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Russian industrial production grew to 4.7 %
In 2011 industrial production in Russia grew to 4.7 %, says the official press release of the Federal State Statistics Service.
Export oil duty to fall to $ 397.5 per ton
From 1 January 2012 export oil duty has fallen to $ 397.5 per ton in Russia. This is $ 9.1 less than in the end of 2011.
Total Increases its Stake in Novatek to 14.09%
French company Total, one of the largest European oil and gas concerns, has acquired 2% interest in Russian company Novatek, the largest independent gas producer in Russia.
Zarubezhneft & TNK-BP to Bid for Vietnamese Gas & Oil Deposits
Russian oil companies Zarubezhneft and TNK-BP will bid for gas and oil deposits in Vietnam. Each company claims for one out of nine shelf blocks put up for tender.
More Russia in the Arctic
Russian authorities announced their intention to pay close attention to Arctic natural resources. All ecological standards will be followed during industrial processes, the government promises.
Russia to Explore the Kuril Islands Together with Japan
Russia suggests exploring and developing oil and gas deposits of the Kuril islands together with Japan, Russian authorities say.
Proton Accelerator to Be Modernized
Russian physicists from Kurchatov research centre decided to revive and modernize a unique particle collider a proton accelerator, located in the Moscow Region.

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