Stock market news
Rosneft set a record for gas production
Rosneft produced a record 106 billion cubic meters of gas in 2023, increasing production by more than 42% from 74.4 billion cubic meters a year earlier, the company's First Vice President Sergey Menzh…
Inter RAO completed modernization of power units with a total capacity of 1390 MW
Inter RAO completed modernization of three power units with a total capacity of 1,390 MW. Capacity of power unit No. 1 at Permskaya TPP was increased from 820 MW to 850 MW. Capacity of power unit No. …
Angola has asked Alrosa to leave the Katoka diamond mine
Angola asked Alrosa to withdraw from the project to develop the Katoka diamond deposit, as sanctions against Russia have caused problems with the sale of minerals extracted there, local newspaper Expa…
Repair of Lukoil's Nizhny Novgorod refinery will take at least 1-1.5 months
It will take at least 1-1.5 months to restore equipment at Lukoil's Nizhny Novgorod refinery, Deputy Prime Minister Alexander Novak said. At the beginning of the year, one of the two catalytic crackin…
Inter RAO reduced electricity exports by 21% in 2023
Volume of electricity exports by Inter RAO in 2023 amounted to 10.7 bln kW⋅h, down 21% from 13.6 bln kW⋅h in the previous year. Exports to China decreased by 32.6% to 3.1 bln kWh, against a record 4.6…
Alrosa updated the capex assessment of the Mir mine
Alrosa estimates the need for initial capex in the construction of the Mir-Gluboky mine at $1.8-2 billion, according to the company's presentation at the exhibition-forum "Russia" at VDNKh. Exploratio…
Rosbank to change its head and update its strategy
Board of Directors of Rosbank decided to appoint Chairman of the Bank's Management Board Nikolay Sidorov. He will succeed Natalia Voevodina. Natalia was tasked with ensuring business stability and lea…
Marketplace Magnit Market will start operating in the first half of 2024
Retailer Magnit plans to launch a marketplace Magnit Market in the first half of 2024. Platform will be launched on the basis of acquired at the end of last year marketplace KazanExpress. This approac…
MTS established a company to develop electronics for the automotive industry
MTS established a new legal entity - MTS IKar LLC. New company will become a part of MTS Auto business vertical and will perform the functions of a design bureau, laboratory and pilot production in th…
Kamaz increased sales of passenger vehicles
Kamaz in 2023 increased production volumes of passenger vehicles and expanded its product line. Last year over 1,450 NEFAZ buses and 477 KAMAZ electric buses were sold. The sales volume of passenger v…
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