Financial results

In 2018, Zarubezhneft increased its net profit under RAS by 27%

In 2018, net profit of Zarubezhneft increased by 27%. This was reported by the press centre of the company.

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In 2018, Kuzbass Fuel Company increased its net profit under IAS almost 3 times

In 2018, the net profit of Kuzbass Fuel Company under IAS increased 2.9 times compared to the previous year and amounted to 6,023 billion rubles, the company reported.

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In 2018, net profit of Rosneft’s and Sinopec’s joint venture under RAS grew 1.7 times

In 2018, the net profit of Udmurtneft, a joint venture of Rosneft and Chinese Sinopec, under RAS increased 1.7 times compared to the previous year and amounted to 31.104 billion rubles.

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Novatek to concentrate on liquefaction, being not very much interested I domestic market

Novatek has reported on growth of normalized net profit of the company last year by 49% to 232.9 billion rubles.

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Novatek’s revenues to reach historical maximum

This week Novatek will continue season of publication of its financial statements in the oil and gas sector.

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Polyus receives loan for $150 mln in European bank

Gold mining company Polyus entered into a loan agreement on pre-export financing with a total volume of $150 million.

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It is planned to increase coal production to 40 million tons in the Karaganda Region.

The economy of the Karaganda region is developing steadily - by the end of 2018 there has been an increase in all key indicators, Kazakhstan Today reports.

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In 2018, effect from rationalization proposals at MMK exceeded 453 mln rubles

In 2018, total economic effect of introduction of rationalization proposals at Magnitogorsk metallurgical plant amounted to 453.6 million rubles.

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Gazprom Energoholding expects growth in net profit under RAS by 17%

Gazprom Energoholding has predicted an increase in its net profit under RAS in 2018 by 17.1% compared to the previous year to 53.2 billion rubles.

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In 2018, Belarusian oil refineries made loss of 358 mln

Belarusian oil refining industry continues to generate losses. In 2018, according to national statistics, the net loss exceeded 350 million.

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