The Russian Energy Ministry expects production of hard-to-recover oil reserves to rise by 10-15% in 2016, Deputy Minister Kirill Molodtsov reported. “Our combined amount of production of hard-to-recover oil reserves has increased. Last year it stood at 21 million tons, I think, but this year we will increase it by about 10-15%. This is not…Details
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Belarus has violated the procedure of defining a tariff for oil transit, and it and Russia will hold consultations on the matter, Russian Deputy Energy Minister Kirill Molodtsov reported. On September 28, Minsk raised the tariff for transit of Russian oil by 50% on average. The order will come in effect on October 11. On…Details
Russian companies have started working on receiving access to correspondence of WhatsApp, Viber, Facebook Messenger, Telegram and Skype users under data retention laws aimed at fighting terrorism. Con Certeza, a developer of a system for investigation activities on networks of mobile operators, is looking for a contractor to research catching and deciphering traffic of the…Details
Russia may boost production of organic food, or food produced without genetically modified organisms, and occupy a tenth of the world market in the next two decades, Agriculture Minister Alexander Tkachyov said. “Russia may occupy up to 10% of the world market of organic products in 20 years”, he said. “Experts forecast that the world…Details
As of October 3, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 42.9 million ha (on the same date in 2015 – 39.9 million ha), or 90.9% of the planned areas (47.3 million ha). The produced volumes reached 111.7 million tons of grains, with the average yield…Details
Russian metals holding Metalloinvest has signed a contract to export over 600,000 tons of rail and shaped billets to Kazakhstan’s Aktobe Rail and Section Works in 2017-2020 from its unit Ural Steel, Metalloinvest said in a statement. In February Metalloinvest signed a 3-year contract to export about 600,000 tons of rail and shaped billets by…Details
The board of directors of the Russian state-owned oil major Rosneft has approved participation in privatization of a 50.08% government stake in oil company Bashneft, sources familiar with the matter reported. Rosneft said in a separate statement that the board had approved a large deal, and a representative of the company said that the deal’s…Details