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.
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.
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 into Russia since the start of 2007 was $70 billion, President Vladimir Putin said Friday.
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 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
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 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.
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.
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.
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.
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.
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 has signed an agreement with Indonesia to provide a $1 billion credit line to the southeast Asian country for Russian weapons purchases.
Russia`s economy is projected to expand 6.4% in 2007, down from 6.7% in 2006, according to experts at the United Nations Conference on Trade and Development (UNCTAD).
Russia is unlikely to complete all necessary formalities to join the World Trade Organization (WTO) by the end of this year as was planned previously, the economics minister said Thursday.
Boris Alyoshin, who heads Russia`s Federal Agency for Industry, will become of the country`s largest automaker AvtoVAZ, a source in the agency said Thursday.
Russian President Vladimir Putin arrived in Jakarta on Thursday with a large delegation of energy, banking and weapons officials for a one-day visit to boost trade and economic ties.
Russian wholesale generating company OGK-2 said Tuesday it planned to float 31.2% of its enlarged charter capital on the London Stock Exchange, but gave no timeframe.
Tajik President Emomali Rakhmonov has signed a resolution to break off one-sidedly the agreement on long-term cooperation between the Tajik government and RUSAL dated back to October 16, 2004, because the company failed to fulfill its obligations.
Novolipetsk Steel [RTS: NLMK] said Tuesday its U.S. GAAP net profit increased 12.8%, year-on-year, in the first half of 2007, to $1.06 billion.
South Korea`s Hyundai Heavy Industries Co., the world`s largest shipbuilder, will build six tankers for the Primorsk Shipping Company in 2008-2009, the Russian Far East-based company said Monday.
Dubai-based market operator Borse Dubai on Friday presented a 3.97-billion-dollar (2.94-billion-euro) bid for Nordic stock market operator OMX, valuing the group 13.7 percent higher than a rival bid by Nasdaq.
Forbes Magazine has named Great Britain the biggest investor in Russia in the first half of 2007. That is according to the Russian Federal service.
Russia is planning to manufacture more than 4,500 civilian and military aircraft by 2025, worth $250 billion, the head of the Russian aircraft manufacturing mega-holding said Wednesday.