Russia 110721 Basic Political Developments
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- Nakhodka port transships 27 mln tons of cargoes in 2011.
- Activity in the Oil and Gas sector (including regulatory)
- Total Gets Yamal Buy Approval
- Terra firms up Russia financing
Gilat Closes Sakha Dealhttp://www.themoscowtimes.com/business/article/gilat-closes-sakha-deal/440876.html 21 July 2011 Bloomberg JERUSALEM — Gilat Satellite Networks said Wednesday that it would provide a broadband satellite network in Russia. The company was selected by the Sakha republic Finance Ministry to provide a full turnkey SkyEdge II broadband satellite network to serve new locations in Sakha, Gilat said in a statement. The contract was the second the company won this month in Russia. On July 13, Gilat said it was selected by Synterra to provide equipment for a broadband network.
Read more: http://www.themoscowtimes.com/business/article/gilat-closes-sakha-deal/440876.html#ixzz1SiZCfWqZ The Moscow Times 06:33 21/07/2011ALL NEWS
http://www.itar-tass.com/en/c154/189581.html 21/7 Tass A-1 VLADIVOSTOK, the Far East, July 21 (Itar-Tass) – Ports located in the Nakhodka city district in Russia’s Primorye region transshipped 27 million tons in the first six months of 2011. They’ve set a new freight traffic record among all the ports on Russia’s Pacific coast by increasing the freight turnover by almost two million tons since 2010. Oil, petroleum products and coal formed the bulk of transshipped cargoes – about 22 million tons, according to the eastern branch of the Rosmorport Company. If the Nakhodka ports continue working at their current rate, they may set another record by the end of 2011. Their previous achievement was 51.3 tons in 2010. The shipping harbor plans to transship 65 million tons of cargoes in 2012. The most powerful ports operating within the boundaries of the Nakhodka city district are the deep-water Vostochny port and an oil marine port of Kozmino where giant ships and tankers are loaded in 24 hours. Nezavisimaya Gazeta: Russian tourism sector on the brink of collapse http://www.focus-fen.net/index.php?id=n255200 21 July 2011 | 08:00 | FOCUS News Agency Home / World Moscow. Representatives of Russia’s tourism sector on Wednesday made a concerning warning. The tourism industry is on the brink of a new crisis. This time the issue does not concern the tourist inflows but of the profitableness. The clashes in Egypt played an important role for this, as they raised Turkish tour operators’ appetite for profit. In the future the downturn will affect the consumers with the latest increase of the price of tourist services, Nezavisimaya Gazeta writes. “Turkey comes first in terms of tourist interest, followed by Greece, Spain, Bulgaria, Egypt, Croatia, Cyprus, Thailand and Montenegro,” announced Maya Lomidze of the Association of Tour Operators of Russia. Activity in the Oil and Gas sector (including regulatory)Rosneft May Buy Lisin’s Chernomorneftegaz, Kommersant Sayshttp://www.bloomberg.com/news/2011-07-21/rosneft-may-buy-lisin-s-chernomorneftegaz-kommersant-says.html Q By Lyubov Pronina - Jul 21, 2011 6:07 AM GMT+0200 OAO Rosneft is in talks to buy ZAO Chernomorneftegaz as it seeks to expand its assets on the Russia's Black Sea shelf, Kommersant reported today, citing unidentified people familiar with the course of negotiations. State-owned Rosneft plans to buy almost 100 percent of the company from Russian billionaire Vladimir Lisin’s GRT Investments Ltd, the Moscow-based newspaper said. The deal, worth between $300 million and $400 million, may be completed by early fall, Kommersant said. To contact the reporter on this story: Lyubov Pronina in Moscow at lpronina@bloomberg.net To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net
The Moscow Times The government approved on Wednesday the purchase by France's Total of a stake in a major Arctic natural gas project, Yamal LNG, clearing another hurdle for its development. It appears that Total will buy the 20.5 percent interest from Novatek, the Russian gas producer that already owns 51 percent in the project and has the option to buy the remaining 49 percent from the other current shareholders. Prime Minister Vladimir Putin referred to the French company as "our long-time, good and reliable partner" before the special foreign investment commission, which he chairs, backed the deal. Yamal LNG is scheduled to produce its first liquefied natural gas in 2018, Putin said Wednesday. Other foreign partners, including from Qatar and India, may join the project, Novatek has said. 
The Novatek-led effort represents Russia's determination to expand its share of the market of the gas, which is shipped by tankers. The market — now dominated by Qatar — offers more flexibility in choosing customers. The government agreed to provide tax breaks for Yamal LNG and help with building some of the required transportation network. Together, the state and investors will spend at least 1 trillion rubles ($35.7 billion) getting the gas to market, including the construction of tankers and a new Arctic port, Putin said Wednesday. Without the tankers and the port, Novatek has said it would cost 15 trillion to 20 trillion rubles to develop the project. Total paid $4 billion in April to become a Novatek shareholder, buying 12 percent of the country's second-biggest gas producer after Gazprom. Yamal LNG, whose other current shareholders include Gennady Timchenko and — reportedly — Pyotr Kolbin, plans to lift its gas from the giant Yuzhno-Tambeiskoye field. Total is also a partner in a Gazprom-led plan to develop another Arctic natural gas field, Shtokman, in the middle of the rough Barents Sea. The final investment decision on that effort has been delayed several times and is now expected by the end of this year.
Read more: http://www.themoscowtimes.com/business/article/total-gets-yamal-buy-approval/440856.html#ixzz1SiQM7r87 The Moscow Times Terra firms up Russia financinghttp://www.upstreamonline.com/live/article268434.ece Frankfurt-listed Terra Resources has secured enough financing to start bringing on stream dozens of formerly producing oil and gas fields in Russia. Luke Johnson 20 July 2011 19:16 GMT The London-headquartered company said it had finalised an initial round of $7 Million in equity funding, with an additional $4 million available should it require more. Terra holds oil and gas concessions in Kalmykia, Russia, in the North Caspian region bordering Kazakhstan. The field contains 64 wells that were drilled more than four decades ago, all but two of which were producing. Terra says on its website that seven of the wells are listed as potential "super giant" finds. Low gas prices and insufficient infrastructure led to the capping of the wells, Terra says. It was not clear how long the wells have been capped or how long it would take to bring tham back into production. Terra has contracted Baker Hughes to help develop the field and bring the wells back into production. The US services giant will produce reservoir studies, production forecasts and field development models, and will perform geomechanical modelling for surface completion design and workover design. Terra was not immediately available to give further details. Published: 20 July 2011 19:16 GMT | Last updated: 20 July 2011 19:18 GMT Directory: gifiles -> attach attach -> British Forces – Akrioti, Greece Griffin Fighter Squadron (84 Squadron raf) MoD announced possible Typhoon and Tornado arrivals to the base France attach -> Russia 110204 Basic Political Developments attach -> Unclassified//for official use only attach -> Adaptability Sustainment attach -> Pop-up 1 ("C" Chechnya) Header Text: Emir of the Caucasus Emirate Doku Umarov Image attach -> Russia and Islam are not Separate attach -> Chapter 13: The Northern Caucasus attach -> Russia 100209 Basic Political Developments attach -> The evolution attach -> The devolution Download 318.03 Kb. Share with your friends:
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