On February 2, 2010 TNK-BP completed the placement of Eurobonds in the aggregate amount of $1 bn, consisting of a 5-year $500 mn tranche and a 10-year $500 mn tranche. The issuer of the Eurobonds is TNK-BP Finance S.A. (Luxembourg), is a wholly owned subsidiary of TNK-BP International Ltd., which is the guarantor of [...]

Export duties to go into effect on February 1 will be $270.7 per ton of crude oil, $194.7 per ton of light petroleum products, and $104.9 per ton of dark petroleum products.
As of January 1, 2010, the export duties in effect were $267.0 per ton of crude oil, $192.2 per ton of light petroleum products, [...]

A new energy conservation program approved by Lukoil’s executive board is expected to yield savings of RUB 9.2 bn ($303 mn) over the 2010-12 period and RUB 2.17 bn ($71.3 mn) in 2010. The program is a cornerstone in the company’s plans for attaining reduction of energy consumption by 20% over the next few years.
In [...]

State-owned Vnesheconombank (VEB) will take over the management of a 29.9% block of shares of Rostelecom from Russia’s Deposit Insurance Agency, which owns the shares. The transfer of control was ordered by the Russian government on January 19th. VEB itself owns 9.8% of Rostelecom shares. Both blocks of shares landed in the hands of the [...]

Transnefteproduct, a subsidiary of Transneft, will raise by an average of 7.3% its tariffs for transportation of petroleum products in Russia and abroad, beginning on February 1, 2010.  The cost of transportation in Russia will rise by 7.9% on average. Transportation services for petroleum products in Russia will see prices rise by 8.1% on [...]

Leading Polish natural gas provider PGNiG, Russia’s Gazprom, and their joint venture EvRoPol GAZ have signed an agreement on cooperation, which provides for extension until 2045 of the contract on transporting gas to Western Europe across Polish territory using the Yamal-Europe pipeline. EvRoPOl GAZ is the operator of the Polish segment of the Yamal-Europe pipeline. [...]

The number of passengers transported by Aeroflot in 2009 declined by 5.6% YoY to 8.755 mn.

Russia may tap the credit markets for as much as $17.8 bn in 2010, the full extent of borrowing permitted by the federal budget for this year, Finance Minister Alexei Kudrin told the World Economic Forum in Davos. Debt will most likely be raised in several tranches, with the first trache slated for March, Russia’s [...]

Leading Polish natural gas provider PGNiG reached an agreement with Russia’s Gazprom on increasing imports of Russian gas, resolving remaining differences after a year of negotiations, and paving the way for an international agreement on gas supplies.
PGNiG has agreed to buy as much as 10.3 bn cubic meters of gas per year through 2037, while. [...]

Russia’s top state-owned bank VTB Bank will be privatized before Sberbank, Finance Minister Alexey Kudrin told the World Economic Forum in Davos. His remarks folled earlier comments by Sberbank CEO German Gref, who told the Davos audience that state banks should be privatized, starting with Sberbank. “The government has a budget with a deficit. Sberbank’s [...]