Category Archives: Business

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…

Rosenergoatom has obtained a license from Rostechnadzor to operate the decommissioned Bilibino-1 in its new capacity

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…

Deputy Director General of ROSATOM Nikolai Spasskiy had a meeting with Deputy Director General of the IAEA Juan Carlos Lentijo

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…

Rosatomflot’s icebreakers steered 331 ships of 12.7 mln ton total capacity in 2018

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…

Rosatomflot’s icebreakers steered 331 ships of 12.7 mln ton total capacity in 2018

End of concrete works for the Unit No. 1 turbine hall foundation slab and of soil stabilization works at the Rooppur NPP site (Bangladesh)

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.…

Zohr Gas Output Exceeds 12 bcm in 2018

BusinessBy admin January 30, 2019

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.…

Alexey Miller and Moldova’s President Igor Dodon review ongoing and future cooperation in gas sector

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…

LSR Group Reports 4Q and 12M 2018 Operating Results

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…

LSR Group makes seventh coupon payment on its Series 001P-02 bonds

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.

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

BusinessBy admin January 29, 2019

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…

PhosAgro Delegation Headed by CEO Andrey Guryev Takes Part in Opening Ceremony at UNESCO Headquarters to Launch International Year of the Periodic Table

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.…

Gazprom and OMV discuss relevant cooperation issues

BusinessBy admin January 28, 2019

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…

ROSATOM Starts Testing of Accident Tolerant Fuels for Light Water Reactors

BusinessBy admin January 28, 2019

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…

Foreign Investment in Russian Real Estate Highest Since 2012, Report Says

BusinessBy admin January 25, 2019

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…

TVEL to supply fuel pellets for Tarapur NPP in India

BusinessBy admin January 25, 2019

TVEL Fuel company of ROSATOM and the Department of Atomic Energy of the Government of India signed the contract for supplies of uranium fuel pellets for the units of Tarapur NPP powered by BWR reactors. According to the contract, in 2019, several tons of the pellets produced by Machine-building Plant (MSZ JSC), a fabrication facility…

TVEL to supply fuel pellets for Tarapur NPP (India)

BusinessBy admin January 25, 2019

TVEL Fuel company of ROSATOM and the Department of Atomic Energy of the Government of India signed the contract for supplies of uranium fuel pellets for the units of Tarapur NPP powered by BWR reactors. According to the contract, in 2019, several dozen tons of the pellets produced by Machine-building Plant (MSZ JSC), a fabrication…

Gazprom actively working to expand gas infrastructure in Sakhalin Region

BusinessBy admin January 24, 2019

Release January 24, 2019, 17:10 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Valery Limarenko, Acting Governor of the Sakhalin Region, took place in St. Petersburg today. The parties reviewed the implementation of the Cooperation Agreement, noting the strategic nature of interactions between Gazprom and the Government of the Sakhalin Region. As part of the Eastern Gas Program, the Company is developing…

PhosAgro CEO Andrey Guryev Takes Part in Panel Session on ‘Russian Economic Outlook’ at the World Economic Forum in Davos

BusinessBy admin January 24, 2019

Davos – Andrey Guryev, President of the Russian Association of Fertilizer Producers and CEO of PhosAgro, one of the world’s largest producers of phosphate-based fertilizers, took part in a panel session called ‘The Russian Economic Outlook’, which took place at Russia House as part of the business programme at the 49th Annual Meeting of the…

PhosAgro EGM Approves Dividends

BusinessBy admin January 23, 2019

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces that an Extraordinary General Meeting of shareholders (“EGM”) has approved the payment of dividends in the amount of RUB 9,324 million, or RUB 72 per share (RUB 24 per Global Depositary Receipt), from the Company’s undistributed net…

ROSATOM has completed the nuclear infrastructure assessment project in Zambia

On the 21st of December 2018 ROSATOM handed over the final report on the assessment of nuclear infrastructure in the Republic of Zambia to Minister of Higher Education of the country, Professor Nkandu Luo and Secretary to the Cabinet Ph.D. Roland Msiska. The report was handed over under the contract for assessment and development of…

Report on the results of voting at the extraordinary general meeting of shareholders of PJSC PhosAgro

Information on cookies This website is using cookies and other web-technologies to help provide you with the best browsing experience that would suit your preferences. Cookies also help us gather statistics that show how the website is being used and how it can be improved in terms of content and structure.By continuing to browse www.phosagro.com,…

PhosAgro and Ma’aden discuss issues of ensuring global food security through the use of environmentally friendly fertilizers

Moscow – Two of the world’s leading producers of phosphate-based fertilizers, Russia’s PhosAgro and Saudi Arabia’s Ma’aden, discussed prospects for cooperation on key issues related to the sustainable development of the mineral fertilizer industry and on meeting the needs of the agriculture industry for high-quality phosphate-based fertilizers with low levels of potentially-harmful heavy metals, and…

Gazprom and Mitsui discuss Sakhalin II and Baltic LNG

BusinessBy admin January 21, 2019

Background Japan’s Mitsui & Co., Ltd. (Mitsui) is one of the world’s most diversified corporations. Its major business areas include the marketing of, and investing in, oil and gas production and processing, as well as energy infrastructure development. Gazprom and Mitsui are partners in the Sakhalin II project, which includes Russia’s first LNG plant. The Sakhalin II operator is Sakhalin Energy Investment Company…

PhosAgro CEO Andrey Guryev to Participate in World Economic Forum in Davos

Moscow – Andrey Guryev, President of the Russian Association of Fertilizer Producers and CEO of PhosAgro, one of the world’s largest phosphate-based fertilizer producers, will participate in the World Economic Forum’s 49th Annual Meeting on 22–25 January 2019 in Davos, Switzerland. The Russian government delegation to the World Economic Forum will be headed by the…

Charity hockey match held as part of United Future: Good to Children program

BusinessBy admin January 21, 2019

Background Gazprom Dobycha Urengoy, a wholly-owned subsidiary of Gazprom, was set up to develop the Urengoyskoye oil, gas and condensate field, one of the largest in the world. Its production infrastructure consists of 22 comprehensive gas treatment units, two oil production sites, 20 booster compressor stations, five gas cooling stations, more than 2,800 production wells, two compressor stations for the utilization of associated petroleum gas, and a pump station for…

Nayara Energy to Enter Indian Petrochemical Market in 2022

BusinessBy admin January 21, 2019

Nayara Energy Limited, 49.13% of which is held by Rosneft Oil Company, works on a milestone development programme for its Vadinar refinery. The first stage involves the organization of production of petrochemical products and a foray into Indian petrochemical market. The first phase of the Vadinar refinery development programme includes construction of new units to…

PhosAgro joins UN Global Compact, expanding its engagement with the UN on corporate social responsibility and sustainable development

BusinessBy admin January 18, 2019

Moscow – PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, has joined the United Nations Global Compact. Launched in 2000, the Global Compact is the UN’s largest international initiative for business in the areas of corporate social responsibility and sustainable development. Since its establishment, more than 13,000 companies…

Severstal reports Q4 & FY2018 operatioal results

January 18, 2019 Q4 2018 GROUP HIGHLIGHTS Hot metal output decreased 3% q/q in Q4 2018 to 2.23 mln tonnes (Q3 2018: 2.31 mln tonnes), due to BF#2 short-term maintenance works. Crude steel production declined by 4% to 2.94 mln tonnes (Q3 2018: 3.06 mln tonnes) reflecting a decrease in pig iron production and seasonal…

Denis Vasyukov put in charge of Gazprom Transgaz Krasnodar

Release January 17, 2019, 21:10 Denis Vasyukov has been appointed Director General of Gazprom Transgaz Krasnodar. Denis Vasyukov was born in 1977 in Kemerovo. He graduated from Tomsk Polytechnic University, majoring in Machine-Building Technologies. He has an MBA. He has been employed with Gazprom for over 16 years. Between 2002 and 2010, he rose through the ranks from Dispatcher to Chief Engineer – First Deputy Director of the Yurginskoye…

Russia and Serbia sign a package of agreements on cooperation in nuclear energy use for peaceful purposes

On January 17, 2019, during the visit of the Russian Federation President Vladimir Putin to the Republic of Serbia, a package of agreements was signed in Belgrade. It creates a legal foundation for the practical implementation of joint projects in the field of nuclear energy use for peaceful purposes: an intergovernmental agreement on cooperation in…

Memorandum signed to expand Banatski Dvor underground gas storage facility in Serbia