Russia and Saudi Arabia to meet for WTO talks
The Russian delegation will arrive on Wednesday in Geneva to hold negotiations with Saudi Arabia on Russia`s accession to the World Trade Organization (WTO), Russia`s chief WTO negotiator said.
Russia`s Rambler Media H1 2007 net profit $6.7 mln
Rambler Media, the British-registered owner of Russia`s Rambler Internet portal, said on Tuesday its first half net profit was $6.7 million compared with a net loss of $0.5 million a year ago.
Tycoons still eyeing Russian equipment maker
Russian steel magnate Alexei Mordashov became a co-owner of Power Machines, having purchased a 30.42-percent stake in the Russian power equipment maker for around $470m, despite the stake`s market price of $510m.
Vote on buyout set at Clear Channel
More than 10 months after the deal was first announced, Clear Channel Communications Inc. shareholders will get the chance to vote on a proposed $19.5 billion buyout of the radio giant.
Mideast unaffected by Russian arms sales to Syria
Russian arms sales to Syria do not disturb the balance of forces in the Middle East, Russia`s acting foreign minister said Monday.
Oil prices fall to $81.34 a barrel
Oil prices fell Monday after a tropical depression in the Gulf of Mexico dissipated without causing damage to key oil and gas infrastructure.
Russia Far East economic forum closes in Khabarovsk
The 2d Russian Far Eastern international economic forum finished its work in Khabarovsk on Wednesday.
LUKoil, ConocoPhillips eyeing joint project in Turkmenistan
LUKoil is planning to take part in developing three hydrocarbon fields in Turkmenistan on a parity basis with the US-based company ConocoPhillips, the Russian oil giant`s President Vagit Alekperov told journalists.
First Deputy PM stands for defense industry development
Russia`s acting First Deputy Prime Minister Sergei Ivanov has stressed the need to meet the increasing demands of the fuel and energy industry using the research and production capacity of the defense industry.
Asia stocks jump after Wall Street surge
Asian stocks soared Wednesday in the wake of Wall Street`s overnight surge spurred by the U.S. Federal Reserve`s larger-than-expected interest rate cut.
Low-enriched uranium reserves to appear in Siberia
Russia plans to create guaranteed reserves of low-enriched uranium worth up to $300 million at an international nuclear center in Angarsk, East Siberia, Russia`s nuclear chief said Tuesday.
Increase in oil, gas drilling projected
Oil and gas drilling on federal lands across the Rocky Mountain West could increase by more than 160 percent over the next two decades due in part to pro-industry regulations enacted by the Bush administration, according to a report by an environmental group.
Russia`s Sukhoi plans raising production of civilian aircraft
Russian aircraft manufacturer Sukhoi is planning to increase output by 40% to $2 billion by 2010, mainly by raising production of civilian aircraft, the company`s CEO said Tuesday.
MMK raises loan from bank consortium
An international consortium of banks including ABN AMRO, Deutsche Bank AG and ING Wholesale Banking and Magnitogorsk Iron and Steel Works (MMK) have signed a EUR365m loan agreement for a 10-year term.
Capital inflow in Russia grows
Capital inflow into Russia since the start of 2007 was $70 billion, President Vladimir Putin said Friday.
Russia`s reserves edge up
Russia`s gold and foreign exchange reserves stood at $417.1bn as of September 7, up $1.1bn, or 0.3 percent, from a week earlier.
Oil prices retreat from record high
Oil prices fell Thursday as traders took profit after a surprisingly large drop in U.S. crude inventories drove oil futures above $80 a barrel for the first time ever. ADVERTISEMENT
Oil prices stable ahead of OPEC output decision
World oil prices steadied on Tuesday amid uncertainty over whether OPEC will decide to hike its crude output or leave the cartel`s quotas unchanged at its meeting taking place in Vienna.
Gazprom to pick another partner for Shtokmans project by mid October
Gazprom plans to pick another partner in a project to develop the Shtokman natural gas field in the Arctic, a top manager of the Russian energy giant said Tuesday.
Gazprom increases gas supplies to Turkey
Russia`s natural gas monopoly Gazprom said Monday it has increased gas supplies to Turkey from 20 million to 30 million cubic meters per day after a major explosion on a pipeline bringing gas from Iran halted supplies late Sunday.
Timoshenko: Ukraine needs more oil refineries
Yulia Timoshenko believes that at least two more refineries must be constructed in Ukraine. She made the statement, while presenting her economic reforms action plan to foreign investors. However, the BYT leader did not specify what kind of ownership they should be.
New nuclear power plant cost Armenia $2 billion
A new nuclear power plant (NPP) being built in Armenia on the site of an existing facility will end up costing about $2 billion, Armen Movsisyan, the Armenian energy minister, told parliament Friday.
US economy loses jobs for first time in 4 years
The world`s largest economy was hit with surprise job losses in August as a housing slump and a pullback in home construction triggered increased layoffs, a government report revealed Friday.
Modernization of Druzhba oil pipeline to start this autumn
The program for repairing Druzhba oil pipeline is to take a year and a half and to start this autumn, Deputy Head of the Russian Federal Environmental, Technological and Atomic Watchdog Boris Krasnykh announced at a news conference at REGNUM press center.
Russia signs deal on $1 bln loan to Indonesia for arms purchases
Russia has signed an agreement with Indonesia to provide a $1 billion credit line to the southeast Asian country for Russian weapons purchases.