- Andrey Gromadin
- Arthur Cherkesov
- Cole Akeson
- Konstantin Samarin
- Research Team
CIS Market Daily - January 14, 2022
MARKET COMMENT - A 6% CORRECTION ON DIPLOMAT QUOTES, BUT THE OVERALL BACKDROP IS MORE COMPLEXThe RTS saw its sharpest fall since April 2020, coinciding with negative remarks from diplomats regarding recent days' negotiations. However, the broader picture even on that issue is more complex. Meanwhile, Russia indicators have bounced back overnight. Global stock markets are under pressure separately, largely due to hawkish remarks from Fed officials that are of particular concern for growth stocks.STORIES> Novatek operating update points to strong 4Q21> Transneft releases preliminary 2021 results, guides for 2022> Halyk Bank: Where from here?
Novatek is an independent gas producer and natural gas producer in Russia. Co. is engaged in the exploration, production, and processing of natural gas and liquid hydrocarbons. Co.'s upstream activities are concentrated in the Yamal-Nenets region, which is a natural gas producing area and accounts for a significant part of Russia's natural gas production. Co.'s three core fields are located in the regions of Yurkharovskoye, East Tarkosalinskoye and Khancheyskoye. Co. maintains natural gas reserves of approximately 1,144 bcm. Co.'s total net proved reserves totals around 8,088 million barrels of oil equivalent (boe).
Transneft is an oil pipeline group based in the Russian Federation. Co. and its subsidiaries operate a crude oil pipeline system totalling 50,142 km. Co. transport millions of tons of crude oil to domestic and export markets. Co. produces a substantial majority of the crude oil in the territory of the Russian Federation. In addition, Co., through Group Transnefteproduct operates an oil products pipeline system in the Russian Federation and in the Republics of Belarus and Ukraine totalling 18,746 km. Through its associate OOO LatRosTrans, Co. operates an interconnected system in the Latvian Republic.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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