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News // Economy

EBRD To Study APG Flaring in Azerbaijan, Central Asia

The European Bank for Reconstruction and Development (EBRD) is beginning a study of flaring associated petroleum gas (APG) in Russia, Kazakhstan, Turkmenistan and Azerbaijan, 1news.az reports.

19 August 2010 , 12:45Oil and Gas Eurasia16850

Russian energy minister expects deal with Exxon over Sakhalin-1 budget

 The Russian Energy Ministry expects a deal to be struck soon with Exxon Neftegas on a budget for the Sakhalin-1 oil and gas project, Energy Minister Sergei Shmatko said on Tuesday.

18 August 2010 , 10:44RIA Novosti14280

Russian Crude Export Duties Set To rise $9.70 On September 1

Russia's export duty for crude could rise $9.70 to $273.50 per ton beginning on September 1, up from the current $263.80, while the duty on crude produced in East Siberia could rise $6.70 to $87 per ton, the Oil and Gas Information Agency reports based on the average price of crude according to monitoring reports by the Energy Ministry.

17 August 2010 , 11:18Oil and Gas Eurasia10690

Ukraine could avoid grain export quotas - govt

Ukraine could avoid imposing quotas on grain exports, despite a drought that has shrunk this year’s crop, Deputy Prime Minister Serhiy Tihipko said on Wednesday.

12 August 2010 , 11:59RIA Novosti9480

EU interested in boosting frog imports from Georgia

The European Union is interested in developing imports of frogs from Georgia, the country's agriculture minister said on Tuesday.

11 August 2010 , 10:33RIA Novosti16390

'Peak Oil' Theory Advocate Matt Simmons Dies

Matt Simmons, a prominent oil investor who argued the world was rapidly approaching peak oil production capacity, died suddenly on Sunday of an apparent heart attack at his home in North Haven, Maine.

10 August 2010 , 15:41CNBC News10300

Senate Democrats seek to end Big Oil tax break

Senate Democrats on Thursday proposed repealing a tax break for some major oil companies, including BP Plc, effective December 31.

06 August 2010 , 13:14Reuters11780

Foreign direct investment in Russia hits $21 bln in 1H10 (update 1)

Foreign direct investment in Russia's economy in the first half of the year reached $21 billion, Prime Minister Vladimir Putin said on Wednesday.

05 August 2010 , 10:38RIA Novosti14040

Oil Climbs, Settles Above $82 as Dollar Tumbles

U.S. crude oil futures rose 1.49 percent to settle at a three-month high above $82 a barrel on Tuesday, up a fourth straight session as the dollar weakened broadly and offset disappointing economic data.

04 August 2010 , 09:50CNBC News10840

Belarus and Russia urge Kazakhstan to adapt its railways freight tariffs

Belarus and Russia have suggested that Kazakhstan switch to common rail freight tariffs, head of Belarusian Railways Anatoly Sivak said on Thursday.

30 July 2010 , 08:31RIA Novosti19520

Russia again behind the USA in terms of steel production

Russia fell back behind the United States in terms of steel production during the first half having overtaken the North American nation last year during the global recession, the World Steel Association said Tuesday.

21 July 2010 , 09:23Bloomberg15700

Pakistan in negotiations to receive Chinese help for developing its energy sector

Pakistan's president appealed for Chinese help in developing his country's stagnant energy sector, pointing to nuclear power as one growth area but making no public mention of a deal with China that has alarmed the U.S. and others.

08 July 2010 , 08:49Yahoo finance15760

Azerbaijan wants to develop a non-oil export's oriented economy

The Azerbaijani businessmen were presented the opportunities and prospects of the program of the European Union GSP + at a "How to export goods to EU?" seminar organized by the Economic Development Ministry and the European Union July 5.

06 July 2010 , 10:20Trend.az14880

Impressive economic growth this year in Turkmenistan IMF predicted

The Turkmenistan economy is projected to grow impressively in 2010 and the fiscal balance is expected to remain in surplus, ITAR TASS reported referring to the IMF's statement for press on the conclusion of the annual review of Turkmenistan's economy.

01 July 2010 , 09:37Turkmenistan.ru12170

G20 leaders have agree to support budget deficit reduction and economic growth

Leaders at the G20 summit in Canada have agreed to cut national budget deficits without stunting economic growth.

28 June 2010 , 08:35BBC News11160

China should be the first world economy by 2020

China's economy will keep up its robust pace of growth despite the euro zone debt crisis and may exceed the United States to become the world's largest economy in 2020, an academic adviser to the central bank said in remarks published on Friday.

18 June 2010 , 09:37Reuters17030

Russia will lead growth in European and central Asian region

A rebound in Russia's economy will be among the main drivers of economic recovery in Europe and Central Asia this year, the World Bank said Thursday.

11 June 2010 , 08:58Irina FilatovaThe Moscow Times15110

Positive Global GDP expansion planned for 2010 and 2011 according to the World Bank

Global GDP is expected to expand between 2.9% and 3.3% in 2010 and 2011, reversing the 2.1 percent decline in 2009, the World Bank said in its latest report issued on Thursday.

10 June 2010 , 08:52RIA Novosti9560

Russia and Turkey have planed to boost their trade by $100 billion until 2015

Turkey and Russia are planning to increase their bilateral annual trade four-fold to $100 billion in the next five years, Turkish Prime Minister Recep Tayyip Erdogan said on Tuesday.

09 June 2010 , 09:19RIA Novosti15410

Insurance policies will raise by 50% to cover oil rigs in deep water

Insurers are charging 50% more for policies covering oil rigs in deep water after an explosion on a BP P.L.C.-leased platform in the Gulf of Mexico triggered the worst spill in U.S. history, Moody's Investors Service said.

04 June 2010 , 09:37Bloomberg173670

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