As of September 29, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 42.4 million ha (on the same date in 2015 – 38.8 million ha), or 89.8% of the planned areas (47.3 million ha). The produced volumes reached 110.7 million tons of grains, with the average yield…
Russian multi-industry holding Renova Group has not received any offers to sell its unit, power producer T Plus, Viktor Vekselberg, the group’s main owner and chairman of the board of directors, said. Ensuring power supplies in 16 Russian regions, T Plus is currently involved in a bribery case. According to the Investigative Committee, in 2007-2014,…
Russian oil major Rosneft has asked the government to cut oil pipeline monopoly Transneft’s tariffs for domestic oil and oil product transportation by 50% and decrease Russian Railways’ tariffs by 30%. Rosneft asked this in August, while ministries were ordered to study the issue in September. Representatives of Rosneft and Transneft declined to comment, representatives…
Russia’s oil production may fall after 2018 if the government keeps the tax burden on the industry, Vagit Alekperov, CEO of oil major Lukoil, said. “I would not like to be some kind of a prophet, but stabilization will be there already in 2017. While in 2018-2019 production will fall”, he said, when asked about…
Private oil companies will join the initiative to limit oil production in the country if Russia makes such a decision, oil major Lukoil CEO Vagit Alekperov said. “We wait for the end of November when precise quotas (of OPEC), a precise validity period of these agreements is defined. We hope this will push oil prices…
In January-August Russian agricultural enterprises increased grain selling volumes by 9.9% YoY to 26.6 million tons, the Federal State Statistics Service (Rosstat) declared on September 29. In particular, in August the reporting index totaled 7.6 million tons, up by 5.4% YoY. (APK-Inform/Business World Magazine)
In 2016/2017 MY, the export volumes of grains from Russia will reach 40 million tons, the General Director at SovEcon Andrei Sizov declared. The supply and demand balances in the current agricultural year formed in such way that the grain resources would total nearly 130 million tons. Therefore, SovEcon forecasts the exports at such a…