Some oil majors have rejected Venezuela`s terms for the takeover of their multi-billion dollar projects and can leave the OPEC nation, President Hugo Chavez said on Friday, days before a deadline for them to strike nationalization deals.
On June 22, Gazprom, BP and TNK-BP signed a memorandum of understanding. The agreement is signed to create a strategic alliance with the Russian gas giant, Gazprom, to invest jointly in major long-term energy projects or swap assets around the world.
Russia`s companies were placed third in the world in terms of fundraising through initial public offerings in 2006, a leading auditor said Thursday.
Yahoo Inc. said on Wednesday it would acquire Rivals.com, a site for fans of college and high school teams, bolstering the Internet media company`s place as the top U.S. sports site in audience terms.
Russia`s Audit Chamber will carry out a planned auditing check of railway monopoly Russian Railways (RZD) in 2007, the chamber`s chairman said Thursday.
The average weighted euro rate for contracts with "today" settlements was 34.7772 rubles during Thursday morning`s unified trading session on the Moscow Interbank Currency Exchange (MICEX), down 4.66 kopeks from Wednesday.
Russia`s gold and foreign currency reserves fell $1.5 billion, to $405 billion, in the week of June 8 - June 15, the Central Bank of Russia said Thursday.
Russia`s Natural Resources Ministry is prepared to issue a license for the development of Sukhoi Log, a major gold deposit in Eastern Siberia, in 2008, a deputy minister said Tuesday.
Russia`s newly-created aluminum giant United Company RusAl said Tuesday it would set up a joint venture with France`s Areva to produce electrical equipment for aluminum enterprises.
Russia`s electricity monopoly Unified Energy System [RTS: EESR] intends to sell majority stakes in wholesale generating company OGK-4 and territorial generating firm TGK-1 in July, a UES board member said Tuesday.
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 June 20, 2007:
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.
British oil major BP does not plan to cut its share in Russia-based crude producer TNK-BP, the company`s CEO said Monday.
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 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.
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.
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.
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`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 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.
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 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.
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.
U.S. stocks headed toward a moderately lower opening Tuesday ahead of a profit report from Lehman Brothers Holdings Inc.
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.