Lukoil and ConocoPhillips go to the end of the earth for more fuel: comments

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With gold prices hitting all time highs should Russia to be thinking of selling some of its reserves?

Russia Turkmenistan trade ties looking up Russia's First Deputy Prime Minister Viktor Zubkov has flown to gas-rich Turkmenistan to tie up a trade and economic cooperation deal. Zubkov says business relations with the Central Asian state are developing faster...

Political tensions add to woes for currency and credit Ongoing tensions about the conflict in South Ossettia have added to a volatile month for the Russian Ruble and the stock market. Market players say more capital outflows and a possible worsening of the credit...

Reports of energy supply cuts denied Russia will remain a reliable supplier of energy to Europe regardless of the political relations between different nations says Russia's Energy Minister Sergey Shmatko.

West Siberian Resources posts 2Q 2008 Net Profit of $157.8 million Swedish listed Russian oil producer, West Siberian Resources, has posted a 2Q Net Profit of $157.78 million for 2Q 2008 under IFRS.

Rosneft reports Net Income of $4.31 Billion for 2Q 2008 Russia’s largest oil producer, Rosneft, has posted a 2Q 2008 Net Income of $4.31 Billion under U.S. GAAP.

X5 reports Net Profit of $161 million for 1H 2008 Russian retail group, X5, has reported a 1H 2008 Net profit of 161 million, up 432% year on year, under IFRS.

Evraz posts 1H 2008 82% Net Profit increase Russian steelmaker, Evraz, has unveiled a 1H 2008 Net Profit of $2.04 Billion under IFRS, up 82% on the same period 2007.

Lukoil posts 2Q 2008 Net Profit of $4.13 Billion Russia’s largest independent oil producer, Lukoil, has posted a 2Q 2008 Net Profit of $4.13 billion under U.S. GAAP, up 64% on the same period 2007.

Russian harvest up as Russian agriculture looks to transform As food prices become a greater source of concern around the world, Russia will enjoy a record harvest this year. But industry experts say improving the productivity of Russian agriculture and dealing with rising...

ConocoPhillips looks ahead as Yuzhno Khylchuyu J.V. with Lukoil starts... Conocophillips and Lukoil have begun oil production in the Yuzhno Khylchuyu field located in the Nenets Autonomous District. 70% of the joint venture belongs to Lukoil, in which ConocoPhillips has a 20% stake.

Wimm Bill Dann 1H 2008 Net Income up 19.4% Russian dairy, baby food, and beverages producer, Wimm Bill Dann, has reported a Net Income of $78.6 million for 1H 2008 under U.S. GAAP.

Vimpelcom reports 31% year on year increase in 2Q 2008 Net Profit Russian mobile operator, Vimpelcom, has unveiled a Net Profit of $470 million for 2Q 2008, under U.S. GAAP, up 31% on the same period 2007.

Vozrozhdenie Bank posts 131% jump in Net Profit 1H 2008 Russia’s Vozrozhdenie Bank has posted a 1H 2008 Net Profit of $63.46 million (1.559 Billion Rubles) under IFRS.

Markets hit by politics as players wait for buyers to return The rocky performance of the Russian markets reflects investor nervousness about political risk. Despite big falls over recent weeks analysts are looking for a rebound saying Russian stocks are cheap, and the country’s

FAS looking at competition over access to gas pipelines Russia's Federal Antimonopoly Service says it's investigating Russia's second biggest oil producer Lukoil, on suspicion of barring a smaller rival from using a pipeline in the Komi republic.

Nissan showcases speedster while eyeing bigger market Nissan has brought one of the world’s fastest production cars, the GT-R, to the Russian market. It’s one of several elite models premiered at the motor show in Moscow, said to have more luxury cars than any other...

Kamaz sees Net Profit up 90% FY 2007 Russian truckmaker Kamaz has reported a 90% jump in its Full Year 2007 Net Profit under IFRS.

Pharmstandard unveils Net Profit of $73 million for 1H 2008 Russian drugmaker Pharmstandard has reported an 83% jump in Net Profit for 1H 2008 to $73 million under IFRS.

BMW finds Russian product top class BMW has stated some of its Russian manufactured models are better than its German made cars. The luxury automaker makes 6 and a half thousand units a year at its plant in Kaliningrad's special economic zone.

Japanese carmakers look to local production to rev up sales Japanese carmakers revealed aggressive expansion plans for Russia on the opening day of the Moscow Motor Show. But companies like Mitsubishi and Honda admit western rivals have been quicker to spot openings in one of...

Business sees upside to WTO accession delay The Russian government sees no prospect of Russia joining the World Trade Organization in the next year, according to first deputy prime minister Igor Shuvalov. But the postponement of Russia's entry – which...

State comes to the aid of AirUnion Prime Minister Vladimir Putin has ordered the state reserve to supply fuel to airlines of the Air Union Alliance. The debt will be guaranteed by the Rostechnology state corporation.

ONGC Videsh agrees to buy Imperial Energy for $2.58 Billion India’s ONGC Videsh, a wholly owned subsidiary of ONGC has agreed to outlay 1.4 billion pounds ($2.58 billion) for Britain’s Russian focussed oil producer, Imperial Energy.

NLMK unveils 44% 1H 2008 Net Profit jump Russian steelmaker NLMK has reported a H1 2008 Net profit of $1.53 billion under US GAAP, up 44% on the same period 2007.

Magnit serves up 75% jump in Net Income for 1H 2008 Russian food retailer Magnit has unveiled a Net Income of $65.9 million for the first half of 2008, up 75% on the same period 2007 under IFRS.

Norilsk share buy back exposes tensions between key shareholders Norilsk Nickel will buy back $2 billion worth of its shares from the markets. The announcement has sparked another crisis between the company's main shareholders – Interros and Rusal.

S7 looking at Austrian Airlines stake Russia's second-largest airline, S7, is considering bidding for a 42% stake in Austrian Airlines.

Ailing General looks to Russia as growth engine A senior General Motors executive has styled Russia its “growth engine” for Europe after sales jumped an astonishing 60% year on year. The statement came on the eve of the Moscow Motor Show, where the...

PM Putin calls for action on AirUnion Russian Prime Minister Vladimir Putin has called on Deputy Premier Sergey Ivanov to quickly resolve the situation regarding airline alliance AirUnion.

Norilsk votes in favour of $2 billion share buy back Norilsk Nickel is launching a share buy back programme worth two billion dollars.

Lukoil and ConocoPhillips go to the end of the earth for more fuel: comments

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