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Top news Far East: Japan, Vladimir Putin

March 14 – March 20

Citizens of Russia dwelling in the Far East almost panicked fearing radiation exposure from Japan. Prime Minister Vladimir Putin urged local authorities and private companies to finish construction of many energy generating objects to be able to export electricity to Japan sooner. Learn more in weekly overview of events by FederalPress.

Citizens of Russia dwelling in the Far East almost panicked fearing radiation exposure from Japan. Prime Minister Vladimir Putin urged local authorities and private companies to finish construction of many energy generating objects to be able to export electricity to Japan sooner. Learn more in weekly overview of events by FederalPress.

Nuclear problem

Far East was shaken by the reports from Japanese nuclear power plant on fire. Authorities made their best to calm people down by publishing regular reports of background radiation on all emergency services official websites. Rospotrednadzor make a link to a radiation dosimeter webcam to inform people in real time. No dangerous levels of radiation have been recorded.

All fishing-related agencies reported, fishing was safe and there was no danger of getting radiation to fish and sea life.

Nonetheless, some people panicked. All dosimeters were sold out as well as iodine, iodine-containing products, and red wine. People shared their home dosimeters data online.

Many of the oil companies employees decided to leave Sakhalin and travel to central Russia. Aeroflot and TransAero had to make extra-curricular flights from Yuzhno-Sakhalinsk to Moscow.

Electric power

Vladimir Putin promised to speed up construction of the trunk pipeline Eastern Siberia – Pacific Ocean and start gas supplies to Japan.

RAO ES of the East provided draft plan of energy export to Japan. Coal-fueled thermal electric power stations located on Sakhalin and Sovetskaya Gavan, Khabarovsk Region, are able provide electric power via underwater cable. The project’s cost estimates 186 billion rubles.

140 dollars per 1 thousand cubic meters of gas is optimal price for domestic market, Prime Minister acknowledged. He urged to speed up construction of Rosneft’s petrochemical plant in Nakhodka, and gas-chemical facilities in Yakutia.

Crops

Authorities of Primorsky Region reviewed the list of potential investors to support construction of a new crops terminal at the Commercial Port of Vladivostok. The offer of participation was made to the government of South Korea. FESCO transport group was the company announcing this project in the first place, but later deciding to suspend it until 2012.

New crops terminal is intended to serve supplies of crops from Siberia to South East Asia, mostly Japan and South Korea.

Market players mark that the major hindrance for this project is a still active prohibition of crops export. The federal government will review this issue not earlier than July 2011, the first vice Prime Minister Viktor Zubkov said.

ALROSA distributes dividends

ALROSA, the world’s leader in diamond production, published operational results for 2010 and recommended to distribute dividends for the first time since 2008. Dividend amount will be three times less than three years ago. Net income of the company made 8.78 billion rubles, 21 percent of it will be distributed among shareholders.

ALROSA currently is a closed joint stock company, 51 percent of which belongs to the Russian Property governmental agency, 32 percent belongs to the government of Yakutia and 8 percent is owned by eight territories of Yakutia. In April this year shareholders meeting will finally decide to transform the company into an open JSC. Then ALROSA’s stock will be placed at the stock exchange markets for trading.

Ports in Khabarovsk SEZ

Khabarovsk authorities announced three investors most likely to become residents of the special economic port zone in Sovetskaya Gavan.

Petropavlovsk Group of Companies plans to build an iron ore terminal there. Rosagrosnab plans to build a crops terminal with the capacity of storing 2 million tons of crops a year. The third company plans to construct an oil loading terminal.

The ports of Khabarovsk Region will be served by Baikal-Amur Mainline. Its oil traffic capacity will increase by 15 percent by 2013 and will double by 2016.

Transbunker Group of Companies stroke an agreement with the governor of Khabarovsk Region Vyacheslav Shport about modernization of oil processing plant located at the port of Vanino. The project costs 5 billion rubles, it will allow increasing the plant’s capacity by three times reaching 1.6 million tons annually. It is expected to finish reconstruction works by 2013.

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