Gazprom chooses Total for Shtokman first phase
Gazprom has chosen French oil major Total SA as a partner in the first stage of developing the vast Shtokman natural gas field in the Barents Sea, the chief executive said.
Russian minister says world situation behind bread price rise
Russia`s agriculture minister said Thursday that higher bread prices were being driven by the world situation, and that he saw no need to restrict grain exports.
WTO sets up U.S.-requested panel on EU banana rules
The World Trade Organisation (WTO) on Thursday launched a U.S.-requested panel to investigate whether the European Union (EU) has upheld a prior verdict against its banana import rules.
Russian farm produce to grow 23% in five years
Russia`s premier said domestic farm production will increase 23% by 2012 under the government`s five-year agricultural program, with agricultural development being one of the national welfare projects.
BMW sells Brazilian motor venture stake to Chrysler
German carmaker BMW has sold its 50 percent stake in Brazilian engine joint venture Tritec to DaimlerChrysler`s Chrysler Group division, BMW said on Thursday.
Transneft invests $6 bln in East Siberia pipeline
Transneft, Russia`s state-run pipeline operator, has invested 160 billion rubles ($6 billion) in the East Siberia-Pacific Ocean (ESPO) pipeline being built to transport crude eastward, the company`s president said Thursday.
Euro rises 1.72 kopeks on MICEX, dollar slips 1.96 kopeks
The average weighted dollar rate for contracts with "tomorrow" settlements was 25.5167 rubles during Thursday morning`s unified trading session on the Moscow Interbank Currency Exchange (MICEX), down 1.96 kopeks from Wednesday.
Fradkov: Russia-China trade to reach $35 bln in 2007
Trade between Russia and China is expected to grow from $33 billion in 2006 to about $35 billion in 2007, Russian Prime Minister Mikhail Fradkov said Wednesday.
EU court overturns limit on Russian diamond sales to De Beers
The European Court of Justice has overturned the European Commission`s ruling restricting diamond giant De Beers from buying rough diamonds from Russian Alrosa.
Russia`s Norilsk Nickel extends offer for LionOre till July 23
Russian metals giant Norilsk Nickel [RTS: GMKN] said Wednesday it had extended its cash offer to acquire the common stock of Canada`s gold and nickel producer LionOre until July 23.
Gazprom interested in Moscow energy network co.
Gazprom, a Russian energy giant, has shown an interest in buying Mosenergosbyt, which produces about 8% of Russia`s electricity, the director general of the country`s largest electricity selling company said.
Dubai company plans to build sugar plant in Krasnodar Territory
Al Khaleej Sugar Co. (Dubai, United Arab Emirates) is planning to build a sugar plant in Krasnodar Territory, a REGNUM correspondent was told at the press office of the Krasnodar Territory Agriculture Department.
Alcan begins merger talks with Rio Tinto
Alcan Inc. has begun negotiating toward a merger agreement with Rio Tinto PLC to fend off a hostile bid from U.S. rival Alcoa Inc., Canada`s the Globe and Mail newspaper reported on its Web site.
Dollar slips 12.23 kopeks, Euro rises 16.57 kopeks on MICEX
The average weighted dollar rate for contracts with "tomorrow" settlements was 25.5363 rubles during Wednesday morning`s unified trading session on the Moscow Interbank Currency Exchange (MICEX), down 12.23 kopeks from Tuesday.
Oil companies to hold firm despite Niger Delta unrest
Multinational oil companies being targeted by militants in Nigeria will weather attacks on their infrastructure and personnel given the huge potential for profit there, analysts and the oil groups say.
Russia and Saudi Arabia to launch WTO talks
Russia will start Wednesday bilateral negotiations with Saudi Arabia on its accession to the World Trade Organization (WTO), a Russian economics ministry official said.
Industrial production in Ukraine grows 11.8% in 1H07
Ukraine`s industrial production grew 11.8%, year-on-year, in January-June 2007, the state statistics committee said Tuesday.
BMW says mainland China vehicle sales 38 pct
BMW, the world`s largest premium car maker, said on Tuesday it sold 38 percent more cars in mainland China in the first half of 2007, as the country`s growing ranks of nouveau riche snapped up the latest models.
Russia`s watchdog moves to revoke gold producer`s license
Russia`s environmental watchdog is requesting that a license be revoked for a gold field in Chukotka from a 100% subsidiary of Britain`s Highland Gold Mining Ltd, the country`s natural resources ministry said Tuesday.
Euro closes in on dollar record high
The European single currency climbed against the dollar on Tuesday, closing in on an all-time high against the US currency.
RUXX investment index set to open 1.27% up, banks` correspondent accounts with CBR rise 1.3%
Russia`s investment index will open Tuesday at 792.40 points, up 1.27% following Monday evening`s sessions on major world trading floors.
ArmRosgazprom main shareholder unaware of the company▓s plans
ArmRosgazprom main shareholder, Gazprom, has no information about plans of the Armenian-Russian company to issue additional bonds and float them at foreign stock exchanges.
Ford to boost Russia output, launch Mondeo
Ford Motor Co. said on Tuesday it would boost production in Russia to 125,000 cars per year by 2009 from 72,000 as it seeks to satisfy booming demand in Europe`s fastest growing car market.
Tatneft`s oil output up 2% to 96 mln bbl in 1H07
Tatneft produced 13 million tons (96 million bbl) of oil in the first half of 2007, up 2.2% from the same period last year, the Tatar oil company`s CEO said Friday.
Russian finance min. to propose granting Belarus $1.5 bln loan
Russian Finance Minister Alexei Kudrin said Friday his ministry would submit to the government a $1.5 bln loan proposal for Belarus later in July.