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04.05.2009, 10:20 8 comments

"Not even Jesus could reverse the decline in the US"

The world economy is not only showing few signs of recovery, but we are also looking at the end of the American century, according to German author and economist William Engdahl.

26.01.2010, 09:12

Tyumen city: breaking from oil dependency

As calls for a technology-based economy are getting stronger, Siberia’s Tyumen region – a major oil and gas producer - has been quite successful in diversifying its economy.

19.10.2010, 21:08

Russia’s most profitable industry needs more money

The Energy Ministry says the country's oil sector needs $230 billion of investment – or extraction of oil will drop by one-fifth by 2020.

29.09.2009, 12:33

Russia’s industrial powerhouse struggles through economic storm

Alongside untouched nature, a unique cultural ethnic mix and stunning scenery, the Republic of Bashkortostan boasts a wealth of mineral and agricultural resources, making it one of Russia's richest industrial regions.

28.05.2010, 12:36 3 comments

Belarus to offer Russia pipeline control

Belarusian President Aleksandr Lukashenko says his country is willing to give Russia full control over Belarusian pipelines in exchange for cheap gas and oil.

27.10.2010, 21:55 1 comment

Foreign companies eager to grab a bite of Russia’s privatization cake

A number of foreign companies might obtain significant shares in Russia's upcoming privatization of its most profitable companies.

09.01.2010, 21:42 1 comment

Russia and Belarus to continue talks on new oil deal

A delegation from Minsk has left Moscow empty handed with no new deal for supplying Russian crude oil to Belarus.

Mikhail Khodorkovsky 22.05.2010, 14:35 1 comment

Khodorkovsky hunger strike lasts three days

This week, jailed oil-tycoon Mikhail Khodorkovsky, the former head and key shareholder of Russian oil company Yukos, went on an indefinite hunger strike – which lasted three days.

18.10.2010, 21:40

Accounts Chamber points to $23 billion deficit in 2011 budget

Russian officials have found a giant hole in next year's state budget –$23 billion from some mysterious sources.

23.02.2009, 17:36

Russia outsourcing oil tanker production

Russia's most active oil and gas fields are shifting further to the north and closer to Russia's eastern coast, a development which is driving demand for new oil and LNG tankers.

Russia in no hurry to join OPEC

Published: 15 March, 2009, 21:58


Russia has been invited to join the Organization of Oil Exporting Countries, OPEC, but according to Igor Sechin, Deputy PM, Moscow is not going to make any hurried decisions about joining.

 
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