Tag: Russia

Russian production of stainless steel in 2006 was 127,400tns, which was the same as the production figure for 2000.

Jindal Stainless Ltd is planning to spend USD 100 million in building a plant in NW Russia to produce 400,000tpy of stainless steel slab.

ThyssenKrupp Services AG, (Düsseldorf, Germany), the services arm of the ThyssenKrupp Group, is investing around EUR 18 million in the construction of two new warehouse, logistics and processing centers in Russia to be used by ThyssenKrupp Materials (Russia), a Moscow-based materials services company founded in 2004.

China-based Taiyuan Iron & Steel Corp. (Tisco) has announced plans to double its stainless steel output and export volume this year.

Outokumpu Technology Oyj has signed a contract with nickel and PGM (Platinum Group Metals) producer MMC Norilsk Nickel for the modernization of a flash smelting production line at Nadezhda metallurgical plant in Norilsk, Russia.

Russia may sue Royal Dutch Shell’s Sakhalin group in international courts to claim billions of dollars in damages or even scrap the USD 22 billion production sharing deal, a Russian official said on 14 November 2006.

Russia has prolonged an environmental inspection of Royal Dutch Shell’s USD 22 billion Sakhalin-2 project and the oil and gas scheme could face prosecution, the natural resources minister said on 24 October 2006.

Costs on the politically sensitive Royal Dutch Shell-led Sakhalin-2 gas project in Russia could rise to USD 28 billion, the Observer reported citing a leaked Russian government report.

The presidents of Russia and Kazakhstan, Vladimir Putin and Nursultan Nazarbayev, have signed a deal creating a joint venture to process natural gas from Kazakhstan's giant Karachaganak field at Russia's Orenburg refinery.

Canada’s Petro-Canada is gradually moving towards development of a new Baltic LNG plant in Russia, the company has confirmed.