Aluminium, Refining

Gazpromneft - SM begins shipping ship oils to the port of Makhachkala.

Gazpromneft-SM, Gazpromneft's oil business operator, began supplying ships in the port of Makhachkala, the company's press service informs.

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The tax manoeuvre affects the metallurgists.

The RF Ministry of Industry and Trade is concerned about the oil reforms.
The tax manoeuvre in the oil industry, proposed by the RF Ministry of Finance to reduce indirect subsidies to the domestic market, may hit the competitiveness of other industries, according to the RF Ministry of Industry and Trade. The reduction of export duties on benzene and petroleum coke will lead to a shortage of raw materials and raise their prices, which will affect not only the petrochemists, but also the metallurgy, including the aluminum industry.
"The Kommersant" has a letter dated September 3rd from Viktor Evtuhov, the deputy head of the RF Ministry of Industry and Trade, to Arkady Dvorkovich, the Deputy Prime Minister, with comments regarding the proposals of the RF Ministry of Finance to amend the Tax Code and the law on customs tariff associated with the "big tax manoeuvre" in the oil industry, at the disposal. The manoeuvre was necessary to increase the revenues and reduce the indirect subsidies to the internal market (see "the Kommersant" dated August 21). The fears of the RF Ministry of Industry and Trade have led to changes in export tariff rates for benzene and petroleum coke. The duty on benzene (raw materials for the petrochemical industry) should be reduced from 66% of the duty on crude oil to 48% in 2015, to 40% in 2016 and to 30% in 2017. The RF Ministry of Finance proposes to set the coke rate no higher than 6.5% of the duty on crude oil. Now it is 66% and is expected to grow to 100% in 2015.

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UC Rusal and Rosneft sign agreement on partnership

UC Rusal and Rosneft have concluded a contract providing for the supply of coke and natural gas to UC Rusal’s enterprises. The document was signed by UC Rusal’s CEO, Oleg Deripaska and Rosneft’s president, Igor Sechin at the XVIII St. Petersburg International Economic Forum.
The agreement is long-term and provides supply of 2.65 million tons of petroleum coke and up to 12 billion cubic meters of gas at the UC Rusal’s enterprises. Such cooperation creates a guaranteed market of the gas and coke for Rosneft. In turn, the contract provides a stable supply of raw materials for UC Rusal to load its enterprises.

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In January-February, Bashkortostan decreased export by a quarter

In January-February, Bashkortostan decreased export supplies by 24.1% as compared with the same period of the last year to $191.8 million, the Bashkortostan Customs reports. According to the Customs, significant reduction of chemical products export (by 53.5%) influenced the total rate of the export.
The 42.8% fall on products of chemical products (diphenylol propane, rubber substance, butane, urea and polyethylene), 19.6% on engineering products (gaz-turbine jets and their details, helicopters), 16.8% on metals and metal products (hot-rolled rods), 13.5% on mineral products (liquid pyrolysis product), etc.
The main exporters of the republic were Ufaorgsintez, Ufa engine-building industrial association, Beloretsk metallurgical plant, Enterprise of Industrial Railway Transport, Sintex-kauchuk, KumAPP, Bashneft, SG-Trans Okyabrsk subsidiary.

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New Enhancements to Rusmininfo,full story selector available in Russian

Rusmininfo is pleased to announce some further enhancements to the news service.This week we have launched a full story selection system in Russian so now every user can select the news they want to receive according to their exact parameters in both Russian and English for full e-mail alerts.
To set up your new selections please log in and click on 'My News Alerts' then use the drop down menu and click on the companies,countries and sectors you want to receive news on.
If you have mislaid your log in details please e-mail [email protected]
Best Regards
Rhod Mackenzie
Managing Director

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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