Search Results for: Russian

BY MARK ROWE
ISRAEL’S Eilat-Ashkelon Pipeline Company is swapping Egyptian crude oil for Russian this month (June), the final stage of a plan to transport Russian and Caspian crude to Eilat, on the Red Sea, for easier sale into Asia. The company last month awarded a tender to swap Egyptian crude oil for Russia’s sour Urals crude.…

BY MARK ROWE
SALES of the Order of the Pheonix have proved swift at the Moskva chain’s flagship bookstore in Moscow. In Russia, a book that sells 50 copies in a month in a shop is considered to have a good run but the Phoenix, has already far outstripped that with sales topping “several hundred” according to staff at Moskva.…

BY MATTHEW BRACE
THE CLUTCH of much-maligned offshore financial centres (OFCs) on remote Pacific islands have been swamped by so many accusations of impropriety, they are now struggling to stay afloat.

Labelled as palm-fringed, sun-drenched laundries for the world’s dirty money, these tiny island states and dependent territories are trying to fend off attempts by international organisations to excommunicate them from the global financial church.…

BY KEITH NUTHALL
RUSSIA has unambiguously staked its claim to territorial rights to wide swathes of the Arctic Ocean between its northern coast and the North Pole, waters that are currently frozen for most of the year, but which may become more accessible to submarine mining thanks to global warming.…

BY MARK ROWE
MORE than 100 gold mining companies had their licences revoked in the far eastern Russian region of Magadan last year for violating procedures and legal guidelines on excavation. In addition, 69kg of illegally mined gold were confiscated during 2002 in the region, according to the Russian interior ministry.…

BY KEITH NUTHALL
THE EUROPEAN Union’s funding institutions are increasingly financially assisting the former USSR’s oil industry. The European Bank for Reconstruction and Development (EBRD) is lending US$80 million loan to a key subsidiary of Russia’s Lukoil group – CSJC Lukoil-Perm – to help it cut gas flaring to 20 per cent by 2005, compared with 52 per cent at typical Russian oilfields.…

KEITH NUTHALL
AN INITIATIVE to transform natural gas burnt off in Russia’s oil fields into electricity and consumable heat has been developed by the European Bank for Reconstruction and Development (EBRD). It is granting a six year US$80 million loan to a key subsidiary of Russia’s Lukoil group – CSJC Lukoil-Perm – to help it cut gas flaring to 20 per cent by 2005, compared with 52 per cent at typical Russian oilfields.…

BY MARK ROWE
RUSSIA and vodka are inseparable bedfellows but is there room for a ménage-a-trois? Its domestic market for beer is booming, while abroad both Russian immigrant communities and western European and north American drinkers are enjoying the novelty factor of a quality brew from the traditional home of vodka.…

BY MARK ROWE
RUSSIA has ordered its farmers to destroy almost 90,000 chicks it fears comes from the Netherlands because of the avian-flu outbreak in that country. The virus was founding in imported Dutch hatching eggs in two towns south of Moscow and the Russian agriculture ministry has asked European veterinary services to provide additional safety guarantees about egg and chick exports.…

BY KEITH NUTHALL
AS AMERICAN and British military forces secure control of Iraq from the regime of dictator Saddam Hussein using the latest military technology, the United Nations Environment Programme (UNEP) has released a cautionary report confirming for the first time that depleted uranium shells can and have contaminated drinking water.…