Page 87 - RusRPTFeb20
P. 87
9.1.13 Other sector news
Russian arms sales remained stable in 2018, holding on to its second place globally after the US, a report released from the Stockholm International Peace Research Institute (SIPRI) shows. The combined arms sales of the 10 Russian companies in the 2018 ranking were $36.2bn, making only a marginal decrease of 0.4% year-on-year. "Their share of total Top 100 arms sales fell from 9.7% in 2017 to 8.6% in 2018," SIPRI writes. However, among the 10 Russian companies listed in the Top 100, the trends are mixed, with five companies posting an increase in arms sales, and another five showing a decrease. Russia’s largest arms producer, Almaz-Antey, was the only Russian company ranked in the global top 10 (at 9th position) and accounted for 27% of the total arms sales of Russian companies in the Top 100.
9.2 Major corporate news 9.2.1 Oil & gas corporate news
● Gazprom
Elena Burmistrova, the head of Gazprom Export, told Vedomosti that Gazprom plans to keep its European export volumes close to the 2018-19 levels (199-202 bcm) in the medium term, although there is a chance for deviation from the target in certain years due to the weather. As opposed to previous years, the company has not provided guidance on volumes and prices in 2020.
Gazprom has signed memoranda of understanding with Petrobangla and BAPEX, Bangladeshi state companies, that might allow it to increase gas
87 RUSSIA Country Report February 2020 www.intellinews.com
