Russia’s Syktyvkar City Court arrested Yevgeny Olkhovik, a shareholder and board chairman of multi-industry holding Renova Group, for two months over a bribery case in the Komi Republic. Olkhovik and Boris Vainzikher, CEO of Renova’s unit T Plus, were detained on suspicion of giving bribes to the Komi Republic officials. The Federal Security Service and…
Russian oil company Gazprom Neft has offered partnership on two Arctic shelf deposits, Kheisovsky and Severo-Vrangelevsky, to China’s CNOOC, CEO of parent company Gazprom Alexei Miller said. Miller said that Gazprom suggested that CNOOC participate in the development of the shelf fields of Gazprom Neft, without elaborating. “As regards oil, we are considering this opportunity,…
Russian oil company Tatneft has bid for privatization of a state stake in oil company Bashneft and has not withdrawn it, Tatneft CEO Nail Maganov said. “Our bid has not been withdrawn yet. The bid is sent and not withdrawn”, he noted. “The company has a solid investment potential, which we invest in the development…
According to official data, as of September 2, Russian farmers had threshed 33.26 million ha (70.4%) of grains and legumes against 27.66 million ha as of the same date in 2015. 93.41 MMT was harvested with average yield of 2.81 MT/ha (in 2015 – 73.05 MMT with 2.64 MT/ha). Wheat was threshed from 20.45 million…
The Ministry of Agriculture of the Russian Federation plans to return to discussion of the feasibility of wheat export duties in early 2018, the Deputy Minister of Agriculture of the Russian Federation Evgeny Gromyko declared. According to him, the government has already worked out the draft decree to zero down export duties on wheat until…
The arbiter group of the World Trade Organization (WTO) has finished the first hearing on the merits of Russia’s case regarding the third energy package introduced by the E.U., Marat Berdyev, technical permanent representative of Russia to the WTO, said. “Of course, given standard WTO procedures, decision making will take some time and require additional…
The Investigative Committee for St. Petersburg has searched the office of power utility Lenenergo, a source in law enforcement authorities reported. According to preliminary information, the measures have been taken under a criminal case over perverting the course of justice and conduct of a preliminary investigation. Chairman of another power maker T Plus board of…