A company earlier believed to be affiliated with Russian state-owned crude producer Rosneft bought overseas assets of bankrupt oil company Yukos for 7.8 billion rubles ($307 million) at an auction Wednesday.
Russia`s United Aircraft Building Corporation (UABC), formed last year from leading domestic plane producers, will expand its partnership with the world`s two largest aircraft makers, Boeing and Airbus, UABC`s president said Wednesday.
Russian metals giant Norilsk Nickel [RTS: GMKN] said Tuesday it had purchased over 97.7% of shares of Canada`s nickel and gold producer LionOre under its cash offer, and started compulsory acquisition of the remaining stock.
Japan`s Nikkei plumbed a 2007 low and other Asian stock markets fell as much as 6 percent on Wednesday as investors shunned risky trades amid growing credit jitters, pushing the yen to a 4 and a half month high.
Central banks around the globe pumped billions of dollars into banking systems on Friday in a concerted effort to beat back a widening credit crisis, and they pledged to do more if needed.
Russian gas monopoly Gazprom announced Friday an increase in allocations for its 2007 investment program to 779 billion rubles ($30 billion), 47% more than the figure agreed on last December.
Russian gas giant Gazprom could become the richest company in the world, a Russian first deputy prime minister said in an interview with a German magazine Thursday.
Iraq`s oil minister said on arriving in Moscow Wednesday that Russian crude producers will have to compete on equal terms with other companies in the oil-rich country.
Oil prices rose Thursday in Asia after a U.S. government report showed big declines in crude and gasoline stockpiles and an unexpected drop in refinery activity.
The following rates of exchange of foreign currencies to the ruble of the Russian Federation have been fixed for the purposes of accounting and customs duty payments from August 8, 2007:
Russian auto maker Severstal-Avto has filed an application with the economics ministry for industrial assembly of Isuzu trucks in Russia, a ministry official said Tuesday.
Russia`s president called Monday for improvements to rules for foreign investment in the country`s oil and gas sector, to ensure clarity and transparency.
Belarus will pay its remaining debt for Russian natural gas deliveries in full by Friday, a spokesman for the country`s gas pipeline operator Beltransgaz said Monday.
Russia will build two factories for production of the famous Kalashnikov assault rifle and ammunition in Venezuela by 2010, a Russian arms manufacturer said Monday.
Consumers in Europe and Russia`s Baltic region of Kaliningrad will not be affected if Belarus starts tapping Russian gas from transit pipelines, a Gazprom spokesman said in a radio interview Friday.
The following rates of exchange of foreign currencies to the ruble of the Russian Federation have been fixed for the purposes of accounting and customs duty payments from August 3, 2007:
Alrosa sold diamonds worth $36 million at a global auction in Moscow, the press service of Russia`s largest diamond producer said Wednesday.
Belgazprombank, a Belarus-based bank controlled by Russian energy giant Gazprom, said it was ready to lend Minsk $500 million to cover its six-month debt for Russian natural gas supplies, the bank chairman said.
The Russian-Chinese oil company Vostok Energy bought two oil and gas wells in East Siberia at an auction for $45 million, around six times more than the guide price of $7 million.
Russia`s Locko-Bank has completed placement of a Eurobond issue in a volume of 3 billion rubles (about $118 million), the bank`s press office said Tuesday.
The Board of Directors of OAO Oil and Gas Company RussNeft has approved its President Mikhail Gutseriev’s declaration about deliberate laying down of the power of the president of Oil and Gas Company RussNeft.
Russia`s GDP will possibly double against 2002 by years 2012-2014 if it keeps its annual growth rate at 7.2%, the Russian finance minister said Saturday.
Russian energy giant Gazprom has acquired controlling stakes in wholesale generating companies OGK-2 and OGK-6, as well as minor stakes in three territorial generating firms, the head of Unified Energy System said Friday.
Russia`s finance minister said the government had given informal approval for a $1.5 billion loan for Belarus to buy Russian natural gas following price hikes.
Thailand, the epicentre of the 1997 economic crisis, on Saturday called for global cooperation to cope with financial volatility following a regional stock sell-off sparked by Wall Street losses.