Moscow – The Board of Directors of PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, has declared that 2018 was an outstanding year for the Company’s in terms of its operational and financial performance. In summing up the 2018, PhosAgro CEO and Board of Directors member Andrey Guryev,…
March 20, 2019 PJSC Severstal and Global Venture Alliance (GVA) announce the launch of Severstal SteelTech Accelerator – Russia’s first full-scale industrial accelerator for start-ups in the metallurgical industry. Severstal SteelTech Accelerator’s main goal is to find innovative solutions in the industrial sector which can be successfully integrated into Severstal’s production cycle. The window for…
March 20, 2019 According to the agency, the «Expert RA» rating agency assigned the credit rating of the non-financial company Severstal to ruAAA, which corresponds to the highest level of solvency/financial reliability/ financial stability according to the national scale. The rating outlook is stable. The Expert RA credit rating has been assigned to Severstal for…
Release March 19, 2019, 19:40 The Gazprom Board of Directors took note of the information about the work being done by the Company to promote natural gas (methane) as a vehicle fuel. It was stressed that wider use of NGV fuel was one of Gazprom’s strategic thrusts in the domestic market. The Company is involved in the NGV refueling infrastructure development, cooperates with manufacturers of natural gas-powered machinery and refueling…
Release March 19, 2019, 19:35 The Gazprom Board of Directors expressed its approval the Company’s ongoing work on its major investment projects. One the Company’s current priorities is the Eastern Gas Program. Gazprom is gearing up for the launch of pipeline gas supplies to China that is scheduled for December 1, 2019. The work on the Power of Siberia pipeline is ahead of schedule. At present, the construction of the pipeline between Yakutia and the…
One of the key events of the year happened at Unit 2 of Leningrad Phase II which is under construction. Erection of the inner containment of the reactor has been completed. The last tier was concreted up to 67 meters in height. Now, the builders will be able to start constructing the highest section of…
RN Gas Fuel Company, a subsidiary of Rosneft Oil Company, has become a member of the National Gas-Vehicle Association where it will continue to develop the gas-vehicle market and increase the level of use of natural gas as motor fuel. The National Gas-Vehicle Association is an industrial solutions development platform that engages design engineers, builders,…
RN-Yuganskneftegaz, a subsidiary of Rosneft Oil Company, has produced the 400-millionth tonne of oil in Maysky region since the start of commercial exploration of the regional fields. The first field in the area put into commercial exploration in 1976 was South-Balykskoye field. In 2018, Maysky region produced 18.9 million tonnes of oil, a 15% increase…
Release March 19, 2019, 12:20 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, Alexey Miller met with Aleksandar Vucic, President of the Republic of Serbia, in Belgrade. The parties discussed the main areas of their cooperation, focusing, in particular, on the beginning of the construction of the Pancevo TPP which is going to become the first combined cycle…
Release March 15, 2019, 18:50 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Francois Fillon, French politician, took place today in St. Petersburg. The parties touched upon the current trends in the French and European gas markets, while also highlighting the successful operation of the Nord Stream gas pipeline and the importance of the Nord Stream 2 gas pipeline construction for…
March 15, 2019, 18:45 A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Isabelle Kocher, CEO of ENGIE, took place in St. Petersburg today. Through their respective representants, Gazprom and ENGIE discussed current Russian gas supplies to France. By the end of 2018, Gazprom increased gas exports to the Republic on 5.4% compared with 2017 – to 12.9 billion cubic meters. At the beginning…
Release March 14, 2019, 19:15 Photos An exhibition entitled “Treasures from the Palace Museum: The Flourishing of China in the 18th Century” opened today at the Moscow Kremlin Museums. The exhibition was organized with the support of Gazprom. The opening ceremony was attended by Alexey Miller, Chairman of the Gazprom Management Committee, Olga Golodets, Deputy Prime Minister of the Russian Federation, Mikhail Shvydkoy,…
On 20 March 2019, PhosAgro will publish its audited consolidated IFRS financial statements for twelve months ended 31 December 2018. The Company will hold a conference call and webcast the same day at 13:30 London time (16:30 Moscow; 09:30 New York). The call will be held in English, with simultaneous translation into Russian on a…
In 2018, Taas-Yuryakh Neftegazodobycha increased its oil production to 2.9 million tonnes, which is more than two times higher than in the previous year. The significant increase in oil production was achieved due to the completion of construction and commissioning of the main oil production, preparation and transportation facilities as part of the second stage…
he concrete pouring of the foundation slab of Unit 1 of Akkuyu NPP, first Turkish nuclear power plant completed on March 08, 2019. More than 17,000 cubic meters of the self-compacting concrete have been casted for the foundation slab. Self-compacting concrete is a non-segregating concrete that is placed by means of its own weight while…
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 abroad 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…
Rosneft retail network is first in Russia to launch a service of fuel payments via a mobile app for corporate customers. The RN-Card app is available for smartphones running iOS and Android. Until now, the fuel-filling payment service was piloted in Moscow, Moscow Region and Smolensk. Today, the feature can be used in every region…
Release March 12, 2019, 19:00 A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller briefed Vladimir Putin on the Company’s main accomplishments in 2018 and its plans for 2019, paying particular attention to the Program for gas infrastructure expansion in Russian regions. Gazprom website Editorial Board Shorthand record…
Release March 11, 2019, 18:05 Vyacheslav Tyurin has been appointed Director General of Gazprom Invest. Vyacheslav Tyurin was born in 1960 in Kamensk-Uralsky, Sverdlovsk Region. He graduated from Kirov Ural Polytechnic Institute. In 1991–1999, he held managerial positions at commercial entities based in Nizhnevartovsk and Moscow. In 1999–2002, he served as Director General of SG-Trans at the Ministry of Energy of the Russian Federation. He has been part of Gazprom’s team for…
On March 7, in Beijing, ASE (ROSATOM Engineering Division) and CNNC enterprises signed a General contract for units 7 and 8 of Tianwan NPP, as well as a contract for a technical project for units 3 and 4 of Xudabao NPP. The preparation of these documents was carried out in accordance with the strategic package…
Tyumenneftegaz, a Subsidiary of Rosneft, drilled 15 downhole splitters at Russkoe field in 2018, which is 30% more year-on-year. All the drilled horizontal wellbores and laterals are over 16 000 km in length. This technology enables increasing a start-up oil rate by 20-30%, as compared to a conventional horizontal well. Given geology of Russkoe field,…
A workshop for suppliers of the Akkuyu NPP project organized by Rosatom and AKKUYU NUCLEAR JSC project company was held on March 5, 2019 in Istanbul in the framework of the VI International Nuclear Power Plants Summit (INPPS Expo). Mr. İbrahim Halil Dere, Nuclear Energy General Director in Ministry of Energy and Natural Resources of…
Specialists of Rosneft United Research and Development Centre (part of the corporate R&D complex of Rosneft) together with LLC RN-Lubricants (a subsidiary of Rosneft) have developed and patented a method of production of green technical oil TDAE (Treatment Distillated Aromatic Extract) to use for production of synthetic rubbers, tyres and rubber products. Technological potential development…
Background The construction of the Pancevo TPP is carried out jointly by the Gazprom Energoholding Group and NIS a.d. Novi Sad (part of the Gazprom Neft Group). In June 2015, the companies signed a shareholders agreement to form a joint venture, Serbskaya Generaciya d.o.o. Novi Sad. The share of the Gazprom Energoholding Group in this company is 51 per cent and that of NIS a.d. Novi Sad is 49 per…
Background OMV AG is Gazprom’s main partner in Austria. The companies cooperate, among other things, on gas production, transportation and supplies. Since 2017, OMV has been partnering with Gazprom in the development of the Yuzhno-Russkoye oil, gas and condensate field. In June 2018, an Agreement was signed to extend until 2040 the existing contract between Gazprom Export and OMV Gas Marketing & Trading GmbH for Russian gas supplies to Austria.…
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…
In February 2019 Anastasia Zoteeva was appointed the Chief Executive Officer of AKKUYU NUCLEAR JSC. Anastasia Zoteeva has been involved in the development of the first NPP project in Turkey for over two years. In December 2016 A. Zoteeva was appointed CEO of REIN JSC, the managing company of AKKUYU NUCLEAR JSC; since May 2017…
On 28 February 2019, in Kigali, Rwanda, The State Atomic Energy Corporation Rosatom and the Ministry of Infrastructure of the Republic of Rwanda signed two memoranda of cooperation; on education and personnel training in the field of nuclear energy in Rwanda and on the formation of the positive public opinion on nuclear energy in the…
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…
February 27, 2019 Sustainalytics, a leading independent global provider of ESG and corporate governance research and ratings to investors, has increased Severstal’s rating from 54 to 70 points (out of a possible 100) in 2018, placing the Company in 8th position out of 42 metallurgical companies from around the world. Sustainalytics also placed “Severstal” in…
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…
The Second Atomexpo Awards ceremony will take place during the 11th International Forum ATOMEXPO 2019 in Russia’s southern city of Sochi on April 15–16. Atomexpo Awards is an international professional accolade celebrating outstanding achievements in the nuclear industry and the use of nuclear energy for the benefit of humankind. Awards will be presented in five…
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…
Voronezh Region, February 19, 2019 – Fuel loading began right on schedule at the Novovoronezh Nuclear Power Plant II, unit No. 2 equipped with the VVER-1200 reactor. The first batch of 163 fuel assemblies were successfully installed at 16:10 (Moscow time) with the remaining assemblies to be loaded within five days. The initial fuel loading…
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…
On April 15–16, 2019, Russia’s southern city of Sochi will host the 11th International Forum ATOMEXPO, dedicated to the advanced nuclear technologies’ contribution to the achievement of the UN Sustainable Development Goals. Within a decade, the forum has transformed itself from a Russian nuclear industry event with occasional participation of foreign partners into a global…
On February 15, 2019 a delegation of the Organization for Economic Cooperation and Development’s Nuclear Energy Agency (OECD/NEA) visited Russia. It was headed by the Agency’s Director General William Magwood IV. During the visit a framework agreement was signed on the Joint Initiative of OECD/NEA on nuclear education and staff training (NEST). From the Russian party…
On February 15, 2019 a delegation of the Organization for Economic Cooperation and Development’s Nuclear Energy Agency (OECD/NEA) visited Russia. It was headed by the Agency’s Director General William Magwood IV. During the visit a framework agreement was signed on the Joint Initiative of OECD/NEA on nuclear education and staff training (NEST). From the Russian…
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,…
Extraordinary and Plenipotentiary Ambassador of the Russian Federation to the Kyrgyz Republic Andrei Krutko and Deputy Director General for International Relations of ROSATOM Nikolai Spasskiy February 13, 2019 held negotiations with Minister of Emergency Situations of the Kyrgyz Republic Nurbolot Mirzahmedov and met First Vice Prime Minister of the Kyrgyz Republic Kubatbek Boronov. Director for…
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…
Sochi, Russia, February 14, 2019 – On the sidelines of the Russian Investment Forum ROSATOM’s company – JSC Rusatom Healthcare (an integrator in the field of radiation technologies in medicine and industry) – and GE Healthcare signed a roadmap to create local productions of high-technology medical equipment to cater growing need of residents of Russia’s…
Today, at the Russian Investment Forum in Sochi, the Ministry for Industry and Trade of the Russian Federation, NovaWind JSC (the ROSATOM division responsible for renewable energy industry projects) and Red Wind B.V., a Russian-Dutch joint venture, have signed a Special Investment Contract (the SPIC) to implement the investment pro-ject for creating a manufacturing facility…
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…
February 13, 2019 PAO Severstal (“Severstal”; “the Company”), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that Moody’s has upgraded its rating on Severstal to Baa2 from Baa3 and changed its outlook from positive to stable. Moody’s also raised Russia’s country ceilings for foreign currency debt to Baa2/P-2 from Baa3/P-3…