Privatization of a 19.5% stake in Russian oil major Rosneft is very likely to happen in 2016, Rosneft CEO Igor Sechin reported. “This is a liquid asset, and demand on the market is high, I am sure that we will do it”, he said. “Speaking of the possible purchase of Rosneft’s shares and of Rosneft’s…
Russia’s Federal Antimonopoly Service has permitted mobile operator MegaFon to buy 100% in Moscow-based firm Kombell, which deals with connection, telecom equipment and telephony, the authority said in a statement. “We study closely all the proposals we receive on mergers and acquisitions. Prior to making a decision, we scrutinize the subject of the deal, and…
Uralkali, one of the world’s largest potash producers, has become a Professional Partner of the 2nd interregional exhibition of modern technologies and equipment for the extraction and enrichment of ores and minerals Rudnik 2016, held at the exhibition center Permskaya Yarmarka (Perm) from 11 to 14 October. Uralkali has participated in the exhibition since its…
In January-September Russian seaports handled 531.7 million tons of cargo (up by 5.7% YoY), says the press center of Association of Commercial Sea Ports. Transshipment of dry bulk cargo totaled 248.7 million tons (+7.8%) including 101.9 million tons of coal (+12.0%), 31.4 million tons of containerized cargo (+4.8%), 24.3 million tons of grain (+2.1%), 21.5…
The Russian government has signed a ruling allowing imports of oranges, tangerines, apricots, peaches, plums and blackthorn from Turkey. But imports of grapes, apples, pears, strawberry, tomatoes and some other fruit and vegetables are still prohibited. Russia banned imports of some fruit and vegetables from Turkey from January 1, as part of retaliatory measures after…
Russian oil companies will cut their output if the government decides to decrease it, Leonid Fedun, the vice president at oil major Lukoil, reported. On October 10, president Vladimir Putin said that the country was ready to join OPEC in a freeze of oil production, if such an agreement was reached. “Joint actions of all…
Russia will lift restrictions on import of all citrus fruit, pears and plums from Turkey, assistant head of Russian phytosanitary watchdog Rosselkhoznadzor Alexei Alexeenko reported. “These are all citrus fruit and drupes, traditional fruit for Turkey – pears, plums, etc.”, Alexeenko said. Fruit will be supplied to Russia from regions free from quarantine pests and…