Financial results

There are no answers on two questions important for oil and gas in the budget for 2018-2020.

The government approved the draft budget for 2018-2020.

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The Russian government can raise excise taxes on fuel off schedule.

The decision to raise excises on fuel was made at budget meetings in the government.

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Petropavlovsk’s net profit grew to $24.5 mln

In the first six months of 2017, the net profit of the gold mining company Petropavlovsk operating in Russia increased 2.7 times year-on-year to $24.5 million (1.4 billion rubles), the company repo

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Mir is ruined, but it can be good for market

It doesn’t make it final in the tragedy at the Mir diamond mine, however an attempt has been made to explain the further actions.

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"Polyus" not to involve other partners in Sukhoi Log.

PJSC Polyus did not plan to involve other partners into the development of the Sukhoi Log deposit, CEO Pavel Grachev on the sidelines of the WEF told RIA Novosti.

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In H1, Zarubezhneft increased production by 4%

In January-June 2017, Zarubezhneft increased production of hydrocarbons (including shares in joint ventures) by 4% compared to the same period of the previous year to 2.651 million tons, the compan

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Kamensk-Uralsk plant for processing of non-ferrous metals announces results of H1

In the first six months of this year, the amount of proceeds of the Kamensk-Uralsk plant for the processing of non-ferrous metals (part of UGMK) under IAS was 3.9 billion.

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In H1, Highland Gold reduced its net profit by 30%

The British Highland Gold Mining Ltd (produces gold in Russia, 32% are owned by Millhouse of Roman Abramovich) reduced its net profit by 30% to $25.9 million in the first half of 2017 compared to t

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In 2016, net loss of Independent Oil and Gas Company grew 1.6 times

In 2016, the net loss of the Independent oil and gas company (NNK) of the Rosneft’s former head Eduard Khudainatov under RAS increased 1.6 times compared to the previous year and amounted to

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Chelyabinsk zinc plant announces financial results of H1

In the first six months of 2017, the consolidated revenue of the Chelyabinsk zinc plant amounted to 18.09 billion rubles, which is by 44% more than in the same period last year.

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