The price of Russian gas for European customers could rise as high as 400 dollars (257 euros) per 1,000 cubic metres by the end of 2008, the head of state-run Gazprom was quoted as saying on Friday.
Russian news agencies quoted Gazprom chief executive Alexei Miller as saying the falling dollar and rising demand for gas [...]
Publicly-listed mining company PT Antam Tbk of Indonesia and UC RUSAL of Russia have agreed to jointly develop bauxite deposits in Indonesia.
Antam President Director D. Aditya Sumanagara and UC RUSAL Director for International and Special Projects Alexander Livshits signed a heads of agreement to that effect here on Thursday in front of President Susilo Bambang [...]
A devastating gas explosion tore through a Siberian coal mine Monday, killing at least 78 miners, Russian officials said, as emergency workers raced to rescue dozens still trapped underground.
“The latest figures we have is 78 killed,” the Kemerovo regional administration’s spokesman Sergei Cheremnov said as quoted by the Interfax news agency.
Earlier, emergency ministry officials said [...]
State-controlled energy giants OAO Gazprom and OAO Rosneft will divide up Russia’s oil and gas-rich seabed evenly, the financial newspaper Vedomosti reported Monday, a step that would leave foreign oil companies with a minority role at most.
While the move has not been officially backed by President Vladimir Putin, the paper said, it would be in [...]
Sumitomo Corp., Japan’s third-largest trading company, is considering teaming up with a Russian partner to develop a coal field in Siberia that could help to meet growing demand for the fuel from Japanese steelmakers.
Russian companies will take the lead in developing the Elga deposit in Russia’s Republic of Sakha (Yakutia), Sumitomo Managing Executive Officer Michihisa [...]
Gazprom, the world’s largest producer of natural gas, and Russia’s largest enterprise, has disclosed that it is considering a plan to explore for gas and oil in Equatorial Guinea.
A Gazprom spokesman told Mineweb that Gazprom’s deputy chief executive, Alexander Medvedev, was in Equatorial Guinea this week, and met the President, the Minister of Power, and [...]
Imprisoned Russian oil tycoon Mikhail Khodorkovsky is a suspect in a new money-laundering investigation, raising the possibility that the Kremlin foe, already serving an eight-year sentence for tax evasion and fraud, could spend many more years in prison, his attorney said Wednesday.
Khodorkovsky, his imprisoned partner Platon Lebedev, also a suspect, and their attorneys were summoned [...]
Russian natural gas monopoly Gazprom has joined the Sakhalin-2 oil and gas project by pledging to acquire a 50 percent stake plus one share in the project, Gazprom chief executive Alexei Miller said on Thursday.
Gazprom will acquire its share in the project, worth 7.45 billion U.S. dollars, by partially buying the stakes of three foreign [...]
Russian President Vladimir Putin promised significant investment in Mongolia as he met Mongolian counterpart Nambar Enkhbayar amid Russian efforts to win a big coal-mining contract in the neighboring country.
“Our relations are not just being revived but are developing in the most active way… The most important thing for us is the development of economic ties,” [...]
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 [...]
