Melissa's Feed
Oct 1, 2010

Kremlin trip to Algiers may trigger Vimpelcom deal

MOSCOW/LONDON, Oct 1 (Reuters) – Russian mobile operator
Vimpelcom (VIP.N: Quote, Profile, Research, Stock Buzz) and Egyptian businessman Naguib Sawiris may be
poised to unveil a deal combining their telecoms assets ahead of
President Dmitry Medvedev’s visit to Algeria next week.

One source familiar with the matter said an announcement
relating to Vimpelcom and Sawiris could come as early as Monday,
without specifying what the statement would address.

Sep 27, 2010

LUKOIL leads Russia down on Conoco buyout dismay

MOSCOW, Sept 27 (Reuters) – Russian oil company LUKOIL
(LKOH.MM: Quote, Profile, Research) led Russian shares lower on Monday on investor
disappointment that it failed to buy out all the LUKOIL shares
held by its strategic investor, ConocoPhillips (COP.N: Quote, Profile, Research).

Russia’s No. 2 oil producer said on Sunday it had exercised
an option to buy 42.5 million of its own shares from U.S. oil
major ConocoPhillips, which once owned 20 percent of the Russian
oil company.

Sep 23, 2010

Cyprus court freezes stakes in Uralkali, Polyus

NICOSIA/MOSCOW, Sept 23 (Reuters) – A Cyprus court has
frozen $6 billion worth of Russian assets including Suleiman
Kerimov’s stakes in potash producer Uralkali (URKA.MM: Quote, Profile, Research) and
mining group Polyus Gold (PLZL.MM: Quote, Profile, Research), court documents showed.

The injunction on behalf of Russian member of parliament
Ashot Egiazaryan also covers holdings in the Moskva Hotel, a
piece of prime real estate adjacent to the Kremlin which has
been undergoing redevelopment in recent years.

Sep 20, 2010

Russia dangles refinery, more oil for China

MOSCOW, Sept 20 (Reuters) – A Russian deal to satisfy
China’s growing thirst for fuel will top the agenda as Moscow’s
top oil official visits China on Tuesday, but a deal to sell
Russian gas to Beijing may remain elusive.

Amid Asia’s clamour for the world’s newest crude — Russia’s
ESPO blend, delivered from new East Siberian fields to Pacific
markets as far away as the United States — the voice of China,
with its soaring oil demand, is among the loudest.

Sep 17, 2010

Russia’s Deripaska stands defiant

MOSCOW (Reuters) – The fortunes of Russian aluminum tycoon Oleg Deripaska have taken a stomach-churning plunge on the rollercoaster of world markets over the past two years, but he says an upward turn is just around the corner.

From metals to cars to insurance, “we try to stay in a sector which we believe will develop more in the next phase of growth,” Deripaska told the Reuters Russia Investment Summit this week.

Sep 17, 2010

Russia’s Deripaska stands defiant

MOSCOW (Reuters) – The fortunes of Russian aluminum tycoon Oleg Deripaska have taken a stomach-churning plunge on the rollercoaster of world markets over the past two years, but he says an upward turn is just around the corner.

From metals to cars to insurance, “we try to stay in a sector which we believe will develop more in the next phase of growth,” Deripaska told the Reuters Russia Investment Summit this week.

Sep 17, 2010

Reuters Summit-NEWSMAKER-Russia’s Deripaska stands defiant

MOSCOW, Sept 17 (Reuters) – The fortunes of Russian
aluminium tycoon Oleg Deripaska have taken a stomach-churning
plunge on the rollercoaster of world markets over the past two
years, but he says an upward turn is just around the corner.

From metals to cars to insurance, “we try to stay in a
sector which we believe will develop more in the next phase of
growth,” Deripaska told the Reuters Russia Investment Summit
this week.

Sep 15, 2010

Russia eyes $50 billion sell-off, tycoons feud

MOSCOW (Reuters) – Russia aims to raise $50 billion from privatizations in five years and will overrule any objections from company chiefs keen to protect their turf, Finance Minister Alexei Kudrin said on Wednesday.

“We will have a privatization programme for approximately five years, worth around $10 billion a year,” Kudrin told the Reuters Russia Investment Summit.

Sep 15, 2010

Russia eyes $50bn sell-off, tycoons feud

MOSCOW (Reuters) – Russia aims to raise $50 billion from privatisations in five years and will overrule any objections from company chiefs keen to protect their turf, Finance Minister Alexei Kudrin said on Wednesday.

“We will have a privatisation programme for approximately five years, worth around $10 billion a year,” Kudrin told the Reuters Russia Investment Summit.

Sep 14, 2010

War of words escalates at Russia’s Norilsk

MOSCOW (Reuters) – Russian Prime Minister Vladimir Putin may have declared progress on peace between the billionaire tycoons who own Norilsk Nickel (GMKN.MM: Quote, Profile, Research, Stock Buzz), but their war of words was on with full force on Tuesday.

“I think there is a whole logic for them to stop abusing the other shareholders and play a normal game with all participants, employees, (the) government, and shareholders,” RUSAL Chief Executive and major shareholder Oleg Deripaska told the Reuters Russian Investment Summit.