Gazprom Neft Middle East B.V., a subsidiary of Russian oil company Gazprom Neft, has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI), the Oil & Gas Journal reports.
Potential production at this new well is estimated at 12,000 bpd. Cumulative daily...
Despite Russia now being the second-best-performing big emerging market after China, that hasn’t really turned investors on, Forbes writes.
Andrew Miller, the CIO of Mondrian Investment Partners in London says that Russian stock market is underweight. “We are value managers, and Russia looks cheap, but it’s cheap for a reason....
Russia's Central Bank has the necessary financial instruments to withstand external shocks, the regulator’s head Elvira Nabiullina said on the sidelines of the annual meeting of the International Monetary Fund (IMF) and the World Bank in Washington, News.ru reports.
"If external events happen and cause volatility on external markets,...
The Russian Ministry of Natural Resources has agreed to hold a tender for the Zapadno-Irkinsky subsoil area (north of Krasnoyarsk Region), on request from the country’s biggest oil company, Rosneft, TASS news agency reports, citing business newspaper Vedomosti.
The region has probable oil and gas reserves of 500 million...
Moscow’s recent moves on the Lebanese scene are reflecting its desire to strengthen its political and economic influence and to expand its role in Beirut, Al-Monitor reports.
Lebanon and Russia signed a memorandum on cooperation on oil and gas in October 2013, and since then cooperation between them has deepened....
The government of Venezuela has signed an agreement with Russia to receive investment and participation of Russian companies in the country’s iron, steel, mining and agriculture industries, Venezuela's state-run media said this week, according to Prensa Latina.
The agreement is under the XIV High Level Intergovernmental Commission (Cyan) Russia-Venezuela. In...
The risks of another global economic recession remain very high, and Russia needs a strategy to counter that, Russian Finance Minister Anton Siluanov said in an interview with Russian TV channel Rossiya-24on Saturday.
"The risks of an upcoming global recession are very high," he told reporters on the sidelines of...
The value of tomato imports to Russia from Turkey reached $47.52 million between January and March, a five-fold increase compared to the same period last year, Turkish news outlet Gunes reported.
According to information compiled from Turkey’s Aegean Exporters' Associations data, Turkey earned $292 million in revenue from tomato...
Russian airline Pegas Fly has taken delivery of its first Boeing 737-900 airplane, increasing the number of aircraft in its fleet with a capacity of more than 200 seats, Ato.ru reported.
The company, which is controlled by Turkish tour company Pegas Touristik, is gearing up to operate several 737-900s, the...
Russia’s biggest bank, Sberbank, and state-owned real estate developer Talan have signed an agreement on cooperation within a long term development strategy, the bank said, according to Aif.ru.
Talan is going to construct 57 new buildings and other objects for the bank in 14 Russian regions. The total volume of...
