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Veropharm increases sales 15% to 4.5 bln rubles in 9mths - Basic Political Developments

Veropharm increases sales 15% to 4.5 bln rubles in 9mths


http://www.interfax.com/newsinf.asp?id=296344

MOSCOW. Dec 19 (Interfax) - Russian pharmaceutical company OJSC Veropharm (RTS: VRPH) increased its sales by 15% year-on-year to 4.534 billion rubles in January-September 2011, the company said on Monday.

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(Our editorial staff can be reached at eng.editors@interfax.ru)

Activity in the Oil and Gas sector (including regulatory)




Russia Urals exports to slip by 1.4 pct in Q1-schedule


http://www.reuters.com/article/2011/12/19/russa-oil-export-idUSL6E7NJ0NE20111219

2:45am EST

MOSCOW, Dec 19 (Reuters) - Exports of Russian Urals crude via the Transneft pipeline system will fall to 52.4 million tonnes in the first quarter of 2012, down 1.4 percent from the final quarter of 2011, the loading schedule showed on Monday.

Urals exports to all destinations will decline, except for the Russian Baltic port of Primorsk, where loadings will increase by 1.7 percent to 17.5 million tonnes in the first three months of the year.

The new Urals terminal at Ust-Luga, where the quay wall collapsed in November, a matter of days before it was due to load its first cargo, is expected to remain dry for the first quarter, as is the Polish Baltic port of Gdansk. (Reporting by Gleb Gorodyankin; Writing by Melissa Akin)

Russia's Tatneft denies agreed deal in Iran


http://af.reuters.com/article/energyOilNews/idAFASM0001NR20111219

Mon Dec 19, 2011 9:14am GMT

MOSCOW Dec 19 (Reuters) - Russian oil company Tatneft denied on Monday it had agreed to develop an oil field in Iran.

"Tatneft Group have not entered into any agreements, contracts and have not accepted any other undertakings relating to oil and gas projects in Iran," it said in a statement.

Iran's Oil Ministry said on Sunday Iran had signed a deal reportedly worth up to $1 billion with Tatneft to develop the Zagheh oil field, on the Gulf coast of Bushehr province. (Reporting by Maria Kiselyova; Editing by Douglas Busvine)

Russian, Iranian companies sign deal to develop Zagheh oil field


http://en.rian.ru/business/20111219/170353338.html

01:06 19/12/2011
MOSCOW, December 19 (RIA Novosti)
Iranian and Russian companies have signed a contract worth up to $1 billion to develop the Zagheh heavy oil field in south Iran, Iran's Petroleum Engineering and Development Company (PEDEC) said on its website.

The deal between PEDEC, the subsidiary of the National Iranian Oil Company (NIOC), and Tatneft, one of Russia's top ten crude oil producers, was signed on Sunday.

A statement by PEDEC says the deal is worth $1 billion, while Tehran Times puts the contract value at $700 million.

According to Press TV, Iranian Oil Minister Rostam Qasemi declined to specify the contract value.

"The contract is still in preliminary stages and its technical details are not ready yet. We hope to be able to estimate and announce its value in two months," Press TV quoted the minister as saying.

The deal was signed by Naji Sadoni, managing director of the Petroleum Engineering and Development Company and Rustam Minnikhanov, the leader of Tatarstan who also heads the Tatneft board of directors.

"By signing the contract, production capacity of the [Zagheh] oil field is set boost by seven thousand barrels per day in the first phase and 55 thousand barrels per day in the second phase," a PEDEC statement reads.

Iran is the second largest oil exporter among the OPEC countries and holds the fourth place in the world by oil output. Oil exports account for about 80 percent of Iran's revenues.
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