World Bank directors to interview Zoellick on Wednesday
World Bank`s executive directors late Monday invited former US trade chief Robert Zoellick, the sole candidate to head the poverty-fighting institution, for an interview on Wednesday.
BP chief says co. won`t cut its share in JV in Russia
British oil major BP does not plan to cut its share in Russia-based crude producer TNK-BP, the company`s CEO said Monday.
Transneft to develop existing oil terminal bypassing Belarus
The head of Russia`s Transneft said Monday the pipeline monopoly would develop the existing terminal of an oil pipeline that helps Russian crude reach world markets without passing through transit countries.
Gazprom pushes for Sakhalin III license
Gazprom moved Friday for the government to waive competitive bidding procedures when issuing licenses to develop natural gas deposits, eyeing the Sakhalin III project in the Far East.
Baltic countries preparing for disconnecting from Russian electricity supply networks
Energy companies in the Baltic countries are starting preparations for disconnecting their electricity supply networks from Russian networks and connecting to the European energy system, reports Postimees.
Yanukovich assures Russia is not interested in Ukrainian gas transporting system
Ukraine is not prepared for world energy prices yet, so statements of some politicians about necessity to agree for the European gas price are irresponsible, Prime Minister Viktor Yanukovich announced at a news conference in Poltava yesterday.
Russia needs $92 bln to develop eastern gas deposits by 2030
A program to develop gas deposits in East Siberia and the Far East will require 2,400 billion rubles (about $92 billion) in investment by 2030, an official of Russia`s industry and energy ministry said Friday.
Russia invites foreigners to help unlock Caspian Sea
Russia`s first deputy prime minister Friday welcomed private and foreign capital, including that of resource-rich Central Asian states, to expand the only canal that unlocks the Caspian Sea.
Gazprom says gas production could reach 670 bln cu m in 2020
Gazprom could produce 670 billion cubic meters of natural gas annually by 2020, 14% more than previously planned, a deputy board chairman of the Russian energy giant said Thursday.
Norilsk Nickel to transfer $7 bln to pay for LionOre deal
Russia`s Norilsk Nickel [RTS: GMKN] said Thursday its board of directors had approved a deal to raise $7 billion through loans and its own funds to pay for the acquisition of Canada`s LionOre.
Oil prices retreat in Asian trading
Oil prices retreated slightly in Asian trading Thursday after a U.S. government report boosted prices by failing to alleviate concerns that refiners are still not producing enough gasoline to meet demand.
Contracts worth $13.5 bln signed at St. Petersburg economic forum
During the 11th St. Petersburg Economic Forum, 30 contracts were signed with the total cost of $13.5 bln. As a REGNUM correspondent informs, the announcement was made by Russian Minister for Economic Development and Trade German Gref.
Stocks move toward lower open
U.S. stocks headed toward a moderately lower opening Tuesday ahead of a profit report from Lehman Brothers Holdings Inc.
Ford workers in Leningrad region on strike
The workers of the Ford plant in Leningrad region went on strike after they failed to agree with the management on guarantees on salaries, labour safety and social benefits, which are in force at all Ford plants all over the world.
Russia, Greece and Bulgaria sign pipeline deal
A protocol preceding a trilateral agreement on co-operation and use of Bourgas-Alexandroupolis pipeline was signed by representatives of Bulgaria, Russia and Greece in Bulgaria’s Black Sea coast city of Bourgas.
$25 billion stolen - new charges against Khodorkovsky
Prosecutor filed new charges today against Mikhail Khodorkovsky, chief of Yukos oil company, one of the richest men in Russia, who has served almost 4 years of his 8-year sentence on fraud and tax evasion charges.
India, Russia to jointly develop Hypersonic Cruise Missiles
Chief Executive Officer (CEO) and Managing Director of the Delhi based BrahMos Aerospace Centre A Sivathanu Pillai said here that India and Russia are working towards developing a Hypersonic Cruise Missile, a more advanced version of the BrahMos.
Winter crops perished on 18-20% of areas this year in Russia
Winter crops perished on the area of 2,5-2,8 million hectare in Russia this year. It is 18-20% of the total area. In the past year the winter crops perished on 0,9 millions hectares.
Trial on Yukos bankruptcy case appointed on March 28
The arbitrage of Moscow has appointed the trial of YuKOS bankruptcy case on March 28. "The application is accepted to the examination. The first session in this case is assigned on March 28 ", said the press- service of Moscow arbitration.
Moscow to outdo Philadelphia in Wi- Fi technology
Russian Communication operator Golden Telecom company declares about the beginning of works on the creation of the largest network of the wireless access to the Internet in Moscow.
Wine drinking increased by 8% in Russia
During recent years a wine drinking in Russia increases at higher rates comparing with other kinds of alcohol production, such as vodka and beer.
Ruble course to stay 28 rubles for $1 in next 2 years
Russian vice-premier Aleksandr Zhukov has announced that ruble course will stay at level of 27.5-28 rubles for $1 in next 2 years. Exchange adjustments of national currency may come to 6.5% in 2006, 2.8% - in 2007, 1.1% in 2008 and will gradually come to naught afterwards.
Zhukov: annual growth of Russian economics to be 6% for next 3 years
Russian vice-premier Alexander Zhukov delivered speech at Russian economic and financial forum in Zurich. He has declared that growth of Russian economics will come to about 6% per year during next 3 years.
Russia cancels $4,7 milliard Algerian debt
Russia completely canceled the Algerian debt the total sum of which came up to $4,7 milliard. At the same time Algeria engaged itself to purchase industrial production to the equal or exceed sum of the debt.
Moody`s upgrades ratings on Vimpelcom`s bonds to Ba3
International rating agency Moody`s upgraded Friday its ratings on Russian telecoms company Vimpelcom from Ba3 to B1, and changed the company`s outlook to positive.