Rosneft Finance S.A. (a subsidiary of Russian state-owned oil company Rosneft) has redeemed second series Eurobonds worth $1 billion, the company said in a statement. The Eurobonds were issued by the former TNK-BP group in 2006, with a maturity term of 10 years and the coupon rate of 7.5% per annum. “Maximization of profit at…Details
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FSUE “Rosmorport” and “MSC GROUP”, Italian holding company, discussed the “Construction of Sea Terminal in the City of Pionersky” project. The meeting, held on July 19, in Genoa (Italy), was attended by Deputy Minister of Transport of the Russian Federation – Head of the Federal Agency of Sea and River Transport Viktor Olersky, Deputy Head…Details
Russia: Rosmorport’s Arkhangelsk Branch Ice Pilots escort 15 vessels of Jan De Nul to the Gulf of Ob
On July 4 to 17, the Arkhangelsk Branch Ice Pilots escorted a caravan consisting of 15 vessels of the Jan De Nul company dredger fleet to the Gulf of Ob of the Kara Sea, says Rosmorport. The icebreaker escort distance amounted to 1200 nautical miles. The Point of Destination of these dredgers was the seaport…Details
The Sommers, lead ship of TSHD 1000 design, built for FSUE Rosmorport, commenced operations at the seaport of Makhachkala on July 23. Rosmorport says the dredger will perform the most urgent maintenance dredging to debottleneck the access channel and the basin of the port’s oil harbor. The work on dredging to the design depth will…Details
After the high results of 2015, Moldavian farmers decreased sunflower sowing area for the new harvest of 2016/2017, but not because of the lowering interest in this crop. The reason for the lower area was essential increase in sowing material prices after high crop losses in 2015/2016, which also preconditioned the necessity to import expensive…Details
PJSC LUKOIL has commissioned Phase I of the auxiliary power supply plant in the Republic of Komi. The 100 MW power plant is designed to satisfy the growing need in power at the Denisovsky license area and will increase utilization of associated petroleum gas. The project, developed and implemented by PJSC LUKOIL’s wholly owned subsidiary…Details
Ferry service linking Korsakov (Sakhalin) and Wakkanai (Hokkaido) will start operating on August 1, 2016. Cross border transportation of passengers between the islands will be resumed by the order of the Sakhalin Region Governor, says the press center of the regional government. Passenger ship Penguin-33 was chartered in Singapore for that purpose. The Japanese side…Details