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breakingnews
28.10.2010, 18:01
Yandex, Russia’s largest search engine and Facebook have signed a partnership agreement on which will see Yandex integrate information from the social network on its website.
28.10.2010, 16:38
Sberbank will pass its bad debts to collector agencies, with analysts telling Kommersant that moving before now could have harmed its social reputation.
28.10.2010, 14:52
Analysts say moves by the Bank of Russia to tighten reporting standards for russian banks, marks an attempt to bring Russian Accounting Standards closer to international standards.
26.09.2010, 10:22
3 comments
Prince Michael of Kent says that British firms should look closer at investing in Russia, but the UK ambassador says Britain doesn’t water down legal issues for commercial expediency.
16.12.2009, 17:42
2 comments
Britain's special trade representative, the Duke of York, has paid a visit to energy company TNK-BP in what is being seen as a sign British and Russian shareholders have put their disputes behind them.
13.03.2009, 19:58
Russia helped lead emerging market stocks to a 3-week high on Friday, with higher crude prices, in the lead up to the weekends OPEC meeting, and buoyant global markets providing a welcome upside for local investors.
28.05.2009, 17:39
OPEC has decided not to cut output, despite record levels of crude in inventories and weak demand forecasts, with some cartel members believed to have ignored previous commitments to cut.
11.06.2009, 16:15
Russia won’t reduce oil production in the next three years acording to Deputy Prime Minister, Igor Sechin. But after 2012, output will depend on investment in exploration, which has dropped significantly.
28.08.2009, 19:49
Lukoil is forecasting stagnating oil production in Russial. The government plans huge investment in oil sector to boost production by 10% over the next twenty years, but oil majors say it’s not the matter of money.
04.09.2009, 19:28
This weeks announcement of a giant oil discovery in the Gulf of Mexico has served to underline how important further discoveries will be to meeting future demand, with taxation changes in Russia seen as essential.
Published: 29 October, 2010, 10:54
Maintaining oil extraction is a priority for the government, which is also looking to increase the tax take from refiners. They say this may make some downstream operations unprofitable.
Then Russian oil companies will have to merge to save costs and keep, or even increase, R&D spending instead of duplicating research. In a decade, on of the Big Five largest private oil companies in the World has to be Russian: SHELL (Netherlands) EXXON (U.S.) R.L. (Russia) Rosneft. Lukoil B.P. (U.K.) TOTAL (France) It doesn´t make sense that the largest oirl producer in the World, Russia, doesn´t have even one company among the Top Ten.