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…
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…
ROSATOM has launched the sector-wide Advance Training Program for managers of nuclear facility construction projects in the Russian Federation and abroad. It will allow building up new competences, implement best world practices of construction project management on sites and train necessary candidates pool for implementation of the world’s largest portfolio of NPP construction projects. The…
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…
February 8, 2019 Izhora Pipe Mill (IPM, part of PAO Severstal) has won several tenders to supply PAO Gazprom with over 200 thousand tons of large diameter pipes. The products will be used in the development of gas transmission capacities for the Unified Gas Supply System in the North-West Region (NEGP), as well as 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…
February 5, 2019 PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, today announces its Q4 & FY2018 financial results for the period ended 31 December 2018. CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 DECEMBER 2018 $ million, unless otherwise stated Q4 2018 Q3 2018 Change, %…
February 5, 2019 Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN) announced today that it will form a joint venture with PAO Severstal to build a welded pipe plant to produce OCTG products in the Surgut area, West Siberia, Russian Federation. Tenaris will have a 49% interest in the joint venture…
February 5, 2019 PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, has published its Annual Report for the year ended 31 December 2018 on the Company’s corporate website. The full report is available at: https://www.severstal.com/files/23787/Annual_report_2018.pdf
February 4, 2019 PAO Severstal (“Severstal”; “the Company”), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its capital investment programme for 2019. In like with previous announcements, Severstal plans to invest approximately 95.7 billion rubles in 2019, focusing on the key areas of the Company’s updated strategy disclosed during…
February 4, 2019 The Board of Directors of Severstal (“Severstal”, “the Company”) (LSE: SVST; MICEX-RTS: CHMF), one of the world’s leading vertically integrated steel and steel-related mining companies, is recommending a dividend of 32.08 roubles per share for the three months ended 31 December 2018. Approval of the dividend is expected at the Company’s AGM…
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.…
February 1, 2019 PAO Severstal, one of the world’s leading vertically integrated steel and mining companies, announces that its venture capital division, Severstal Ventures, has been awarded Entrant of the Year at the Global Corporate Venturing Awards. The awards ceremony was held on January 30, 2019 at the Glibak Corporate Venturing and Innovation Summit in…
The Federal Environmental, Industrial and Nuclear Supervision Service of Russia (Rostechnadzor) has granted a license to Rosenergoatom Joint-Stock Company (a part of the Electric Power Division of the ROSATOM) to operate the 1st power block of the Bilibino NPP, which has now been stopped for decommissioning, in a no-generation mode. The license is valid for…
On the 18th of July 2016 Deputy Director General of ROSATOM Nikolai Spasskiy had a meeting with Deputy Director General for Nuclear Safety and Security of the IAEA Juan Carlos Lentijo. The meeting was also attended by Permanent Representative of the Russian Federation to the International Organizations in Vienna Vladimir Voronkov and Deputy Chairman of…
In 2018, FSUE Atomflot’s nuclear icebreakers steered 331 ships of a total gross capacity 12.7 mln tons. As compared to 2017, the capacity of steered ships increased by 5 mln tons. With that, the number of steering operations decreased (last year it was 493 ships) due to completion of the active phase of construction in…
In 2018, FSUE Atomflot’s nuclear icebreakers steered 331 ships of a total gross capacity 12.7 mln tons. As compared to 2017, the capacity of steered ships increased by 5 mln tons. With that, the number of steering operations decreased (last year it was 493 ships) due to completion of the active phase of construction in…
January 30, 2019 saw the completion of concrete works for the Unit No. 1 of Rooppur NPP (Bangladesh) turbine hall foundation slab. The slab structure received 3813 tonnes of rebars and 24,285 cubic meters of concrete. This will be followed by wall erection works for the Unit No. 1 reactor building and auxiliary reactor compartment.…
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…
A new contract sales high of RUB 93 bln with a total of over one million sqm in 2018 reflecting a strengthened competitive position and balanced portfolio St. Petersburg, Russia – 28 January 2019 – PJSC LSR Group (“LSR” or the “Company”) (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and…
PJSC LSR Group (“LSR” or the “Company”) (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, today announces that it has made the seventh coupon payment on its non-convertible interest-bearing certified exchange-traded Series 001P-02 bonds. A payment of RUB 120,300,000 has been made to the bearer with…
Polymetal International plc has been contacted by Public Joint Stock Company Bank Otkritie Financial Corporation (“Otkritie”), a shareholder having 6.93% shares in the issued capital of the Company, indicating that it would like to propose a director for appointment to the Board of Polymetal. The directors have considered Otkritie’s intention and believe it to be…
Miratorg increased feedstuff production by 4.7% to 1.53 million tons in 2018 Belgorod, January 29 – «Miratorg», the largest vertically integrated agricultural holding in Russia, reports increase in feedstuff production by 4.7% to 1.53 million tons in 2018 year on year. The company has already invested over 7.6 billion rubles to build from the scratch…
Paris, France – Andrey Guryev, member of the Commission of the Russian Federation for UNESCO and CEO of PhosAgro, one of the world’s leading producers of phosphate-based fertilizers, took part in the official opening ceremony of the International Year of the Periodic Table held today at UNESCO headquarters in Paris, which took place with PhosAgro’s support.…
Background OMV AG is Gazprom’s main partner in Austria. The companies cooperate in gas production, transportation and supplies. Since 2017, OMV has been partnering with Gazprom in the Yuzhno-Russkoye oil, gas and condensate field development. 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. In November 2018, an Amendment to the contract on gas supplies to Austria…
First Russian-made experimental nuclear fuel assemblies based on accident-tolerant fuel (ATF) have been loaded for testing into the water loops of MIR research reactor at the State Research Institute of Atomic Reactors in Dimitrovgrad, Ulyanovsk Region. This work is a part of the project of TVEL Fuel Company of ROSATOM to develop Russian accident tolerant…
Investment in Russia’s commercial real estate reportedly hit six-year highs last year in a sign of the once-booming market’s recovery from geopolitical tensions. Foreign investment in Russian real estate took off in the 2000’s to reach 62 percent of all investment in the market between 2004 and 2008. Investment sentiment suffered after 2014 with Western…