Business

LUKoil posts 3.4% rise in oil output, 12.4% drop in gas production

LUKoil posts 3.4% rise in oil output, 12.4% drop in gas production

18:57 17/08/2009

Russia's LUKoil posted on Monday a 3.4% rise in oil output year-on-year to 48.63 million metric tones and a 12.4% decline in natural gas production to 7.36 billion cubic meters.

Boeing says Russia, CIS civil aircraft market worth $90 bln
17:33 17/08/2009
Russia and the Commonwealth of Independent States (CIS) will require 1,005 new civil airplanes costing an estimated $90 billion over the next 20 years, a Boeing marketing head said on Monday.
Russia's Slavneft posts 9.2% profit drop in 2008
13:13 17/08/2009
Crude oil producer Slavneft, ranked among Russia's top ten oil companies, posted a 9.2% drop, year-on-year, to $483.56 million in its 2008 U.S. GAAP net profits.
Dollar up 56.48 kopeks, euro up 37.32 kopeks - Central Bank
13:03 17/08/2009
The official dollar rate set by the Russian Central Bank for August 18 is 32.2874 rubles, up 56.48 kopeks from Monday, the Central Bank said.
Russia to raise oil duty to $138.6 per metric ton from Sept. 1
10:28 17/08/2009
Russia is expected to raise oil export duty from the current $222 to $238.6 per metric ton from September 1, following trends on global oil markets, a senior Finance Ministry official said on Monday.

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Vladimir Putin

Putin Sets Out Blueprint for Russian Business

Prime Minister Vladimir Putin set out his agenda for the future of Russian business on Thursday at a meeting with entrepreneurs, promising less regulation and taxes and asking business to help plan its future.

Greece Agrees to Fresh Austerity Measures

Greece Agrees to Fresh Austerity Measures

Greek political leaders have finally struck a deal on new austerity measures demanded by creditors to secure a 130-billion euro bailout to avoid default and keep the country afloat, local media reported on Thursday.

The State Duma will invite political parties that have no parliamentary representation to discuss reform of the country’s political system

Duma Calls in Unofficial Parties for Reform Debate Feb 28

The State Duma will invite political parties that have no parliamentary representation to discuss reform of the country’s political system on February 28, Oleg Morozov, deputy speaker of the lower house of parliament, said on Thursday.

Mikhail Gorbachev

Gorbachev May Join Protest Group

Ex-Soviet President Mikhail Gorbachev is welcome to join but not head the grassroots protest group League of Voters, the organization’s founders said.

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