Ukrainian Prime Minister Mykola Azarov has said Russia and Kazakhstan have agreed to cancel oil export duties for participants in a free trade zone being created within the Commonwealth of Independent States (CIS). “For the first time, we fixed in the agreement the readiness of Russia, as well as Kazakhstan, another oil producing country, to [...]
Tag: oil refineries
October 22, 2011
October 10, 2011
Fuel shortage cuts wings of Russian airlines
Russian traders are alarmed at the sudden disappearance of aviation fuel from the market. They say a hike in prices is imminent, with a fuel deficit likely before the end of October. The main factor behind the deficit is thought to be the growing number of passengers using airlines in Russia, whereas the oil refineries [...]
October 4, 2011
HMS pumps up 1H 2011 net income to 2.08 billion roubles
Russian pump maker, HMS Group, has posted a 1H 2011 net income of 2.08 billion roubles under IFRS. The net result up more than 5 fold from the 1H 2010 result of 387.8 million roubles, with 1H EBITDA rising 175% year-on-year to 3.13 billion roubles, as 1H revenues jumped 51% to 13.86 billion roubles. The [...]