News

Russia secedes control over Murmansk commercial port

Aug 22 2014

Russia secedes control over Murmansk commercial port

Dmitry Medvedev signs a decree to let the Government withdraw from Murmansk Commercial Port. The move will presumably remove administrative barriers.

 

Russian Government will cease to be a holder of a “golden share” in the port stake. Since 2010, this special privilege has been a guarantee that no serious decision could be taken without a nod from the authorities.

Imports of Norwegian smolt resumed

Aug 21 2014

Imports of Norwegian smolt resumed

Norwegian suppliers resumed shipments of salmon smolt for Russian aquaculturists shortly after the sanctions list had been shrunk.

 

Russia revised its sanctions list yesterday to reopen imports of smolt. The first batch of 200.000 juvenile fishes for Murmansk is about to be shipped, says the Fishery Union.

Foreigners allowed to enter Lavna

Aug 21 2014

Foreigners allowed to enter Lavna

July 03, the Russian Government lifted restrictions that used to keep foreigners away from the Western shore of the Kola Bay. Norwegian subcontractors will henceforth be allowed to work in the area.

 

The Norwegian company Borealis Transport AS won a tender for transport services related to Rosneft’s drilling activities in the Kara Sea. 

Rosneft and Statoil start exploration operations in Norway

Aug 19 2014

Rosneft and Statoil start exploration operations in Norway

18th of August, Rosneft together with Norwegian company Statoil Petroleum AS started exploration operations at the Pingvin License PL713 prospect in the Norwegian section of the Barents Sea.

 

The first exploration well Pingvin-1 will be drilled by the Transocean Spitsbergen rig. The water depth is 422 meters and the drilling target total vertical depth (TVD) is 1516 meters. The companies expect to analyse the drilling results until the end of 2014.

Murmansk port economic zone may collapse

Aug 19 2014

Murmansk port economic zone may collapse

The federal Ministry of Economic Development is revising a list of economic zones in Russia. Those who have failed to attract residents over three years might lose their status of a tax paradise.

 

Murmansk port economic zone is on the list of residents-free outsiders. According to the formal procedure, after three years of idle waiting, the Government may close down the economic zone in Murmansk or extend the terms of the agreement to keep it operating. Russian Government opened the zone in Murmansk in October 2010, so the time is now.

Russian-speaking cheese stays in Finland

Aug 18 2014

Russian-speaking cheese stays in Finland

Food labeled in Russian appeared on the shelves of Finnish shops at discount prices.

 

According to Finnish media, the company "Valio" sells its cheese of "Oltermanni" brand in a trading network "Prisma", which belongs to the S-group, in one-kilo Russian-labeled packages. It costs by half cheaper than the same cheese in the package with the words in Finnish.

Chinese goods may come to US via Murmansk

Aug 18 2014

Chinese goods may come to US via Murmansk

First meeting of the Russian-Chinese working group on transit cooperation was held in Sochi, August 13.

 

The Chinese side of the first meeting of the Russian-Chinese working group on transit was headed by Deputy Minister of Transport of the People's Republic of China Weng Mengyong. Russia was represented by Deputy Minister of Transport of the Russian Federation Alexei Tsydenov [pictured].

Two Murmansk officials caught red-handed

Aug 18 2014

Two Murmansk officials caught red-handed

2 young officials caught in the act of bribery.

 

A criminal case on suspicion of taking bribes in a large amount was opened against an employee of the Ministry of Construction and Territorial Development of the Murmansk region and an employee of the Department of Property Relations of Kola city (Murmansk region).

Rosneft may revive Murmansk

Aug 15 2014

Rosneft may revive Murmansk

In view of a promising start of exploratory drilling in the Kara Sea, Murmansk may get its own piece of the pie. Rosneft has a plan for Murmansk.

 

After Shtokman delays and disappointments, Russian and foreign investors seem to have lost major interest in the Murmansk region. However, new discoveries in the Kara Sea might revive local economy.

Will trawlers find the way home?

Aug 15 2014

Will trawlers find the way home?

Federal Fishery Agency proposed a solution to the problem of non-calling ships.

 

The enterprises of the Russian fishing industry are mostly medium-scale businesses. At the same time the capacity of domestic shipyards is still limited and their services are quite expensive.