The Russian Economic Development Ministry will suggest the government privatize another 8% in uncut diamond mining giant ALROSA in 2017, Minister Alexei Ulyukayev reported. In July, the government sold 10.9% in state-run ALROSA to private investors for 52.181 billion rubles on the Moscow Exchange. “We’ve put forward this option. We will continue to suggest it…
Oil major Rosneft will join OPEC in its efforts to cut production if such decision is taken and ensure that the Russian policy is fulfilled, spokesman Mikhail Leontyev reported. “Of course, the company will comply with it, if the decision is made, we will fully ensure compliance with state policies, will do everything it will…
Russian oil major Lukoil, which was earlier named as one of the main contenders for the government’s stake in oil company Bashneft, has dropped plans to participate in privatization due to its high price, Vice President Leonid Fedun reported. “It is too expensive”, he said. “We’ve made a preliminary bid, but we understand a price…
An $80 per barrel oil price would be the market’s “golden mean,” Vice President of Russian oil producer Lukoil Leonid Fedun reported. “The price which the market needs now in order for us to satisfy global demand until 2030 is $80 per barrel, according to our estimates”, Fedun said. (Prime/Business World Magazine)
The Kremlin does not see Igor Sechin, CEO of oil major Rosneft, contradicting position of President Vladimir Putin regarding Russia’s readiness to curtail oil output, spokesman for Putin Dmitry Peskov reported. Sechin said that Rosneft would not cut or freeze production despite Putin’s comments and OPEC’s agreement to limit daily oil output at 32.5-33 million…
Such decision was made by Ukrainian parliament. The moratorium for purchasing and selling of agricultural land or for other way of land alienation will remain effective until further regulations on the governmental level are adopted, but no earlier than January 1, 2018. Adoption of decision on land issue had not been expected to be put…
Microsoft has added Russian to the list of languages supported by Skype Translator in simultaneous interpreting of video calls and its other products on the basis of the Microsoft Translator platform, the U.S. company said in a statement. “The inclusion of Russian into the catalogue of Skype Translator is a result of multi-year research and…