Russia will exhibit for the first time its newest Steregushchy class (Project 20380) corvette, the Soobrazitelny, at a biennial naval show on June 29-July 3 in St. Petersburg. More than 300 companies, including 30 foreign firms from 25 countries will take part in the 5th International Maritime Defense Show, IMDS-2011. The demonstration part of the [...]
Tag: Oil and Gas
June 29, 2011
June 22, 2011
Russia, Norway may issue Barents, Arctic shelf licenses in 2013
Russia and Norway may start granting licenses to develop offshore deposits in the Barents Sea and the Arctic Ocean in 2013-2014 under a bilateral sea border agreement, Russia’s Natural Resources Ministry said on Wednesday. The Russian-Norwegian agreement on delimiting the sea border and cooperation in the Barents Sea and the Arctic Ocean will come into [...]
June 21, 2011
Main news of June 21
WORLD * The Russia-led post-Soviet EurAsEC alliance transferred the first $800 million tranche of an emergency loan to Belarus to stabilize its finances, Russian Finance Minister Alexei Kudrin said * Yemeni President Ali Abdullah Saleh is in good health and has started receiving visitors, the Saudi portal Al-Watan said, citing a Yemeni diplomatic source * [...]
June 21, 2011
Gazprom, Ukraine’s Naftogaz start work to set up Black Sea shelf JV
The Russian gas giant Gazprom and Ukrainian national oil and gas company Naftogaz have started setting up a joint venture to develop the Black Sea shelf, Naftogaz Board Chairman Yevhen Bakulin said on Tuesday. “Yes, (we have started),” Bakulin told reporters, adding that the companies were still estimating the likely amount of investment in the [...]
June 19, 2011
Ukraine’s Naftogaz estimates gas pipe network modernization at $3.5 bln
Ukraine’s Soviet-era gas pipeline network needs $3.5 billion for its modernization expected to start this year, a senior executive of the national oil and gas company Naftogaz said on Sunday. “As we outlined in the master plan, modernization will cost about $3.5 billion, which is much less than the cost of all alternative routes that [...]
June 18, 2011
U.S. seeks to try Syria’s Assad in Hague criminal court
The White House is gathering information on alleged human rights abuses by Syrian security forces for possible consideration by the International Criminal Court (ICC) in the Hague, the Wall Street Journal reported on its website, quoting U.S. officials. “We’re consulting on that internally and regionally,” an unidentified U.S. official was quoted by the paper as [...]
June 17, 2011
Shell, Ukraine’s Naftogaz draft deal on Black Sea shelf development
Ukraine’s state-run Naftogaz energy company is drafting an agreement with global oil and gas group Shell to develop the Black Sea shelf, Ukrainian Deputy Fuel and Energy Minister Serhiy Chekh said on Friday. The document will soon be considered by the Ukrainian government, Chekh told members of the Ukrainian parliament. Shell, U.S. company Chevron and [...]
June 17, 2011
Gas Talks With China Progress
Hu laying a wreath Thursday at Moscow’s Tomb of the Unknown Soldier. China and Russia are finalizing documents to put an end to a fractious dispute over a crucial gas deal, President Dmitry Medvedev said Thursday after meeting his Chinese counterpart Hu Jintao. The two sides have been bogged down in disagreements on pricing for [...]
June 7, 2011
Government still divided on payroll tax cut
The Russian authorities have not yet come to a unanimous decision on payroll tax cuts, Kremlin economic aide Arkady Dvorkovich said on Tuesday. “Neither the president nor the government have formulated their position on the mechanism and the amount of social security tax cuts. Discussions are still underway,” Dvorkovich said. Russian President Dmitry Medvedev is [...]
June 6, 2011
Iranian president to visit Armenia
Iranian President Mahmoud Ahmadinejad is starting his official visit to Armenia on Monday, the Armenian presidential press service reported. “The visit by the Iranian president-led delegation will be held on an invitation from Armenian President Serzh Sargsyan,” the press service said. The Iranian embassy in Armenia said that during his one-day visit, Ahmadinejad will also [...]
June 3, 2011
Is a weak Dollar good for Russia?
By Kenneth Rapoza The weak dollar leads to higher commodities and that inevitably means higher crude prices and that has some investors bullish on Russia. In the short term, the US dollar and oil have been highly correlated. However if this were to break down, the path of oil price is more important to Russia [...]
June 1, 2011
Moscow financial center contingent on improved investment climate
The Russian government must take bolder steps towards fighting corruption and improving Russia’s image abroad if it wants to achieve its goal of establishing Moscow as an international financial center, analysts said on Wednesday. The long-term goal to establish Moscow as an international financial center is one of the centerpieces of Russian President Dmitry Medvedev’s [...]
May 26, 2011
Sechin, Shell discuss Arctic, Black Sea shelf exploration cooperation
MOSCOW, May 26 (RIA Novosti) – Russian Deputy Prime Minister Igor Sechin and Royal Dutch Shell CEO Peter Voser held talks on Arctic and Black Sea shelf exploration at a meeting where Rosneft head Eduard Khudainatov was also present, the government said late on Wednesday. The parties discussed Shell’s current projects in Russia, including Sakhalin-2 [...]
May 20, 2011
Amnesty International Says Khodorkovsky Not A ‘Prisoner Of Conscience’
MOSCOW — Amnesty International has ruled not to recognize former Russian oil-tycoon Mikhail Khodorkovsky and his associate Platon Lebedev as prisoners of conscience, RFE/RL’s Russian Service reports. In March, 45 prominent Russian writers, actors, and journalists sent an open letter to Amnesty International asking it to consider Khodorkovsky and Lebedev prisoners of conscience. Khodorkovsky, the [...]