Business in Brief
- By Unknown
- Apr. 25 2008 00:00
Gazprom's Ukrainian Sales
KIEV -- Ukraine granted a unit of Gazprom the right to sell gas to industrial consumers in the country, fulfilling terms of an accord that ended a supply dispute this year.
A regulatory commission approved a five-year license for Gazprom Sbyt Ukraina, a spokesman for the body said Thursday. The unit "will be able to sell 7.5 billion cubic meters of gas per year," the spokesman said. (Bloomberg)
Weak Interest in Auction
The country's biggest banks borrowed 17.7 billion rubles ($750 million) in a special auction held by the Finance Ministry on Thursday to inject money into the banking system.
That was less than the 23.6 billion rubles borrowed in last week's auction. (Bloomberg)
Ingosstrakh Chief Dies
Vyacheslav Shcherbakov, chief executive and chairman of Ingosstrakh, billionaire Oleg Deripaska's insurance company, died. He was 62.
Shcherbakov's death overnight was "sudden," Ingosstrakh said Thursday, without giving the cause. (Bloomberg)
BusinessWeek Russia to End
The Russian edition of BusinessWeek will be closed when its contract expires, The McGraw-Hill Companies said Thursday, RIA-Novosti reported.
The weekly business magazine has been printed in Russia since September 2005 by the Rodionova publishing house, the news agency said. (MT)
Novolipetsk's Output Plans
Novolipetsk Steel said Thursday that it would spend $6.1 billion by 2015 to boost steel output in Russia.
Crude steel production will rise to 22 million tons at the company's Russian plants, Novolipetsk said. (Bloomberg)
Transaero to Expand Fleet
Transaero, the country's second-biggest operator of international flights, plans to expand its fleet by 39 percent this year as it adds routes to Asia.
Transaero will add up to six Boeing 747-model aircraft, four Boeing 777s, one Boeing 737, three Boeing 767s and one Tupolev Tu-214 this year, chairman Alexander Pleshakov said. (Bloomberg)
Oil Export Duties May Rise
Export duties on crude oil and refined products will hit a new high from June, following a spike in international energy prices, a Finance Ministry official said Thursday.
The official said the duty on crude oil would rise to $395 to $400 per ton, or by at least 16 percent. (Reuters)
Miller, Qatari Premier Meet
Gazprom CEO Alexei Miller met with Qatari Prime Minister Sheikh Hamad bin Jasim bin Jaber al-Thani.
They discussed possible cooperation between Gazprom and Qatar Petroleum in third countries at a meeting in Berlin, Gazprom said Thursday. (Bloomberg)
For the Record
Shareholders of food retailer Lenta agreed to changes to the board of directors and efforts to finance the chain's expansion, ending conflict over control of the company. (Bloomberg)
LUKoil plans to spend $5.5 billion to expand gas output in Uzbekistan during the next seven years. (Bloomberg)
LUKoil's board recommended paying a dividend for last year of 42 rubles ($1.78) per share. (Bloomberg)