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Mar 25, 2012

Russian shot in UK was due to give evidence-lawyer

MOSCOW, March 25 (Reuters) – A Russian banker shot five
times close to London’s financial district had been days away
from giving evidence to an investigation into the attempted
murder of a former business associate, his lawyer has said.

German Gorbuntsov, who at the height of his business empire
owned four Russian banks, was walking towards his apartment
block near the Canary Wharf banking district when a gunman
opened fire on Tuesday evening, leaving him badly injured.

Mar 22, 2012

Putin picks Rosneft man for energy post

MOSCOW (Reuters) – Vladimir Putin on Thursday made his first energy appointment since his re-election as Russian president, naming Rosneft first vice president Pavel Fedorov a deputy energy minister.

Fedorov, a former Morgan Stanley banker who helped negotiate a landmark Arctic drilling deal with U.S. ExxonMobil during his tenure at the state oil firm, is expected to oversee efforts to pull foreign investment into the energy sector.

Feb 28, 2012

Russia, China resolve oil pricing dispute

MOSCOW, Feb 28 (Reuters) – Russian state-controlled
oil company Rosneft made a small price concession to
China, the single biggest consumer of oil from its new eastern
fields, to resolve a long-running dispute, a Russian industry
source said on Tuesday.

China buys 300,000 barrels per day of Russian oil, mostly
delivered from the new oil fields of Eastern Siberia via a new

Feb 17, 2012

Theatre mocks “BerlusPutin” before Russian poll

MOSCOW, Feb 17 (Reuters) – Two negatives make a
positive when the brains of Vladimir Putin and Silvio Berlusconi
are fused together in a satirical play that premiered this week
in Moscow, just over two weeks before a presidential election in

“BerlusPutin”, a Russian adaptation of Italian Nobel
laureate Dario Fo’s play “The Double Headed Anomaly”, is being
performed by Moscow’s Teatr.doc, an independent theatre company
housed in a dusty cellar in the centre of the Russian capital.

Jan 31, 2012

Russia may rule on grain duty in 2 weeks-dep agmin

MOSCOW, Jan 31 (Reuters) – Russia is considering a
protective grain export duty to put a brake on record exports,
Deputy Agriculture Minister Ilya Shestakov told Reuters on

“We are actively discussing it. It is an important aspect of
our activity. No one is denying the likelihood,” Shestakov said
on the sidelines of a grains conference held by the Institute
for Agricultural Markers Research (IKAR).

Jan 25, 2012

Russia could impose grain duty from April-trade, analysts

MOSCOW, Jan 25 (Reuters) – Russia’s government, which
has said Russia should export no more than 23-25 million tonnes
of grain during this crop year, could consider imposing
protective duties from April, when exports are likely to hit
that level, traders and analysts said.

Russia’s government in June announced it would regulate
exports via duties in the future as it prepared to lift a
near-total ban on grain exports imposed in the wake of a
catastrophic drought in the summer of 2010.

Jan 18, 2012

RUSAL can withstand aluminium price fall to $1,900/t

MOSCOW, Jan 18 (Reuters) – Top world aluminium
producer UC RUSAL, which has sought and won
concessions from creditors as prices of the metal have fallen,
can cope with further price declines, the company said on

“As of today, even though it is difficult, RUSAL smelters
can work with $1,900/tonne,” the RUSAL press office said.

Dec 20, 2011

Spain’s Repsol says Iranian crude easy to replace

MOSCOW, Dec 20 (Reuters) – Spanish refiner Repsol
sees no problem finding alternative crude oil supplies
for its Spanish plants if Europe follows through on a threat to
ban imports of Iranian crude, its chairman said on Tuesday.

“For us it is not very difficult to move from Iran to Saudi
Arabia to even Russia. It depends on the quality of the crude
and the needs of our system,” Chairman Antonio Brufau told
reporters in Moscow, where he signed a deal to form a joint
venture with mid-sized Moscow-based producer Alliance Oil

Dec 20, 2011

Repsol rescues Sacyr from debt pain

MADRID/MOSCOW, Dec 20 (Reuters) – Spanish oil major
Repsol came to the rescue of debt-laden shareholder
Sacyr on Tuesday, buying 10 percent of its own shares
for about 2.5 billion euros ($3.25 billion) in a last-minute
deal to help the builder refinance a loan.

Sacyr, which builds everything from urban developments to
hospitals and motorways, ran into trouble when it acquired 20
percent of Repsol just before the global financial crisis and
collapse of Spain’s construction bubble.

Dec 18, 2011

Russian drilling rig sinks off Sakhalin, 49 missing

MOSCOW (Reuters) – An oil drilling rig with 67 crew on board capsized and sank off the Russian far eastern island of Sakhalin on Sunday when it ran into a storm while being towed, leaving 49 of the crew unaccounted for, the regional Emergencies Ministry said.

Fourteen crew members were rescued alive from the ‘Kolskaya’ jack-up rig, operated by Russian offshore exploration company Arktikmorneftegazrazvedka (AMNGR), and four bodies were recovered. The rest of the crew were missing.