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  • Dragon Oil targets Cheleken capex at $1.5 bln in 2014-2016

    Dragon Oil, which produces oil in Turkmenistan's section of the Caspian Sea, targets capital expenditure for infrastructure and drilling in the Cheleken contract area at $1.5 billion in 2014-2016, the company said in its report on interim results for 2014.

  • Kazakh state holding Tau-Ken Samruk acquires ShalkiyaZinc for $170 mln

    Kazakh national mining company Tau-Ken Samruk has acquired 100% of leading zinc and lead producer ShalkiyaZinc for 31 billion tenge (about $170.3 million at the current exchange rate), Tau-Ken Samruk said in its annual report.

  • Promsvyazbank opens $250-mln credit facility for Uralkali

    Promsvyazbank (MOEX: PRSB) has opened a ten-year credit facility of $250 million for potash miner Uralkali (MOEX: URKA).
     
    Uralkali said in a statement that the loan would be used to refinance current liabilities and to fund its investment program.
     
    "This new unsecured credit line demonstrates the ability of Russian financial institutions to provide long-term loans to Russian borrowers.
  • Harmful bacteria found in poultry from Tyson Foods, Sanderson Farms - Russian agricultural watchdog

    Russian agricultural watchdog Rosselkhoznadzor says it has uncovered harmful bacteria in poultry from American companies Tyson Foods and Sanderson Farms.

  • VTB to pay off $3.1 bln syndicated loan from internal funds

    MOSCOW. Aug 1 (Interfax) - VTB (MOEX: VTBR), which has been targeted by EU and U.S. sanctions, will fully repay a $3.1 billion syndicated loan it raised in the summer of 2011 out of internal funds, a bank spokesman told Interfax.

     
    "We confirm that on July 14 full repayment of the syndicated loan totaling $3.1 billion will be made from internal resources. Further borrowing of foreign capital will depend on our requirements and the market situation," the spokesman said
     
     
    1 Aug 2014
  • TGK-2 sees RAS net profit fall 39% in H1 to 600 mln rubles

    MOSCOW. Aug 1 (Interfax) - OJSC TGK-2 (MOEX: TGKB) saw net profit to Russian Accounting Standards (RAS) fall 39% in the first half of 2014 to 600 million rubles, the company said in a report.
     
    Revenue was level with H1 2013 at 16.3 billion rubles, while cost of sales increased 1.3% to 14.5 billion rubles.
     
    The company saw gross profit decline 5% to 1.8 billion rubles.
     
    The company's long-term debt totaled 3.6 billion rubles at the end of June versus 4.1 billion rubles at the end of 2013.
  • Metalloinvest ups Q2 iron ore output 2.6% to 9.8 mln tonnes (Part 2)

    MOSCOW. July 31 (Interfax) - The Metalloinvest group raised iron ore production 2.6% quarter-on-quarter in Q2 2014 to 9.8 million tonnes, the company said in a statement.

  • Mosenergo boosts H1 RAS earnings 38%, EBITDA 24.2% (Part 2)

    MOSCOW. July 31 (Interfax) - Mosenergo (MOEX: MSNG) boosted net profit to Russian Accounting Standards (RAS) 38% year-on-year in H1 2014 to 7.7 billion rubles, the generating company said in a report.

     
    Sales revenue grew 2% to 82.2 billion rubles.
     
    Earnings before taxes, depreciation and amortization (EBITDA) went up 24.2% year-on-year to 16 billion rubles in the half.
     
     
    31 July 2014 
  • Russia and CIS political and economic calendar: July 30

    MOSCOW. July 30 (Interfax) - The political and economic calendar in Russia for July 30 is as follows:

     
    *** Novatek to publish its IFRS financial results for Q2 and H1 2014
     
    *** Severstal to publish its financial results for Q2 and H1 2014.
     
    *** Enel OGK-5 to publish its IFRS financial results for Q2 and H1 2014.
     
    *** Yerevan CHPP to resume operation after planned turnaround maintainance.
     
     
    30 July 2014
  • Severstal could pay $1 bln in special dividends from sale of U.S. assets (Part 2)

    MOSCOW. July 30 (Interfax) - Russian steelmaker OJSC Severstal (MOEX: CHMF) could pay special dividends of $1 billion of the $2.3 billion it received from the sale of its North American factories Severstal Dearborn LLC and Severstal Columbus LLC, the company said.

  • OSCE: Right Sector demanded that Lukoil must allocate 3 tonnes of fuel per month for Ukrainian army

    MOSCOW. July 29 (Interfax) - The Organization for Security and Cooperation in Europe (OSCE) has reported that members of the ultra-nationalistic Right Sector were blockading Lukoil (MOEX: LKOH) gas stations in Ivano-Frankivsk demanding that the Russian firm provide up to three tonnes of fuel per month for the Ukrainian army.

  • Russian foreign minister to visit Tajikistan

    MOSCOW. July 29 (Interfax) - Russian Foreign Minister Sergei Lavrov is due to pay an official visit to Dushanbe on July 30 for a meeting with his Tajik counterpart Sirrojiddin Aslov, the Russian Foreign Ministry said in a commentary on Tuesday.

  • CB to quote ruble at 35.3457 rubles/$1 and 47.4799 rubles/EUR1 on July 29

    MOSCOW. July 28. (Interfax) - The Central Bank of Russia will quote the U.S. dollar at 35.3457 rubles/$1 on July 29, 0.83% up from the previous exchange rate.

     
    The Central Bank will quote the euro at 47.4799 rubles/EUR1, 0.55% up from the previous exchange rate, the bank's Foreign and Public Relations Department told Interfax.
     
     
    28 July 2014
  • Microsoft in Russia ups revenue 11%, Nokia, Skype see a drop

    MOSCOW. July 28 (Interfax) - LLC Microsoft Rus, the main Russian division of U.S. software giant Microsoft, upped revenue 11.2% in 2013 to 9.9 billion rubles, the SPARK Interfax database shows.

  • Burger King in Russia ups revenue to 5.5 bln rubles in 2013

    MOSCOW. July 25 (Interfax) - LLC Burger Rus, which develops the Burger King fast food network in Russia, increased its revenue to 5.46 billion rubles last year, according to the SPARK-Interfax database.

  • Rosneft net debt declines 19.7% to 1.495 trln rubles (Part 3)

    MOSCOW. July 25 (Interfax) - Net debt at Rosneft (MOEX: ROSN) declined 19.7% to 1.495 trillion rubles (about $44.5 billion) in the first half of 2014, the company said in a statement.

  • Ukrainian govt has no cash for army salaries from Aug 1 - finance minister (Part 2)

    KYIV. July 24 (Interfax) - The protracted hostilities have used up the financial resources set aside to conduct the antiterrorist operation (ATO), thus undermining salary payouts to the Ukrainian military as early as from August 1, Ukrainian Finance Minister Oleksandr Shlapak said on Thursday.

  • Russian Gold Producers Union sees gold price averaging $1450 in 2014

    MOSCOW. July 24 (Interfax) - The Russian Union of Gold Producers is forecasting that the average gold price in 2014 will be $1,450 per ounce and that Russia will produce 275 tonnes of the precious metal.

  • Bashneft ups oil production 11.5% in Q2, 9.3% in H1

    MOSCOW. July 23 (Interfax) - Bashneft (MOEX: BANE) produced 4.374 million tonnes of oil in the second quarter of 2014, 11.5% more than in the same period last year, the company said in a press release.

  • CB to quote ruble at 34.8101 rubles/$1 and 46.8718 rubles/EUR1 on July 24

    MOSCOW. July 23. (Interfax) - The Central Bank of Russia will quote the U.S. dollar at 34.8101 rubles/$1 on July 24, 0.65% down from the previous exchange rate.

     
    The Central Bank will quote the euro at 46.8718 rubles/EUR1, 1.06% down from the previous exchange rate, the bank's Foreign and Public Relations Department told Interfax.
     
    23 July 2014
  • Belarusian economy expands 1.2% in H1

    MINSK. July 21 (Interfax) - GDP in Belarus grew 1.2% year-on-year in real terms in the first half of 2014, to 340.7 trillion Belarusian rubles, the Belarusian Statistics Service reported.

  • Confectioner Mondelez in Russia ups revenue 13.1%

    MOSCOW. July 21 (Interfax) - LLC Mondelez Rus (LLC Kraft Foods Rus until April 2013), the Russian subsidiary of international confectioner Mondelez, posted revenue of 55.2 billion rubles in 2013, up 13.1% year-on-year (48.9 billion), the SPARK Interfax database shows.

  • PM Medvedev promises 3.5 bln rubles for Ukrainian refugees' accommodation

    MOSCOW. July 22 (Interfax) - The Russian government will give 3.5 billion rubles to regions accommodating Ukrainian refugees in shelters and another 780 million rubles to the Federal Migration Service taking in the refugees.

  • Construction of FEPCO infrastructure to be on list of monopoly investment programs

    MOSCOW. July 22 (Interfax) - The construction of infrastructure for Rosneft's (MOEX: ROSN) Far East Petrochemical Company (FEPCO) project should be included on the list of natural monopoly investment programs.

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