a subsidiary of Rosneft Oil Company, increased its bunker oil sales by 10% year-on-year to 3.2 million tonnes. The increase in the bunker oil sales volumes was due to the Company’s efficient operations, customer service expansion and cooperation development with major foreign and Russian consumers, including those in the Far East ports.…

In 2018, gas output at the Zohr project, which is being developed by the consortium of Eni, Rosneft, BP, and Mubadala together with Egyptian oil and gas companies, totalled 12.2 bcm. Moreover, in H2 2018, the production increased almost four times compared with the result of H1 2018, which amounted to 3.1 bcm of gas.…

Background 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 gas supplies to and gas transit across Moldova are valid until the end of 2019. Moldovagaz is a joint Russian-Moldovan company set up by Gazprom, the Moldovan Government, and the Ministry of Industry…