Economy: page 3

Moscow. In the first half of 2018 LUKOIL Group's hydrocarbon production excluding West Qurna-2 project was 2, 287 thousand boe per day, which is 3. 2% higher year-on-year. The increase was driven by the development of gas projects. In the second quarter of 2018 production was 2, 289 ...

Atyrau. Tengiz oilfield in Atyrau region, operated by TengizChevroil LLP, produced 14. 7 million tons (117. 3 mln barrels) of crude oil in the first six months of 2018. About it reports Kazinform. In the first half of the year, TCO sold 704, 000 tons of liquid gas, 3. 9 billion cu m ...

Shanghai/Beijing. China’s commerce ministry said a U. S. decision to subsidize renewable energy firms and impose tariffs on imported products has seriously distorted the global market and harmed China’s interests, firing the latest shot in a broader trade conflict. China has ...

Kazan. On 13 August 2018 the Board of Directors of PJSC Tatneft by absentee voting resolved to convene an extraordinary general meeting of shareholders with the agenda to approve the dividends based on the results of the first half of 2018 and the procedure for the payment thereof, and issued a ...

Moscow. Cheniere Energy, Inc. (“Cheniere”) has announced that its subsidiary Cheniere Marketing International LLP (“Cheniere Marketing”) has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with CPC Corporation, ...

Moscow. Zarubezhneft JSC publishes the Report on Sustainable Development according to the results of 2017. The report was prepared by the Company taking into account the recommendations of the Global Reporting Initiative (GRI) and is dedicated to reviewing the economic, production and social ...

Moscow. The dollar rose by 44 kopecks to 67. 09 rubles on the Moscow Exchange on Friday. The last time the dollar surpassed 67 rubles on August 3, 2016. Despite the weakening of the ruble against the dollar, the euro exchange rate declined 6 kopecks to 76. 88 rubles. At the same ...

Moscow. PAO NOVATEK announced that Yamal LNG has launched the second LNG train and dispatched the first cargo from this unit. The second LNG train commissioned six months ahead of its original schedule, and combined with the first LNG train launch in December 2017, has achieved the ...

Moscow. Rosneft says that net income attributable to its shareholders reached RUB 309 bln in H1’2018. It's on4 times as much as in H1’2017. Q 2018 EBITDA growth by 46. 8% up to RUB 565 bln with EBITDA margin improving to 26. 9% 2Q 2018 Net Income jumped by more than 2. ...

Moscow. Adjusted net profit of Russian aluminum producer Rusal in the second quarter of 2018 decreased 31% in comparison with the first quarter and amounted to $218 mln, the company said in its interim report. In comparison with the second quarter of 2017, the adjusted net profit grew by ...

Almetyevsk. Enterprises of TATNEFT Croup of Companies produced 2, 511 thousand tonnes of crude oil in July 2018, while the production volume for seven Months amounted to 16, 795 thousand tonnes, with the production of PJSC TATNEFT accounting for the production of 2, 843 thousand tonnes with the ...

Baku, Azerbaijan. Construction of a new SOCAR petrochemical complex in Turkey has been scheduled for June 2019. This was reported in the press service of SOCAR of Turkey Enerji. It is planned to complete a feasibility study of the project by April 2019 in order to start construction by ...

In the beginning of July Brent prices began to retreat from June’s maximums, in the middle of the month the descend facilitated and reached 8. 5% (pic. 1). After the price reached $72 it bounced back up. The month’ trading closed at $74. 31, in the beginning of August the bears won ...

Moscow. In line with strategic initiatives announced by Rosneft on April 25, 2018, the Board of Directors of Rosneft Oil Company approved the terms and launch of the open market share buyback program, which would also cover the holders of depositary receipts, in the amount of up to US$2bn ...

Rio de Janeiro. Petrobras reported net income of R$ 17 billion in the first half of 2018. The positive result was mainly influenced by the increase in international oil prices, associated with the depreciation of the Brazilian Real against the US dollar. In the same period, net debt fell 13% ...

London. World stocks drifted lower on Friday as the latest exchange of trade threats between the United States and China dampened risk appetite. At the same time, Italian bonds and shares in the country's banks were sold out on the grounds of renewed government tension in Rome. The MSCI ...

Moscow. Rosneft Oil Company and Grupa Lotos SA signed an oil supply contract to Poland. The agreement is valid until the end of 2020, while the supply volume in this period will be from 6. 4 to 12. 6 million tons. The agreement with Grupa Lotos proves the quality of Rosneft’s ...

Moscow. NOVATEK announces that FTSE Russell reconfirms that NOVATEK remains a constituent of the FTSE4Good Index following their June 2018 index review. The FTSE4Good Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) ...