Strat Petroleum, Ltd., an emerging exploration and development company focusing on oil and gas opportunities in the Russian Federation, today announced the results of their recent trip to Russia. While overseas, Company management presented their solution for the treatment of oil sludge to Rosneft’s operation in the Stavrapol Region and to a number of local [...]
Royal Dutch Shell chairman Jeroen van der Veer has proposed new terms to Russian natural gas monopoly Gazprom to enter the 20-billion-US-dollar Sakhalin-2 oil and gas development, a Gazprom spokesman said Monday.
Spokesman Sergei Kupriyanov said in remarks carried by the news agency Interfax that Shell had offered a “number of proposals” concerning Sakhalin-2, a massive [...]
Investor bids have already more than covered the book for the initial public offering of shares by Raspadskaya, the first coal company to float on the Russian stock market, a banking source said on Thursday.
Raspadskaya, part-owned by steel maker Evraz Group , said on Monday it would offer 18 percent of its capital, or 140.8 [...]
Petroleum Minister Murli Deora will make a case for Indian firms getting a stake in future Sakhalin projects when he meets Russian Energy Minister Viktor Borisovich Khristenko in Moscow on October 31.
“The Russian Energy Minister has personally written to me inviting me to attend the inauguration ceremony of ”Moscow Energy Dialogue” on October 30. I [...]
Standard & Poor’s credit analysts have rated the world’s largest nickel miner Russia’s Norilsk Nickel “stable†with a “BBB-“, citing its reserves, large-scale production, product diversification and costs.
Moscow-based analysts Elena Anankina and Tatiana Kordyukova also rated Norilsk favorable for its strong market position, low debt and prudent financial policy.
Nevertheless, S&P warned of the risks of [...]
European leaders asked Russian President Vladimir Putin to give the European Union a long-term assurance that its contracts could be trusted.
Putin, however, said Russia was not ready to sign international energy agreements despite pressure from the European Union.
The leaders of the 25 EU member countries invited Putin to attend a dinner at the EU [...]
Russia’s OAO Rusal dethroned Alcoa Inc. as the world’s biggest aluminum producer Monday after announcing a three-way merger that will create a US$30 billion (€23 billion) giant with 12 percent of global output.
The deal underscored the rise of Russia’s commodities-based industries, which have reaped the benefits of low costs and soaring world prices, as well [...]
The Russian aluminum company Rusal on Monday announced a three-way merger to create the world’s biggest aluminum producer, dethroning the U.S. aluminum maker Alcoa and underscoring the rise of Russia’s commodity-based industries against a backdrop of rising prices.
Under the terms of the agreement, Rusal, which is controlled by the Russian billionaire Oleg Deripaska, will issue [...]
Japanese trading house Mitsui and Co. says it plans to jointly develop one of the world’s largest uranium mines in Russia to supply Japanese nuclear power plants.
Mitsui and the Russian state-owned nuclear fuel firm Techsnabexport (Tenex) will together spend nearly 29 billion yen (245 million dollars) to develop the mine, with the aim of beginning [...]
Producers Rusal and Sual reportedly will team with Swiss Glencore to form the world’s top aluminum producer, beating Alcoa for the No.1 spot
The deal was openly rumored for weeks, and now it appears to be real. On Oct. 4, according to leaks in the Russian media, Russia’s two largest aluminum producers, Rusal and Sual, and [...]
