Urals crude price to average $63-65 in 2007
Russia`s finance minister said Friday the price of Urals crude will average at $63-65 per barrel in 2007, with the federal annual budget being based on a price of $61.
French oil major Total SA gives "second breath" to Shtokman
The board chairman of Russia`s natural gas monopoly said Friday the involvement of French oil major Total SA had provided a boost to the giant Shtokman natural gas project in the Arctic.
TNK-BP poised to sell minor production unit
TNK-BP plans to sell Buguruslanneft, one of its production units between the Volga and the Urals, the Russian-British joint oil venture said Friday.
European shares mostly fall in global equities rout
European stocks mainly fell on Friday as investors ran for cover following sharp losses across global equities that were linked to fresh economic woes in the United States, dealers said.
Oil prices rise above $75 a barrel
Oil prices advanced Friday, clawing back some losses from the previous session when crude fell by nearly $1 a barrel on worries a slowing U.S. economy would cut petroleum consumption.
Court: Yuganskneftegaz $512 million payment unlawful
The Moscow District Federal Arbitration Court confirmed Thursday that an international commercial arbitration court`s ruling that Yuganskneftegaz pay 13 billion rubles ($511.6 million) to Yukos Capital S.a.r.l. was unlawful.
Russia`s Norilsk Nickel extends offer for LionOre till August 13
Russian metals giant Norilsk Nickel [RTS: GMKN] said Tuesday it had re-extended its cash offer to acquire the common stock of Canada`s gold and nickel producer LionOre until August 13.
Dollar rises 1.11 kopeks, Euro slips 2.01 on MICEX
The average weighted dollar rate for contracts with "tomorrow" settlements was 25.3964 rubles during Tuesday morning`s unified trading session on the Moscow Interbank Currency Exchange (MICEX), up 1.11 kopeks from Monday.
Court upholds $145 mln tax claim against crude producer RussNeft
The Moscow Arbitration Court upheld Tuesday a decision by the Russian Federal Tax Service to charge 3.7 billion rubles (about $145 million) in back taxes from crude producer RussNeft.
Ruussian electricity monopoly UES`s 2006 IFRS net profit up 490%
Unified Energy System`s net profit calculated to International Financial Reporting Standards increased 490% year-on-year in 2006 to 149.5 billion rubles ($5.8 billion), the electricity monopoly said Friday.
GAZ posts $2.6 million losses in 1H07
Russian carmaker GAZ posted losses worth 66 million rubles ($2.6 million) calculated to Russian Accounting Standards in the first half of 2007, against 85.5 million rubles ($3.36 million) in profits for the same period last year.
Ministry proposes forming united Russian machine-building co.
Russia`s Industry and Energy Ministry proposed Friday that the Russian government consider setting up a united machine-building company on the basis of a public-private partnership, an idea received coolly by the economics ministry.
Russia`s foreign debt falls 8% in 6M07 to $47.8 bln
Russia`s state debt fell 8.1% in the first six months of this year, from $52 billion to $47.8 billion, the Finance Ministry said Friday.
Russia`s inflation 0.6% in first half of July
Russia`s inflation rate totaled 0.6% in the first 16 days of July, against 0.4% in the same period last year, the Central Bank`s chairman said Thursday.
Dollar slips 1.85 kopeks, euro - 4.52 kopeks on MICEX
The average weighted dollar rate for contracts with "tomorrow" settlements was 25.4216 rubles during Thursday morning`s unified trading session on the Moscow Interbank Currency Exchange (MICEX), down 1.85 kopeks from Wednesday.
Gazprombank to set up subsidiary in London
Gazprombank has decided to open a financial company in London, the bank`s press service said Thursday.
Work on second leg of East-Siberian pipeline could start 2015
Construction on the second leg of the East Siberia-Pacific Ocean (ESPO) pipeline, managed by state-run pipeline operator Transneft, could begin in 2015-2017, a deputy industry and energy minister said Thursday.
Chinese economy grew 11.9 percent in 2Q
China`s sizzling economy expanded by a stunning 11.9 percent in the second quarter from a year ago, the government said Thursday, and announced it would take new steps to cool the boom.
Russian aircraft-building giant UABC could hold IPO in 2008
Russia`s United Aircraft-Building Corporation, formed last year from leading domestic plane producers, could hold an IPO in 2008, the economics minister said Tuesday.
Russia set to sign WTO accession protocol with Cambodia soon
Russia intends to sign documents on its accession to the World Trade Organization with Cambodia in the near future, a government official said Tuesday.
Ochakovo brewery accused of pollution says water test flawed
Russia`s Ochakovo brewery, which was accused by the environmental regulator of polluting a river in Moscow, said the water tests were flawed, the company press service said Tuesday.
Russia`s Technopromexport to raise at least $300 mln from IPO
State-controlled power plant builder Technopromexport is likely to hold an initial public offering (IPO) in the second half of 2008 to raise at least $300 million, a government official said Tuesday.
U.S.`08 campaign silence belies importance of China
Food safety fears and broad economic concerns keep China in U.S. headlines, but the epochal rise of America`s greatest potential rival has barely rated a blip so far in the 2008 presidential campaign.
Euro rises 0.04 kopeks, Dollar slips 1.65 kopeks on MICEX
average weighted euro rate for contracts with "today" settlements was 35.1115 rubles during Tuesday morning`s unified trading session on the Moscow Interbank Currency Exchange (MICEX), up 0.04 kopeks from Monday.
Vnesheconombank denies buying 50% stake in Tomskneft oil co.
The state-controlled foreign trade bank Vnesheconombank (VEB) denied Thursday it has purchased a 50% stake in the Siberia-based Tomskneft oil company.