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Archive for October, 2006

OVL seeks to make large investements in E&P projects in Russia

Shri Murli Deora, Minister for Petroleum & Natural Gas, had a successful meeting with Mr. Victor Khristenko, Minister for Industry & Energy of the Russian Federation today at Moscow. Shri Deora took up the issue of increased cooperation between Indian oil companies and their Russian counterparts. The issue of obtaining participating interest in upstream projects [...]

Monday, October 30th, 2006

Russia Audit Chamber reveals violations in Sakhalin-2 project

Checks of the Sakhalin-2 project carried out by the Russian Audit Chamber have revealed numerous violations, mostly on the part the operator of the project, the Chamber's auditor Sergei Abramov said.
He said that the "chamber as a top financial control authority also has checked bodies of executive power that must accomplish within their competence the [...]

Monday, October 30th, 2006

India, Russia to Hold Talks Next Week on Sakhalin III Project

India and Russia next week will discuss strengthening energy ties, including India's possible participation in the Sakhalin-III oil and gas project, India's Petroleum and Natural Gas Minister Murli Deora said Friday.
India is seeking a minority stake in the coveted Sakhalin III acreage, off Russia's Far East coast, Deora told reporters on the sidelines of an [...]

Monday, October 30th, 2006

Dalsvyaz CEO says may sell mobile telecom assets

Russian telecommunications operator Dalsvyaz may be interested in selling its mobile assets, the company's General Director Anton Alexeyev said, Kommersant business daily reported Monday.
"At the moment mobile assets generate profit, but we are watching what is more beneficial to us - to keep developing mobile services, or to calculate future cash flows, sell (the business) [...]

Monday, October 30th, 2006

Big oil may have to get even bigger to survive

The international giants are in trouble, with reserves shrinking, taxes and costs rising, and producing nations reneging on deals or nationalising their assets. The answer to their problems could be massive mergers, writes Oliver Morgan
Multinational oil companies are having a tough time. Crude prices are falling, maintaining production is a struggle, yet taxes set by [...]

Sunday, October 29th, 2006

Moscow’s Eco-Crusader Aims at Big Oil

He's fast becoming one of Russia's best-known public figures. His face is regularly on television, the pages of newspapers, and the covers of magazines. Now, his activities are making waves internationally, causing one of the biggest stirs to affect foreign investors in Russia for years. Not bad going for the deputy head of a small [...]

Saturday, October 28th, 2006

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