Financials and Investment News in Russia

Overdue Gas Debt of Russian Consumers Shows Slower Growth
3/28/2017 - The Gazprom Board of Directors reviewed the information about the strengthening of the financial discipline with regard to domestic gas supplies and about the Company's efforts aimed at addressing gas...
Gazprom & Vnesheconombank Discuss Cooperation Issues
3/21/2017 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Gorkov, Chairman of Vnesheconombank, took place at the Gazprom headquarters today. The parties discuss...
Board of Directors Reviews Cost Optimization Options for 2017
3/1/2017 - The Gazprom Board of Directors took note of the information about Gazprom Group’s cost optimization (reduction) options for 2017. It was underscored that throughout the current year the Company would ...
Lukoil & World Wildlife Fund Sign Roadmap For 2017
2/22/2017 - LUKOIL and the World Wildlife Fund (WWF) have approved a joint plan of actions for 2017, as part of a cooperation agreement. The roadmap was signed by Gleb Ovsyannikov, Head of Public Relations at LUK...
Rosneft's Volga Refineries in Limbo Over Tax Reform & Low Oil Prices
2/10/2017 - Some of the domestic refineries of Russia's largest oil producer Rosneft have been hit hard by tax reforms and weaker oil prices, putting a strain on profits, sources and analysts told Reuters on Frid...
Russia Spare Asia Oil Supply Cuts in Fight to Hold Market Share
2/2/2017 - OPEC and non-OPEC producer Russia are shielding Asia from supply cuts agreed in a landmark deal last year as they fight to protect their share of the world's biggest and fastest growing oil market. ...
Lukoil to Finance Restoration of the Alexandrov Company
12/27/2016 - LUKOIL will provide financial support to restore the A.V. Alexandrov Song and Dance Company of the Russian Armed Forces. ...
Yamal LNG Signed Loan Agreement with JBIC
12/16/2016 - Today, taking the opportunity of the meeting between the President of Russian Federation Vladimir Putin and the Prime Minister of Japan Shinzo Abe, OAO Yamal LNG (“Yamal LNG”) signed a credit line fac...
Gazprom Signs EUR 800 million Credit Facility Agreement
12/13/2016 - Gazprom, Japan's Mizuho Bank and Sumitomo Mitsui Banking Corp (SMBC), and U.S.-based J.P. Morgan have signed a four-year EUR 800 million Facility Agreement. It was noted that the signing of the Agreem...
Mizuho Bank, SMBC & J.P. Morgan to Provide EUR 800 million Credit Facility to Gazprom
12/12/2016 - Gazprom, Japan's Mizuho Bank, Ltd. (Mizuho) and Sumitomo Mitsui Banking Corporation (SMBC), and U.S.-based JPMorgan Chase Bank, N.A. (J.P. Morgan) signed a four-year EUR 800 million Facility Agreement...
Russia's Yamal LNG Gets 750 Mln Euros in Credit Line from Intesa
12/12/2016 - Russia's Yamal LNG project, which aims to start producing liquefied natural gas next year, said on Monday it had obtained a 14.5-year credit line worth 750 million euros ($796 million)from Intesa Sanp...
Gazprom in Talks with Japanese Banks about Raising 800 million Euros
12/4/2016 - Russian gas giant Gazprom is working on a deal under which Japanese banks would provide it with financing worth 800 million euros ($851.28 million), two sources familiar with the discussions told Reut...
NOVATEK Negotiating Over 1 billion Euros in Yamal LNG Financing
11/26/2016 - Russian gas producer NOVATEK is negotiating borrowing more than 1 billion euros ($1.06 billion) for its Yamal project from European and Japanese lenders, NOVATEK's chief executive said in an interview...
Rosneft Approves $17 Billion Domestic Bond Programme
11/24/2016 - Russia's largest oil producer Rosneft is to return to the country's domestic bond market after a two-year absence with a programme worth 1.071 trillion roubles ($16.6 billion), the company said. ...
Rosneft Has Cash for Deals Despite Profit Fall
11/13/2016 - Russia's top oil producer Rosneft reported strong cashflow on Friday, strengthening its position for a continuing acquisition drive despite a worse than expected 77 percent decline in third-quarter ne...
The Issuance of US $1,000,000,000 of Eurobonds Completed
11/2/2016 - PJSC "LUKOIL" announces the completion of the issuance of US$1,000,000,000 of Rule 144A/Regulation S notes. The offering consists of 10-year notes with a coupon of 4.750% per annum. The notes have bee...
Gazprom Board of Directors Approves Adjusted Investment Program & Budget for 2016
10/18/2016 - The Gazprom Board of Directors approved the adjusted Investment Program, budget (financial plan), and cost optimization (reduction) program for 2016. ...
Gazprom Neft Successfully Completes Placement of RUB15 billion Exchange Traded Bonds
8/24/2016 - Gazprom Neft has successfully completed the book-building of series BO-01 and BO-04 exchange-traded bonds with a total nominal value of RUB15 billion, a maturity of 30 years, and a semi-annual coupon ...
Rosneft has Paid off Eurobonds to the Amount of $ 1 bln
7/27/2016 - Rosneft Finance S.A. (Rosneft subsidiary) has paid off series 2 eurobonds amounting to $1 bln of total nominal value. Those eurobonds were issued by the former TNK-BP Group in 2006, maturing 10 years ...
Russian Oil Industry Close to Major Taxation Overhaul
7/25/2016 - Russia is planning to overhaul its oil industry tax, introducing a profit-based system designed to boost government revenue and lift output from 2018, according to documents seen by Reuters and indust...

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