StroyCazMontazh has completed the first start-up phase at the Punginskoye underground gas storage facility (UGS). Works for Punginskoye underground gas storage facility expansion have included installation of two 16MW GPUs and gas-collection system, consisting of 12 wells within three well groups, as well as construction of three administration buildings, a measuring point and a control…
The Turkish Stream natural gas pipeline project is synchronized with expiration of Russia’s gas transit contract with Ukraine in December 2019, Energy Minister Alexander Novak reported. “Speaking of the Turkish Stream, the project’s implementation deadline is December 2019, which means that the infrastructure will be built until the end of 2019. It is in full…
Manned US missions to the International Space Station (ISS) aboard the Atlas V launch system and Boeing’s newly developing capsule will be carried out using Russia’s RD-180 engines, the Energomash space and rocket engine director Igor Arbuzov said. The first unmanned test launch of the heavy-lift Atlas V vehicle with Boeing’s Crew Transportation System (CTS)…
International Launch Services (ILS) and Eutelsat have announced the signing of two launch contracts for the 2018-2020 period. ILS is a Khrunichev Space Center subsidiary, which provides Proton-based launch services for global international commercial satellite operators, and Eutelsat Communications is one of the world’s leading operators of satellite communications, headquartered in Paris, France. The first…
On October 10-16, the export volumes of grains from the Russian seaports reached 637.4 thousand tons against 325.9 thousand tons shipped on the previous week. In particular, the wheat shipments totaled 526.8 thousand tons, barley – 3 thousand tons, corn – 101.5 thousand tons, and peas – 6.1 thousand tons. (APK-Inform/Business World Magazine)
International rating agency Fitch has improved its outlook on Russia’s BBB- long-term issuer default ratings in local and foreign currencies to stable from negative, the agency said in a statement. “Russia has implemented a coherent and credible policy response to the sharp fall in oil prices. A flexible exchange rate, inflation targeting, fiscal consolidation and…
International rating agency Fitch has upgraded the long-term issuer default rating of Russian uncut diamond mining giant Alrosa to BB+ from BB with a stable outlook and affirmed the company’s short-term issuer default rating at B, the agency said in a research note. “The upgrade reflects Fitch’s expectations that Alrosa will maintain funds from operations…