Russia Oil Gas Magazine

TAGRAS and Gazprombank Have Agreed on Cooperation

The agreement was signed within the framework of the Tatarstan Petrochemical Forum. At the site of the Tatarstan Petrochemical Forum in Kazan, in the presence of the President of the Republic of Tatarstan Rustam Minnikhanov and Deputy Chairman of the Board of Gazprombank Dmitry Sauers, a cooperation agreement was signed …

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Eurasia Journal News

Arctic LNG 2: Signs Loan Agreements with International Banks

Arctic LNG 2 announced today the signing of loan agreements with international financial institutions and commercial banks. The maximum aggregate loan amount under the facilities to be provided by the Russian and international banks is EUR 9.5 billion for up to 15 years. The external financing package with a consortium …

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Eurasia Journal News

The First Russian System of High-Speed Borehole Measurements is Being Created with the Support of the New Industry Foundation

The New Industry Ventures (a joint venture fund of Gazprom Neft, Gazprombank, RVC and VEB Ventures) has invested in the development of a universal telemetry platform to support the drilling of high-tech wells. The New Industry Venture Fund supported the implementation of a project by Axel, which specializes in the …

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Eurasia Journal News

Gazprom Neft Creates an Accelerator for Upstream Startups

Gazprom Neft will launch an acceleration program to support technology start-ups and solutions in hydrocarbon exploration and production, Industry 4.0, capital construction and alternative energy. On May 24, at the international technology conference Startup Village, Alexey Vashkevich, Director for Technological Development of Gazprom Neft, spoke about the new direction in the …

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Russia Oil Gas Magazine

TMK: Completion of Share Buyback Program of Ordinary Shares

PAO “TMK”, one of the world’s leading producers of tubular products for the oil and gas industry, announces the completion of share buyback program of TMK ordinary shares that has been approved by the Board of Directors on 11 September 2020 (the “Program”). The Program was performed by “Volzhsky Pipe Plant”, Joint stock company (“VTZ”) …

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Eurasia Journal News

NOVATEK Creates a Joint Venture in China with Sinopec and Gazprombank

Today, during the official visit of the President of the People’s Republic of China Xi Jinping to the Russian Federation, PAO NOVATEK (“NOVATEK” and/or the “Company”), Sinopec and Gazprombank signed Heads of Agreement (“Agreement”) on establishing a joint venture to market LNG and natural gas to end-customers in the People’s …

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Eurasia Journal News

Yamal LNG: Signs 3.6bn Euro Loan Agreements with Sberbank and Gazprombank

OAO Yamal LNG (“Yamal LNG”) announced the signing of an agreement with Sberbank and Gazprombank on a 15-year credit line facility for the total amount of EUR 3.6 billion at EURIBOR 6M plus 4.7% annual interest rate. The agreement signed with the Russian banks is part of the project financing …

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Uncategorized

Rosneft: Looks to Tap State for $41bn Rb to Bridge Sanction Funding gap

Igor Sechin, the head of Russian oil giant Rosneft, has asked the government to provide the company with 1.5 trillion roubles ($41.6 billion / £24.9 billion) to help the company weather western sanctions, the Vedomosti newspaper reported on Thursday. Under the plan, the state would spend money from its National Wealth …

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Gazprom Fully Settles All Payments in Russian and Foreign Currencies on Gazprombank Accounts

Gazprom Group including Gazprom Export fully and timely settles all payments in Russian and foreign currencies on the accounts of Gazprom and its affiliated companies, opened by Gazprombank despite the expanded sanctions imposed unilaterally by the US administration on July 16, 2014 in respect of a number of Russian companies including Gazprombank.

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Rosneft, Gazprom, Novatek, Gazprombank, Sovkomflot, USC and Ministry of Industry and Trade Sign JV Agreement To Form Far Eastern Shipbuilding Center

At the 21st World Petroleum Congress Rosneft, Ministry of Industry and Trade of the Russian Federation, Gazprom, NOVATEK, Gazprombank, Sovkomflot, United Shipbuilding Corporation signed a Joint Venture Agreement in relation to the implementation of vessel, drilling rig and marine equipment construction and design projects on the 16th of June. The …

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