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    American 3M to Expand into Russian Regions

    Mar. 23 – The U.S. industrial conglomerate 3M, formerly known as the Minnesota Mining and Manufacturing Company, plans to build local facilities in Russia’s Tyumen and Samara regions. The total investment is expected to be more than US$15 million, Reza Vaziri, 3M Russia chief said Tuesday to reporters. The company’s facility in Tyumen will produce[…..]

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    Gazprom to Build Refinery in Sakhalin Island

    Mar. 11 – Russian gas monopoly Gazprom is looking to build its first refinery in Sakhalin Island where most large oil international corporations have been producing crude for export in multibillion-dollar projects, Deputy Chairman of the company’s Board of Directors Alexei Miller said. By the end of this year, the company plans to wrap up[…..]

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    BP and Rosneft to Swap Shares

    Jan. 17 – BP Plc and Russian state oil producer OAO Rosneft signed a share swap agreement in London last Friday. BP agreed to swap a US$7.8 billion stake in the company for a 9.5 percent share of Rosneft to develop three massive offshore exploration blocks Rosneft owns in the Arctic Circle. BP Plc’s US$7.8[…..]

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    TNK-BP to Swap Assets with Indian ONGC

    Dec. 29 – Russian oil group TNK-BP may swap some of its assets with Indian state-run explorer Oil & Natural Gas Corp., Mikhail Fridman, the head of TNK-BP said on Monday. TNK-BP may offer some of its assets to ONGC in order to gain the Indian company’s approval to buy BP Plc’s stake in a[…..]

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    Gazprom to Boost Asian Market Supply

    Oct. 12 – Russian gas monopoly Gazprom may build plants to liquefy and compress natural gas on Russia’s Pacific Coast, Primorye Regional Governor Sergei Darkin said on Friday. The project will energize development in Russia’s Far East, boosting regional economies and allowing the region to compete with Middle East producers to supply Asian markets.

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    Rosneft and CNPC to Build US$5 Billion Oil Refinery in Tianjin City

    Sept. 23 – OAO Rosneft, Russia’s largest oil producer, and China National Petroleum Corp. will invest around US$5 billion in a joint oil refinery in the Chinese port city of Tianjin. Russia’s Deputy Prime Minister Igor Sechin, who is also Rosneft’s board chairman, joined Chinese Vice Premier Wang Qishan in the future refinery town of[…..]

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    Foreign Investors May Participate in Trebs and Titov Auction

    Aug. 12 – Russia’s official government web site has published conditions under which a license to the strategic Trebs and Titov oil and gas fields in the Arctic north will be put up for auction. According to the document, 15 percent of oil extracted from the strategic deposits will be sold out at the Russian[…..]

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    Russia Considers Flexibility in Mining License Conditions

    Jul. 23 – The Ministry of Environmental Protection and Natural Resources has proposed that companies be given the option to change conditions in their licenses to allow them to cut extraction volumes. This measure will allow companies struggling with low raw material demand to reduce extraction without the fear of losing their licenses, Russian daily[…..]

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    Russians to Re-enter Ukraine in Exchange for Gas Price Cuts

    Apr. 18 – A decision on cutting the price of gas for Ukraine in exchange for participation in the country’s energy sector could be made on Tuesday, when Ukrainian Fuel and Energy Minister Yuri Boiko returns to Moscow for additional talks, as told by Russian Deputy Prime Minister Igor Sechin to reporters in Murmansk on[…..]

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    Foreign Investment Commission Approves Plant, Oil and Gold Mine Deals

    Apr. 14 – Prime Minister Vladimir Putin and the government’s foreign investment commission on Tuesday approved a deal to sell a private insulin plant to Europe’s biggest drug maker, France-based Sanofi-Aventis. The plant was bought in Oct 2009 from Bioton Vostok in Oryol region of Russian Federation which lies in 382 kilometers to the south[…..]

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