Dmitry Zhdannikov
No image available
/ 11 January 2007

Russia restarts pipeline oil flow to Belarus

Russia restarted the flow of oil through its main oil export pipeline on Thursday after Belarus dropped an oil transit duty imposed last week and agreed to return oil Moscow said it had taken illegally. ”Transneft started to pump oil in the direction of Belarus at 8.22am Moscow time,” Sergei Grigoryev, vice-president of Russian pipeline monopoly Transneft, said.

No image available
/ 10 January 2007

Belarus claims deal with Russia over oil row

Belarus said on Wednesday it had reached agreement with Russia to settle a dispute that has halted oil supplies through a key pipeline to Europe, but Moscow did not immediately confirm a deal. President Alexander Lukashenko reached a compromise during a telephone conversation with President Vladimir Putin, the Belarussian leader’s office said.

No image available
/ 10 January 2007

Russia mulls oil output cuts, pipeline still shut

Russian officials and oil bosses discussed cutting oil output on Wednesday after a pipeline dispute with Belarus shut down a tenth on Europe’s oil supply, drawing harsh criticism from European leaders. Analysts and traders said Russia, the world’s second largest oil exporter, might need to axe around one million barrels per day of its production if the pipeline does not resume operation within a week.

No image available
/ 11 December 2006

The Kremlin is king in Russian business

Shell’s experience in the Russian Federation proves the Kremlin has slammed the door on foreign investors who want control of strategic projects — and other investors would do well to take heed, analysts and fund managers said on Monday. Shell has offered to cede control of its $22-billion Sakhalin-2 project to the state gas monopoly.