Financials and Investment News in Russia
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10/20/2011 - The Russian economy grew by 3.4% on an annual basis in 2Q11, down from 4.1% in 1Q11. The slowdown has been attributed to the global financial turmoil. Although industrial output growth has also declin... |
| 10/11/2011 - Total FSU oil production is foreseen to increase by 0.10 mb/d in 2011 and average 13.32 mb/d, indicating a downward revision of 20 tb/d from the previous month. The forecast experienced a few upward a... |
| 7/12/2011 - In the first six months of 2011 TNK-BP has invested over 2.3 billion Rubles to refurbish and upgrade production facilities at the Saratov Refinery and it intends to bring these investments up to 7.5 b... |
| 6/16/2011 - Annual growth in oil demand could average 1.2 million barrels per day (mb/d) between now and 2016, while natural gas demand could grow by around 500 billion cubic meters – around 2.5 times Russia’s cu... |
| 7/23/2010 - Russia will raise the mineral extraction tax on gas by 61 percent from January 1 and increase export tariffs on copper, nickel and oil products to add billions to state coffers, the Finance Ministry s... |
| 5/28/2010 - PetroNeft Resources plc, owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on bank financing. ... |
| 5/17/2010 - Rosneft published its consolidated financial results under US GAAP for Q1 2010. In Q1 2010, Rosneft’s revenues increased by 78.6% year-on-year, to USD 14,761 mln. The increase was due to higher crude ... |
| 4/27/2010 - TNK-BP reported its results for the first three months ended 31 March of 2010 (US$ millions unless otherwise stated).
Commenting on the results, Mikhail Fridman, interim Chief Executive Officer of TN... |
| 4/16/2010 - Russia will demand a starting price of around $500 million when it auctions the strategic Trebs and Titov oil and gas fields in the Arctic north, Natural Resources Minister Yuri Trutnev said. ... |
| 4/15/2010 - There have been media reports stating that project costs for the Nord Stream Pipeline have increased from 7.4 billion to 8.8 billion euros. This is not true. ... |
| 3/24/2010 - LUKOIL publishes consolidated US GAAP financial accounts for 2009. The Company’s net income before one-off impairment losses (including impairment loss for Anaran project in Iran, which was abandoned ... |
| 3/16/2010 - Nord Stream together with its shareholders in the consortium, Gazprom, BASF/Wintershall GmbH, E.ON Ruhrgas AG and N.V. Nederlandse Gasunie announced the successful signing of Phase I financing of the ... |
| 3/1/2010 - TNK-BP reported its results for the fourth quarter and twelve months ended 31 December 2009 (US$ millions unless otherwise stated). ... |
| 11/25/2009 - Matra is pleased to announce a placing of 66,666,667 new ordinary shares at 3p per share (the “Placing Shares”) to raise £2 million, before expenses (the “Placing”). The Placing was significantly over... |
| 11/25/2009 - In Q3 2009 Rosneft’s revenues increased by 19.2% quarter-on-quarter, to USD 13,048 mln. The increase was due to higher crude oil and petroleum product prices, growth of crude oil production volumes an... |
| 9/9/2009 - JSC Gazprom Neft published consolidated financial statements for the second quarter and for the first six months of 2009 drawn up in compliance with US GAAP standards at the official site of the Compa... |
| 8/28/2009 - LUKOIL publishes consolidated US GAAP financial accounts for the second quarter and first half of 2009. The Company’s net income was $3,229 million in the first half of 2009, including $2,324 million ... |
| 6/23/2009 - OAO LUKOIL has completed the stock exchange bond offering of the BO-18, BO-19, BO-20 series, each worth RUR 5 billion. The bonds, placed at MICEX, will mature in 364 days. ... |
| 6/3/2009 - LUKOIL publishes consolidated US GAAP financial accounts for the first quarter of 2009. ... |
| 5/21/2009 - TNK-BP today reported its results for the three months ended March 31st 2009. Commenting on the results, Tim Summers, Chief Executive Officer of TNK-BP, said: This is a strong performance, despite a v... |
