TSHD Yury Maslyukov Joins Rosmorport Fleet

13/2/2020

New trailing suction hopper dredger named Yury Maslyukov, built by Karelia-based Onezhsky Shipyard under the design of Damen shipbuilding group, recently joined the FSUE Rosmorport fleet. According to the Russian company, TSHD Yury Maslyukov has arrived to the port of Kaliningrad entering the company’s fleet. The newbuild came to Kaliningrad from Big Port St. Petersburg where it was prepared for dredging operations in the seaway canal of Kaliningrad with the planned scope of dredging exceeding 600,000 cbm of material. TSHD Yury Maslyukov is a modern, powerful and economically efficient dredger with a hold capacity of 2,000 cbm. The vessel design is a product combining recent technological solutions and experience of accumulated while operating earlier built ships. Rosmorport also added that two earlier built ships of TSHD-2000 design, the TSHD Severnaya Dvina and TSHD Beloye Morye, have been working in Kaliningrad from November 2019. Since that time they have dredged more than 146,900 cbm of material. This spring, the company’s dredging fleet will be expanded with another self-propelled suction dredger named Kronshlot. In 2020, the scope of dredging works on the seaway canal will exceed 1.3 million cbm.

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Results of auction for placement of the Russian Federation government bonds on February 12 2020

12/2/2020

Moscow Exchange

Parameters of issue # 26230RMFS:

Maturity date: 16 March 2039.

Aggregate demand at par: 71005.049 mln. RUR.

Placed value at par: 58447.200 mln. RUR.

Minimal accepted price: 115.5760 %.

Yield at minimal accepted price: 6.3800 % per annum.

Weighted average price: 115.6793 %.

Yield at weighted average price: 6.3800 % per annum.

https://moex.com/n26900

A3 provide power grids with our smarter technologies & interested in meeting with the UK energy distributors

11/2/2020

A3 provide power grids with our smarter technologies & interested in meeting with the UK energy distributors

We are full cycle cooperation aimed to provide power grids with our smarter technologies. A3 group brings together companies experienced in research, development, manufacture and shipping of top-class solutions for energy industry. Our research is based on the best energy institutes knowledge. We have 25 years’ experience in developing innovative technologies for next generation solutions. We always look to the future!

Our solutions help to increase resource companies’ power grids reliability where every minute of equipment downtime bears considerable losses. We have already implemented our systems in the oil, gas and gold mining companies. Modern resource processing enterprises, for example, steel factories and refineries with its own power grids, also use our equipment for transformer substations and cable lines monitoring.

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Meeting with Rosneft CEO Igor Sechin

11/2/2020

Vladimir Putin had a working meeting with Rosneft CEO Igor Sechin to discuss the company’s performance in 2019 and future development areas.

During a meeting with Rosneft CEO Igor Sechin.

President of Russia Vladimir Putin: Mr Sechin, would you like to report on last year’s performance? Shall we begin with that?

Rosneft CEO Igor Sechin: Mr Putin, 2019 was a positive year for the company. Despite the deteriorating international situation and a certain decrease in oil prices – by about 7 percent – the results of our operation remain positive.

In 2019, hydrocarbon production remained at the level of the previous year, 285.5 million tonnes of oil equivalent. The average daily production amounted to 5.8 million barrels per day. This is a good result, one of the best in the global industry.

In 2019, almost 3,000 linear kilometres of 2D seismic surveying was carried out and 11,300 square kilometres of 3D surveying, which is 12.3 percent more than in the previous year.

According to current estimates, the testing of 144 exploration wells will be completed on land with a success rate of almost 90 percent.

Last year, the volume of oil and gas condensate processing amounted to110 million tonnes, including over 10 million tonnes at the company’s international oil refineries, fully covering the demand on the domestic market and fulfilling the company’s responsibilities.

Cooperation with the final consumers continues, long-term contracts have been extended to deliver oil via the Druzhba pipeline in the direction of Poland and the Czech Republic, including Germany.

We have even increased our share in Bayernoil, a plant in Bavaria. We have supplied 83 million tonnes of oil to Germany since 2016, which accounts for 25 percent of their total oil imports.

In 2019, the retail sale of motor fuels was about six percent higher than in 2018, which means the recommendations on how to preserve stability on the domestic market were fully met, even a bit more than that.

Increasing operational efficiency is the company’s permanent focus. Relative indicators remain the key areas of our attention.

At the end of 2019, production costs amounted to $3.2 per barrel of oil equivalent, which is the most competitive figure in the world.

Vladimir Putin: Are production expenses decreasing?

Igor Sechin: They are the lowest among public [oil] companies.

Vladimir Putin: And the reserves?

Igor Sechin: The reserves are also number one among public companies.

Vladimir Putin: Have they grown over the recent years?

Igor Sechin: The replenishment of reserves is proceeding at a fast pace of about 180 percent of accumulated production.

Vladimir Putin: Speaking of production, despite our agreements within OPEC+, your production has increased, hasn’t it?

Igor Sechin: Mr President, it remained at the level of 2018. We did follow the OPEC+ restrictions, and it somewhat hampered production growth. But it affected prices on the market.

As we expected, investment totalled almost one trillion rubles in 2019. The company retains its leading position in terms of specific capital investment in oil and gas production.

Despite the investment programme, we ensured the highest level of dividend payout for 2019, some 283 million rubles. According to preliminary estimates, for 2019 we will pay some 3.6 trillion rubles directly into the tax system, the country’s budget.

Vladimir Putin: You are our biggest taxpayer…

Igor Sechin: We are honoured to maintain this level. It is a bit lower than last year, but, as I said, the macroeconomic conditions have affected the situation: oil prices dropped by 7 percent on global markets over the year, and the additional restrictions that you mentioned also affected us. But overall, we are maintaining the same level.

Vladimir Putin: Tell me about Vostok Oil, please.

Igor Sechin: Mr President, we had instructions to ensure cargo shipping along the Northern Sea Route as part of the implementation of national projects. To that end, our company and its partners are currently forming a new oil and gas province in the country’s north, on Taimyr Peninsula, which has great resource potential. The project is called Vostok Oil. At the moment, Mr President, the resource potential is over five billion tonnes of oil.

The total amount of investment for the entire period will be over ten trillion rubles; some two trillion rubles will be allocated at the first stage of the project.

Vladimir Putin: Is this North of the Vankor field?

Igor Sechin: 400 kilometres directly north of Vankor. There will be two large fields, the Payakhskoye and the Zapadno-Irkinskoye fields.

In all, the project features the creation of 15 towns to house oilfield workers; two airports; a sea port; 800 kilometres of line pipes; 7,000 kilometres of infield pipes; 3,500 kilometres of electrical lines; 2,000 MW of electric power; and 100,000 new jobs. The implementation of the project will boost the country’s annual GDP by 2 percent.

According to calculations by the Institute of National Economy Forecasting of the Russian Academy of Sciences, the services’ and goods’ purchasing synergy will have a coefficient of 9.3 for each ruble invested in the project. It would allow us to carry out a major stable project in the global sector that will influence world markets.

We are currently working with Indian companies; they are showing interest in the project. There are also some other Western investors. We believe Vostok Oil can become a large-scale international project.

Vladimir Putin: What was the total investment you said?

Igor Sechin: About ten trillion rubles, maybe more.

Vladimir Putin: And as a result about two percent GDP?

Igor Sechin: It will increase the country’s GDP by two percent every year.

Vladimir Putin: Mr Sechin, the project is ambitious and promising. It will facilitate GDP growth, increase shipping along the Northern Sea Route, and, of course, it will strengthen Russia’s position in the Arctic in general. I wish you success. You only need to make accurate calculations.

Igor Sechin: Mr President, we will keep working, and we are counting on your support for this project.

<…>

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Bank of Russia bonds auction results (2)

11/2/2020

Moscow Exchange

Parameters of issue # 4-29-22BR1-9:

BuyBack date: 15 April 2020.

Aggregate demand at par: 5240.180 mln. RUR.

Placed value at par: 5240.180 mln. RUR.

Minimal accepted price: 100.0000 %.

Yield at minimal accepted price: 5.9600 % per annum.

Weighted average price: 100.0004 %.

Yield at weighted average price: 5.9500 % per annum.

https://moex.com/n26888

Installation of capital equipment for a new primary crude refining complex is now complete at the Gazprom Neft Omsk Refinery

10/2/2020

Installation of technological capital equipment at the construction site for a new primary crude refining complex at the Gazprom Neft Omsk Refinery is now complete. This project is one of the key initiatives being undertaken as part of the second phase of the Omsk Refinery development programme being undertaken by Gazprom Neft since 2008. Construction of the complex is also part of the master plan for the federal “Clean Air” project, part of the national “Ecology” project. Following the commissioning of the new complex, overall environmental impacts arising from production are due to see a further reduction as a result of six obsolete units being decommissioned. Construction of the primary crude refining complex which will have a production capacity of 8.4 million tonnes of oil per year, is expected to be complete by 2021. Total investment in the project is expected to exceed RUB50 billion.

[/upload/medialibrary/858/070220.jpg]

The atmospheric- and vacuum-oil-refining columns installed, which have a total weight of 1,200 tonnes, were produced by domestic manufacturers Volgogradneftemash and AEM-technology. Both installations facilitate the separation of oil into fractions for the subsequent production of oil products. Construction of all foundations and reinforced concrete structures has been completed thus far, with work undertaken for underground services and utilities to be installed at the site. Installation of pipelines and automated control systems remains ongoing.

«This new primary crude refining facility is set to become the most cutting-edge complex of its kind in Russia. A number of breakthrough environmental solutions have been applied on this project — including in the ongoing monitoring of environmental impacts. The ‘closed-loop’ system envisaged for equipment drainage on this project will allow recoverable oil products to be sent for recycling».

Oleg Belyavsky CEO of the Gazprom Neft Omsk Refinery

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Ректоры медицинских и фармацевтических вузов России обсудили вопросы реализации Послания Президента Российской Федерации Федеральному

8/2/2020

Министр здравоохранения Российской Федерации Михаил Мурашко принял участие в заседании общего собрания Ассоциации «Совет ректоров медицинских и фармацевтических высших учебных заведений». Одной из ключевых тем...

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Gazpromneft-Vostok improves environmental friendliness in production

7/2/2020

Gazpromneft-Vostok has commissioned a new gas-transmission system at the Urmano-Archinskaya group of fields at the Yuzhno-Pudinsky license block in the Tomsk Oblast.* Implementing this project has facilitated a four-fold increase in commercial-gas delivery volumes, as well as increasing overall associated petroleum gas (APG) utilisation to 95 percent.

https://ift.tt/2UzB1Yc https://ift.tt/2S7svyg

Amendments to the list of goods subject to mandatory labeling

7/2/2020

Order of February 6, 2020 No. 216-r.

https://ift.tt/379gHj4

Online cinema Start attracted funding from Megafon

7/2/2020

The online cinema Start attracted financing from Megafon in the form of an investment loan. The operator received a part of the shares in the company as a pledge, Kommersant writes.

https://ift.tt/2UxiQ5u

Moscow will introduce a special regime for the development of artificial intelligence

7/2/2020

From July 1, Moscow will introduce an experimental legal regime for testing artificial intelligence (AI). This is reported by RBC with reference to the text of the bill. According to the source of the publication, the bill was developed by State Duma deputy chairman Alexander Zhukov and deputy Irina Belykh, and they will submit it for consideration in the coming days.

https://ift.tt/2urK5Uu

"Chocolate Girl" has replaced the CEO for the fourth time since 2014

7/2/2020

Oleg Podgorny, former top manager of the furniture factory "Maria" and the agricultural holding "Solar Products", became the new general director of the group of companies "Chocolate". He took office in December 2019, RBC reports with reference to the company.

https://ift.tt/374iZA8

News 2020.02.07

7/2/2020

Volga Trader curates Russian language business news from original sources

Daily business news from Russia, Volga Trader

Special software for the formation and maintenance of a schedule for the procurement of goods work services of public institutions in the State Institute of Information Technology Electronic Budget

3/2/2020

Version: 2020.01_2020_2022 © The official site of the Ministry of Finance of Russia

https://ift.tt/2RR0jPV

The Ministry of Construction of Russia approved the code of rules High-rise buildings and complexes. Fire Safety Requirements "

3/2/2020

The Ministry of Construction of Russia approved the code of rules “High-rise buildings and complexes. Fire Safety Requirements ”, which establishes fire safety requirements for the design and construction of high-rise buildings and complexes in one regulatory technical document, said the head of the Russian Ministry of Construction Vladimir Yakushev.

https://ift.tt/380f3Sk

Sausage rocket and pepper shaker: what we do not know about car companies (Izvestia)

3/2/2020

Volkswagen called its products most in demand over the past 2019. Oddly enough, the main bestseller of the German concern was by no means the Golf hatchback or even the car, but ... the traditional German sausage "currywurst". Since the 1970s, Volkswagen has been manufacturing various meat products at its Wolfsburg factory. Sausages are mainly consumed by company employees, but also go to retail. Izvestia will tell you what other non-automotive products the global auto companies have.

https://ift.tt/2RRACyv

"Agro-culture of groups" collected the first 0.7 thousand tons of strawberries in Kashira near Moscow - Agroinvestor

3/2/2020

Strawberries grown on 0.4 hectares in a new greenhouse complex

https://ift.tt/394M93c

"Snail garden" harvested the first harvest of grape snails

3/2/2020

Harvested from an experimental site in the Stavropol Territory

https://ift.tt/2GQC121

"Garden - Giant Ingushetia" plans to increase apple production by 2023 - Agroinvestor

3/2/2020

Production will increase from 24.26 thousand tons collected in the year ended to 55-60 thousand tons, TASS reported with reference to the company's general director Zamir Balkizov

https://ift.tt/31mGOBH

The Commonwealth Protein will invest 2.8 billion rubles. in the construction of a plant for the production of protein concentrates

3/2/2020

The company will invest more than 2.8 & nbsp; billion & nbsp; rubles until 2024. in the construction of a plant for the production of protein concentrates in the Special Economic Zone (SEZ) in the Kaliningrad Region, the regional government said

https://ift.tt/2uZBIiG

The law on viticulture and winemaking adopted - Agroinvestor

3/2/2020

The State Duma at the final plenary meeting of the autumn session adopted in the second and third readings the law on viticulture and winemaking

https://ift.tt/37Ozn8W

In Russia the rules for subsidizing the transport of agricultural products have changed

3/2/2020

The government has changed the rules for subsidizing the transport of agricultural products and food

https://ift.tt/31quJeX

The government approved a single subsidy for equipment leasing - Agroinvestor

3/2/2020

Prime Minister Dmitry Medvedev signed a decree establishing subsidies from the federal budget to stimulate demand and increase the competitiveness of Russian industrial products

https://ift.tt/2OnR0Vw

A state program for the involvement of agricultural land in circulation has been developed

3/2/2020

The Ministry of Agriculture has developed a state program for the effective involvement of agricultural land in the circulation and development of the reclamation complex

https://ift.tt/36NE0yF

The Green One for Russian agricultural products. Food with improved environmental characteristics will be produced under a special brand name - Agroinvestor

2/2/2020

To create a "Green Standard" for "clean" agricultural products, Russian President Vladimir Putin instructed the government at the beginning of last year. In the summer, the draft federal law “On Organic Agriculture, Raw Materials and Food” was developed in the country, and by the end of 2019 a “green” brand appeared. According to state plans, new solutions will increase demand for Russian food in foreign markets

https://ift.tt/3b54DTf

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This section shows selected headlines translated into English for news stories about investment and trade focussing on company activity. Most of our stories are from original Russian PR releases or the trade press.

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