Russia sees record economic growth in 2007
Published: 15 April, 2008, 09:17
The fourth quarter of 2007 saw record economic growth of 9.5% in Russia – the highest in the past seven years.
The GDP (Gross Domestic Product) of Russia in 2007 has risen to $US 1.4 trillion.
The growth in the first quarter of 2007 came in at 7.4 per cent, with 8.1 and 7.3 per
cent in the second and in the third quarters respectively.
15.04.2008, 07:51
Gazprom handed Russia’s largest untapped fieldThe government has given energy major Gazprom the rights to develop the Chayanda oil and gas field on a no-bid basis. The gas giant will pay $US 425 million for the licence. |
15.04.2008, 12:51
Turkmen gas to EU will bypass RussiaTurkmenistan has promised to deliver 10 billion cubic meters of gas to the EU annually from 2009. The deal would allow Europe to buy gas directly from the Central Asian state, skirting Russia, which signed its own gas deal with Turkmenistan last year. |
