TOAZ has unlocked finance for the construction of a third urea unit

Togliattiazot, a major ammonia producer in Russia, has signed a 9-year loan agreement 180m EUR worth with a syndicate of Commerzbank AG (Zurich, Switzerland) and Landesbank Baden-Wuerttemberg (Stuttgart, Germany). As follows from the loan agreement, the interest rate is to be paid after a two-year grace period and to equal 2% per annum. SERV is […]

Delegation of RN-Pechora LNG has confirmed participation in LNG Congress Russia 2018

Delegation of RN-Pechora LNG has confirmed participation in the upcoming 5th anniversary LNG Congress Russia 2018 (6-8 June, Moscow). Delegation lineup includes: Dmitry Ageev – General Director Viktor Okorokov – Deputy General Director – CTO Roman Zdanovich – Financial Director Alexander Gaivoronsky – Manager of Project Management Department Maksim Pavlov – Manager of Project Management Department Pechora LNG project encompasses […]

Russia’s grain export close to record-breaking 50 mln tonnes — expert

Russian grain exports are close to record-breaking 50 mln tonnes, director of SovEcon analytical center Andrei Sizov said on Friday. “Russia can for the first time become the world’s second [after the US – TASS] in grain exports,” Sizov said. Russia ceded the status of the global export leader in wheat exports to the United […]

Gazprombank increases stake in VetroOGK

RUSSIA: Gazprombank, one of the country’s largest banks, has signed an agreement with nuclear firm Rosatom to buy a 49.5% stake in its VetroOGK wind development subsidiary. VetroOGK has a wind capacity pipeline of about 970MW in Russia to be built in 2018-2022, following success at recent auctions. This accounts for 40% of all wind […]

Putin vows tenfold Arctic shipping by 2025

Delivering his state-of-the-nation speech to the parliament on Thursday, Russian President Vladimir Putin highlighted the importance of speeding up the countries infrastructure developments. The Arctic plays a strategical important role in the plan. «A number of large-scale industrial projects in the Arctic have already been launched,» Putin said and ensured those projects meet the strictest […]