Sakhalin II project met with approval of international consultants
Consultants give environmental approval to
Transneft could get new chief this week
Russia`s government could approve a new chief of state-controlled pipeline monopoly Transneft this week, business daily Vedomosti said on Tuesday, citing the Industry and Energy Ministry.
JP Morgan-led group pays $2.7 billion for Southern Water
A group of infrastructure funds led by JPMorgan Chase & Co agreed to buy UK water company Southern Water from Royal Bank of Scotland for about 1.3 billion pounds ($2.7 billion).
Expect: U.S. unemployment to rise further
The chief economist of international ratings agency Standard and Poor`s expects unemployment in the U.S. to rise further and said the world`s largest economy was only halfway through the present housing crisis.
Russia Rosneft ups 2007 output target to 2 mln bpd
Russia`s largest oil firm, Rosneft, said on Monday it had raised its 2007 oil output target due to bigger than expected organic growth at existing fields and acquisition of new assets of bankrupt oil firm Yukos.
Russia dismisses `hysteric` complaints in gas row
Russia`s gas chief and deputy prime minister scoffed on Sunday at what he saw as hysterical behaviour from other countries about paying for gas, just days after Moscow threatened to turn off supplies to Ukraine.
Norilsk Nickel reports H1 investment
Norilsk Nickel invested $4.209bn in its group companies during the first six months of 2007, the company reported yesterday.
Russian steel maker pays $2.3 bln to win Yakutia coal assets
Russian coal miner and steel maker Mechel paid 58.2 billion roubles ($2.33 billion) on Friday to win an auction for extensive coal assets in the far eastern region of Yakutia.
Russia gold and forex reserves increase on Sep 22-28
Russia’s gold and foreign exchange reserves increased by 2.6 billon dollars (by 0.6 percent) from 422.5 to 425.1 billion dollars on September 22-28, the economic new agency PRIME-TASS reports on Thursday with reference to the Central Bank of Russia.
Russia`s MMK acquires stake in coal miner Belon
Magnitogorsk Iron and Steel Works, Russia`s third-largest steel maker, has bought 10.75 percent of coal miner and steel trader Belon Group and plans to increase its stake in the firm to secure raw materials.
Russia seeks to ease EU fears in Ukraine gas dispute
Russia on Wednesday allayed European fears of a potential gas supply crisis due to a payment row with Ukraine after the government in Kiev sent a minister to Moscow and pledged to settle the dispute.
Siemens to facilitate Russia`s locomotive production
The Russian pipe tycoon Dmitry Pumpyansky is looking to gain a foothold in the railway engineering market by arming himself with foreign technology.
Chubais: Russia`s OGK-2 may place more shares
Russian electricity producer OGK-2 may hold another share sale or a bond offering after failing to raise the $1.7 billion it had sought via a London float, the CEO of its parent company said Tuesday.
Sochi property owners fear state takeover
The Russian government is about to adopt what it calls an "Olympic Law" to oversee the development of Sochi, following the city`s successful bid to host the 2014 Winter Olympics.
Volvo to start plant construction in Kaluga Region soon
Swedish car maker Volvo plans to start construction of a truck plant in the Russian region of Kaluga, southwest of Moscow, on October 15, the company said Monday.
Oil prices slip further in Asian trading
Oil prices slipped further Tuesday but held above $80 a barrel as investors stayed on the sidelines ahead of the U.S. Energy Department`s weekly report due Wednesday.
Dow Jones passes 14,000 for record high
Wall Street began the fourth quarter with a huge rally Monday, sending the Dow Jones industrial average to a record close. Stocks were buoyed by a growing belief that the worst of the credit crisis has passed.
Russia has not seen such growth of investment in economy over the last 30 years
Total investment in Russia`s economy in 2010 will reach $360 billion, 800% growth since 2000, a Russian deputy prime minister said Friday.
Bristol-Myers pays 515 mln dlrs to end fraud, kickback probe
Bristol-Myers Squibb will pay 515 million dollars to settle a probe into illegal kickbacks to doctors and fraudulent pricing of its drugs to government health programs, officials said Friday.
China launches company to manage $ 200 bln of forex
China launched Saturday a long-anticipated state-owned investment company that is intended to manage around 200 billion dollars, or nearly one sixth of the nation`s massive foreign exchange reserves.
The largest Russian airport has chosen lenders for development of Terminal- 2
The tender was completed in August 2007. The winning parties - Sberbank and HSH Nordbank, of Germany - will finance the project,"Expansion and Reconstruction of Terminal 2.", and act as organizers and underwriters of the syndicated loan facility.
Import of Chinese cars to Russia grows rapidly
More than 50,000 cars made in China will be sold in Russia by the end of 2007, Vice President of the Russian Chamber of Commerce Sergei Katyrin said on Friday.
Dollar down 1.26 kopeks, euro is up
official dollar rate set by the Russian Central Bank from September 29 is 24.9493 rubles, down 1.26 kopeks from Friday, the Central Bank said.
Russian PM: "The prospects of Russia’s operations on the world atomic market are very good"
Prime Minister Viktor Zubkov is optimistic about Russia’s prospects on the world atomic market. He spoke about it after visiting the Machine Building Plant in the city of Elektrostal, Moscow Region, which produces nuclear fuel.
Gazprom to hold board meeting
At a Board of Directors meeting today, Gazprom is planning to consider adjustments to the general gas industry development program until 2030. The program is being amended to factor in a government-approved electricity facility installation plan until 2020.