| April 2006 |
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President Vladimir Putin and Japanese Prime Minister Junichiro Koizumi will hold bilateral talks during this July's G8 summit in St. Petersburg, a Japanese embassy official said Tuesday.
"We are currently in talks regarding processing our oil at Conoco's refineries in the U.S.," Vagit Alekperov told a news conference in the Kazakh capital. "Unfortunately, the [global] economy is reluctant to accept Russia's oil supplies." 
Gazprom's deputy board chairman said Tuesday the company's market capitalization would rise to $1 trillion in the next 10-15 years, more than four times its current $240 billion.
Police in Moscow have broken up a major operation involving high-ranking figures in national and local administrations smuggling goods from China, a law-enforcement source said.
Russia's No. 1 independent crude oil producer, said Tuesday it is looking to raise current crude production levels in Kazakhstan by 40% by 2010.
Gazprom Deputy Chairman Alexander Medvedev said Tuesday that the Russian energy giant was still deliberating over the possible purchase of Britain's largest gas distributor, Centrica.
Roughly a quarter of defense-industry enterprises seen as important to Russia's national security are currently threatened by bankruptcy, a deputy industry minister said Tuesday.



