For the first time in the history of Russian business practices, TNK-BP and INTER RAO UES signed long-term contracts for gas supplies to the Nizhnevartovsk Power Plant (GRES) (part of the INTER RAO UES Group) and sale-purchase of electricity and/or capacity for 18 years.
Nord Stream has won the award for European mid-stream gas project of the year at this year’s Project Finance Awards ceremony. The awards recognise innovation, deal repeatability, best practice, problem solving, risk mitigation, value for money and speed of delivery in financing.
On 9th February 2011, the Federal Antimonopoly Service (FAS Russia) initiated cases against the three largest oil companies – “Gazprom-Neft” OJSC, “Lukoil” OJSC and “Posneft” NK” OJSC upon the signs of violating the antimonopoly law.
On 10 February 2011 OAO Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the nine months ended 30 September 2010.
SOCAR Ecology Department goes on successful cooperation with the international organizations within large-scale activities conducted in environmental protection and provision of ecological balance in fields and other objects. Recently delegation led by Jan Olsson, Head of Economic and Environmental Unit of OSCE Office in Baku, visited SOCAR Ecology Department.
JSC RusHydro announces that JSC Hydroinvest (a 100%-subsidiary of JSC RusHydro), which was appointed the Company's stock option plan operator, concluded corporate procedures for approving plan parameters. The respective resolution was adopted by JSC Hydroinvest's Board of Directors.
Primorsk International Shipping Limited (“Prisco”) wishes to announce the “en bloc” sale by Prisco and purchase by OAO Sovcomflot (“SCF”) of six tanker vessels employed on the Sakhalin shuttle trades. The terms of the sales are confidential.
OAO TATNEFT received an official document on the registration of its branch office in Turkmenistan. The certificate (SAHADATNAMA) has been issued by the Ministry of Economy and Industrial Development of the Republic of Turkmenistan.
The Federal Arbitration Court of the Povolzie District supported the decision and determination issued by the Office of the Federal Antimonopoly Service in the Ulyanovsk region (Ulyanovsk OFAS Russia) that “Gorsvet” Ulyanovsk Municipal Unitary Enterprise violated Part 1 Article 10 of the Federal Law “On Protection of Competition”.
Gazprom's group of experts led by Alexander Ananenkov, Deputy Chairman of the Company's Management Committee has finished its business trip to the Yamal-Nenets Autonomous Okrug. The experts inspected construction sites of the Bovanenkovo – Ukhta gas trunkline system (GTS), a key element of the new gas transmission system intended for gas delivery from Yamal into Russia's Unified Gas Supply System, as well as the Baidaratskaya main compressor station (CS) and some infrastructure facilities.