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MOSCOW, Aug 13 (PRIME)

RUSAL swings to $124 mln IFRS net loss in January–June

MOSCOW, Aug 13 (PRIME) -- Russian aluminum producer RUSAL posted a net loss of U.S. $124 million in January–June after a net profit of $625 million in the same period of 2019, as calculated under International Financial Reporting Standards, the company said in a statement on Thursday.

X5 Retail says IFRS Apr–Jun net profit rises by 21% to 16 bln rbl

MOSCOW, Aug 13 (PRIME)
The net profit of Russia’s X5 Retail Group, the owner of Pyaterochka, Perekrestok and Karusel chains, rose by 20.5% on the year to 16.275 billion rubles in April–June, as calculated under International Financial Reporting Standards (IFRS), in accordance with the IAS 17 standard, the company said on Thursday.

IEA: Russia complies with OPEC+ oil output cut deal 96% in July

MOSCOW, Aug 13 (PRIME)
Russia’s oil production rose by 10,000 barrels per day to 8.6 million barrels per day, in July, meaning that the country’s compliance with the OPEC+ oil output reduction deal amounted to 96%, the International Energy Agency (IEA) said in a report on Thursday.

PM says Russia's copper output to grow 15–20% with Baimsky plant

ANADYR, Aug 13 (PRIME) – Russia's copper production will rise by 15–20% after the launch of Baimsky GOK ore-dressing plant on the Chukchi Peninsula, Prime Minister Mikhail Mishustin said at a meeting on the plant construction on Thursday.
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MOSCOW, Jun 3 (PRIME) -- The OPEC+ oil output cut agreement has already influenced the energy market positively, bringing back stability, but full recovery from a slump triggered by the coronavirus pandemic should not be expected earlier than in 2022, Equatorial Guinea’s Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima said in an interview with PRIME released on Wednesday.
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