There are conditions for the central bank to cut its key rate at the upcoming meeting on Friday, inflation is slowing, national top lender Sberbank CEO German Gref said. “On the whole, there are objective reasons for a key rate cut”, he said. “There is a problem that in the third and fourth quarters seasonal…
In January-August Neva-Metal CJSC (stevedoring company of Severstal) handled about 2.1 million tons of cargo, which is similar to the result of January-August 2015, the company reported. Container throughput totaled about 64,000 TEUs. CJSC Neva-Metal is a part of a transport division of Severstal Russian Steel of Severstal Group. Neva-Metal specializes in transshipment of containerized…
In January-August Port Kavkaz handled 19,232,000 tons (up by 12% YoY), Harbour Master of port Kavkaz Yevgeny Tuzinkevich said. Off-harbor transshipment complex handled 5,511,000 tons of export cargo (down by 21% YoY). Transshipment of oil products increased by 53% to 8,657,000 tons, sulfur and mineral fertilizers – by 112% to 2,193,000 tons, grain dropped by…
Russia’s state-owned Rosneftegaz, which holds the government’s stake in oil major Rosneft, has applied to the Economic Development Ministry with a proposal not to change a tax burden on the oil industry over the next three years. This is not a proposal to suspend an oil tax maneuver. Rosneftegaz seeks that stabilization of the tax…
On September 5-11, Passenger Port of Saint Petersburg received 8 cruise ships with 8961 passengers. The total berth time of the ships is 16 ship-days, total amount of passenger operations – 66011. Services provided to ships: fresh water bunkering – 2093 cubic meters, garbage collection – 90 cubic meters, waste-waters reception – 700 cubic meters.…
OPEC has raised the forecast for Russia’s 2016 daily oil output by 20,000 barrels and now expects the daily output to grow by 140,000 barrels to 10.99 million barrels, OPEC said in its monthly oil market report. OPEC also kept its forecast for Russia’s daily oil output in 2017 unchanged at 10.94 barrels. In August,…
On September 9, Okskaya Shipyard (part of UCL Holding) launched the Penai, tugboat of Project TG-17 being built to the order of Rosmorrechflot’s Marine Rescue Service, the shipyard says in a press release. The vessel is intended for towing of vessels and floating facilities in marine conditions; participation in oil spill response operations as an…