Finance

Rosneft to invest 35 bln rubles of MET deduction for Samotlor into production growth

The MET deduction in the amount of 35 billion rubles for 10 years, which is planned to be provided to the Samotlor field of Rosneft in 2018, is equal to the company's announced investment in th

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EBRD proposes new candidates to Supervisory Board of Naftogaz of Ukraine

The European Bank for Reconstruction and Development (EBRD) handed Ukraine a list of new independent candidates to the supervisory board of Naftogaz Ukrainy, said EBRD President Suma Chakrabarti.

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Gazprom may be forced to pay half of its profit as dividends

The leadership of the Russian Ministry of Finance hopes that the country's Cabinet of Ministers will decide on imposing a compulsory rate of dividend payment in the amount of 50% of the profit

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Irkutskenergo’s Board approves opening of credit line for 40 bln rubles in Sberbank

Irkutskenergo’s Board of Directors has approved the opening of a credit line in Sberbank for up to 40 billion rubles, the energy company reports.

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SUEK to invest over 3.5 bln rubles into ecological projects

"Already at the design stage we try to minimize environmental risks or completely eliminate them," – said deputy general director and technical director of SUEK-Krasnoyarsk Evgeny E

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Russia allows China National Gold to buy 60-70% of Klyuchevsk.

The Russian government has allowed China National Gold Group Hong Kong Ltd to buy 60-70% of the voting shares in JSC Zapadnaya-Klyuchi Rudnik for the implementation of the investment project for th

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Ministry of Finance does not support negative excise duty on ethylene

The Ministry of Finance did not support the proposal of the Ministry of Energy to impose a negative excise on ethylene, agencies are seeking a compromise, Interfax reported.

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In 2017-2019, Alrosa to face decline in profit

In 2017, Alrosa will receive a decrease in its net profit to 90.2 billion rubles, in 2018 - to 86.2 billion rubles, in 2019 - to 85.8 billion rubles, it follows from the materials of the Russian Ac

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Rosneft places exchange bonds for 100 billion rubles by public subscription

Rosneft completed the placement of exchange-traded bonds worth 100 billion rubles. This was reported by Rosneft on October 12, 2017.

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Chinese CEFC needs another $5.1 billion for stake in Rosneft

The Chinese CEFC may borrow from VTB $5.1 billion, which will be required to buy a 14.2% stake in Rosneft from the Swiss trader Glencore and the Qatar fund QIA.

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