bne_newspaper_July_05_2019

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Content:
2 Top Stories
3 The Regions This Week 7 Chart
9 bne Invest
12 Central Europe 13 Southeast Europe 14 Eastern Europe 17 Eurasia
18 Opinion
22 bne Tech
July 5, 2019 www.intellinews.com
Opec said to prolong cuts by 9 months following Russia and Saudi Arabia approval
The participating countries of the Organisation of Petroleum Exporting Countries (OPEC) has agreed to prolong the so-called Opec+ oil output cut deal by another nine months, Reuters reported on July 1 citing an unnamed Opec delegate.
As reported by bne IntelliNews, Russia and Saudi Arabia also agreed to prolong the Opec+ deal, under which 25 oil producing countries cut
the extraction by 1.2mn barrels as compared
to October 2018. Russia has committed to
Russian debt and equity placements in 6M19 up 25% from 2018
bne IntelliNews
Debt and equity deals by Russian corporate issuers in January-June 2019 have already exceeded all placement volume for the entire last year by 25%, RBC business daily reported on July 2 citing the estimates of Dealogic platform.
Notably, the equity deals soared 2.5-fold in 1H19 as compared to 2018. The Russian market saw 26
prolonging the deal by either six or nine months, according to President Vladimir Putin. Russia would have to keep cutting its output by 230,000 barrels daily.
The decision largely usurps the OPEC biannual meeting in Vienna next week where traditionally the members of the cartel have met to thrash out production agreements.
See page 2
equity capital market (ECM) deals worth $1.9bn, versus eight deals of $739mn in 2018.
As reported by bne IntelliNews, the largest deals included an SPO of Nornickel and Evraz, SPO of TCS Group, SPO of Polyus gold miner, and an IPO of Head-
See page 2