Russia’s Lukoil experiences oil extraction drop

Lukoil acknowledged it experiences extraction drop: according to January-March results it was 3,3%. The company promises to improve the situation by year end. However, Gazprom Neft, for instance, can not succeed within two years already. The company started to take radical measures – was fired Sergey Rusakov, the head of its core extractive branch Noyabrskneftegaz. At the current moment only Rosneft does not have troubles with oil extraction.

Russia’s Gazprom holds talks about gas sale companies’ purchase in the USA

Gazprom is holding talks with stockholders of some gas sale companies in the USA about their controlling stock interests purchase. The same way the monopoly tries to penetrate into Great Britain retail gas market that has been carefully protected from it. At the moment Gazprom managed to take 1,5% only, but within 6 years its gas supplies to this country grew from 2% to 8% on the whole. Experts mark that the same tactic in the USA in terms of the opposition on the country authorities’ part is justified, but it does not allow reckoning on a serious market share.

Russia’s UMMC purchased 51% of Czech Aircraft Industries

Ural Mining and Metallurgical Company (UMMC) declared about the controlling stock interest purchase of the Czech Aircraft Industries company, producer of once popular regional L-410 aircraft. Under condition the state invests into local air transportations the plant products will be of high demand, as experts consider.

Japan’s JBIC invests in Russia’s Sakhalin-2 project

Japan Bank for International Cooperation (JBIC) and four banks are finishing to work on loan at 550 billion yen ($5,3 billion) for Sakhalin-2 project. As reported the Japanese newspaper Nikkei, it is assumed that JBIC would allocate around $3,7 billion to the project, and the rest $1,6 billion would be provided by Bank of Tokio-Mitsubishi UFJ, Mizuho Corporate Bank Ltd., Sumitomo Mitsui Bank Corp, BNP Paribas. According to the Japanese newspaper data, an agreement about a loan could be signed with Gazprom (owns the controlling interest in the project) in mid-June.

British Virgin Group launched WiMAX network in Russia

International conglomerate Virgin Group owned by the British billionaire Richard Branson has launched the first project in Russia. In 32 regions of Russia has been already implemented the Virgin Connect brand network of wireless broadband access on WiMAX technology basis. In the nearest five years the company intends to occupy 10% of broadband access market the volume of which attains $5,5 billion by 2013

Russia’s Uralchem wants to buy 72% stocks of Voskresensk mineral fertilizers

Associated Chemical Company (ACC) Uralchem OJSC owned by Dmitriy Mazepin wants to take control over Voskresensk mineral fertilizers OJSC (VMU). ACC has applied to Federal Antimonopoly Service (FAS) for a purchase of 72% VMU stocks. The same holding belongs to AgroProdMir Group, and 28% VMU stocks belong to Phosagro holding. If Uralchem bought securities at AgroProdMir, it would be burdened with the conflict of the latter with the minority shareholder

Russia’s Interfax Group established joint venture with US Dun & Bradstreet business data provider

American Dun & Bradstreet (D&B) corporation, the largest world’s information provider on businesses, establishes joint venture with Interfax Group. As a result D&B increases four times its Russian legal entities base and SPARK-Interfax (System for Professional Analysis of Markets and Companies) customers obtain data on foreign companies and will be able to find information on the Russian companies beneficiaries established by foreign offshore companies. At the moment information agencies are already not limited to news production, as they are interested in their business diversification, as experts state

Russia’s Evraz Group to purchase stocks of China’s FerroChina

According to the data of Chinese mass media, Evraz Group wants to purchase 20% stocks of the local FerroChina for $167 million. This asset can augment successfully the Chinese Delong Holdings business, as Evraz plans to complete the deal for controlling stock interest purchase of this company by the year- end. However, the Australian BlueScope Steel competes with Evraz for FerroChina, and their interest to the asset has already resulted in its price rise for more than 10%.

Estonian Estonian Pulp and Austrian Andritz to construct plant in Russia

Estonian Estonian Pulp and Austrian Andritz have started to construct a plant for production of Chemi-Thermomechanical Pulp (CTP) and cardboard in Dedovich region of Pskov area. The aggregate amount of invested funds in a project totals more than € 1 billion.

Russian Vnesheсonombank to credit construction of microelectronic production

Zelenograd factory Angstrem controlled by Mezhprombank cofounder Sergey Veremeenko received €815 million loan from Vnesheconombank (VEB) to purchase equipment at AMD and to construct the microelectronic production in Russia. Sergey Veremeenko does not hide the support of the president administration has helped him to get the loan. But market participants say Vnesheconombank has lent Angstrem money under risky terms

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