Finance

Russia to invest $5 bln in oil industry of Venezuela

Venezuela has agreed with Russia on guaranteed investments in its oil industry in the amount of more than $5 billion, the Venezuelan President Nicolas Maduro reports.

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Russian income from oil and gas export grew by over 30%

In the first 10 months of 2018, Russia's revenues from oil exports increased by 38.6% year-on-year and reached $106.59 billion, as it follows from the materials of the Federal Customs Service.

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Since the beginning of the year, Ukrnafta paid over 1.2 bln hryvnias of tax debt

In 2018, Ukrnafta not only pays all its tax liabilities, but also repays the overdue tax debt on a monthly basis.

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Naftogaz is still to transfer 8 bln hryvnias of dividends to state budget

In November, Naftogaz Ukrainy transferred 8.1 billion hryvnias of dividends to the state budget, according to the schedule agreed by the Cabinet of Ministers.

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Transneft plans to start buyback of shares in 2019

Transneft plans to launch a buyback program in 2019, the head of the company Nikolay Tokarev told reporters.

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MMK is demanded to make additional payment for coal

The minority shareholders of Belon have declared in court that MMK of Victor Rashnikov, which owns over 95% of Belon, was to buy coal assets from the company rather than to conduct reorganization,

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Meeting of Lukoil’s shareholders approves payment of interim dividends

On December 5, 2018, results of the extraordinary general meeting of Lukoil’s shareholders, held in the form of absentee voting on December 3, 2018, were summed up.

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Russian Government Commission on Foreign Investments not to consider sale of EDC

The Russian Government Commission on Foreign Investment hasn’t even considered acquisition of the largest Russian drilling company Eurasia Drilling Company (EDC) by international company Schl

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Uralkali is ready to exceptions in Asia

Despite a recent announcement of a lower price level of $300 per ton of potassium, Uralkali will still sell to China a "several times smaller" volume at the price of $290.

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VEB.RF may finance 8 projects of shipbuilding complex in Primorye

During his working trip to Primorye, the chairman of the state-owned development corporation of VEB.RF Igor Shuvalov visited the Zvezda shipyard in Bolshoy Kamen, where mass production of Aframax t

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