Latest news
ARMZ of Russia might become the third uranium producer
ARMZ, the state-controlled miner in Russia, the country with 1/10 of the world’s uranium reserves, intends to expand outside the country, aiming to become one of the third major producers in the world. It signed a transaction on Tuesday of acquiring the majority of shares in proportion of 51% in Uranium One, Canada.
read more... 11/06/2010
Russian oil production dropped slightly in May
Daily oil production in Russia declined in May from 10.11 million bpd to 10.08 million bpd.
read more... 02/06/2010
South Stream gas transaction between Russia and Greece
On June 7, Greece's natural gas grid operator DESFA and Russia's Gazprom will sign an agreement in Moscow in order to construct the Greek section of the natural gas pipeline project, South Stream, led by Russia, estimated at 1 billion euros, according to an official’s statement on Monday.
read more... 25/05/2010
Russia and Turkey agreed on nuclear power plant deal
On Wednesday, Russia has signed a nuclear power plant project with Turkey amounting $20 billion, in order to establish a strong partnership after two Cold War-era rivals. Russia will be responsible for this project by owning a controlling stake.
read more... 13/05/2010
Gazprom: exports to European states up
Russia Federation had massively exported gas to several European countries, through its giant gas company Gazprom, to appease the fears about losing market share to its existing rivals.
read more... 12/05/2010