Rostelecom 4G Bid Rejected by Defense Ministry, Kommersant Says
Putin Pressed to Reverse Potash Ruling
Acron Eyes Domestic Merger Amid $2Bln Investment Plan
From Russia with love and money - Until now, the founders of such elite enterprises have struggled to resist the wishes of venture funds, but the deals pioneered by Mr Milner – and already mimicked by Elevation Partners in a recent financing of Yelp – give them greater power. They can keep employees happy while retaining control.
Nokia agrees to open research centre in Russia - Finnish vendor signs MoU with president of Skolkovo Fund.
Economic Zone agreement signed - Yesterday, the agreement on creation of special economic zone was signed between Russian Economic Ministry, municipal and regional administration of Murmansk, and Kola district authorities.
Bashneft’s bid documents for the Trebs and Titov oil fields meet the tender commission’s criteria, Interfax reported, citing Anatoly Ledovskikh, head of the Federal Subsoil Resource Use Agency. (Bloomberg)
MICEX is in contact with Euroclear Bank about the possibility of establishing a link that would enable Euroclear clients to trade Russian bonds without a local account, Yekaterina Demushkina, head of the MICEX national depositary, said Wednesday.(Bloomberg)
PhosAgro chief executive Maxim Volkov said Wednesday that he wasn’t aware of any approach by Canada’s Indigenous Potash Group to get funds to buy a minority stake in Potash Corporation of Saskatchewan, and that he is “ready to cooperate with any interested parties.” (Bloomberg)
The 2011 budget would balance with an average oil price of $109 per barrel, while the actual budget is based on $75 oil, Deputy Finance Minister Alexei Savatyugin said Wednesday. (Bloomberg)
Sberbank may hire PIK Group founder Yury Zhukov to run its new property unit, which it is forming to manage real estate acquired from delinquent lenders during the global credit squeeze, Kommersant reported Wednesday, citing unidentified people familiar with the plan. (Bloomberg)
Activity in the Oil and Gas sector (including regulatory)
China, Russia still divided on pipeline gas price - "With regards to the pricing negotiation, the two sides have made efforts. We are still largely divided on pricing. The difference in the pricing between the two sides is $100 per 1,000 cubic metres," said Gu Jun, deputy director general of the National Energy Administration.
Armenia trying to persuade Russia to leave its gas price for Armenia unchanged - “Negotiations began by the end of each year for setting gas prices for the next year,” he said answering the question about Russian Gazprom’s intention to raise exported gas prices to European levels. “This year we started negotiating as well. We presented our arguments.”
Surgut cannot register MOL stake - Russian Surgutneftegas cannot register the stake it bought last year in Hungarian oil and gas group MOL's , an appeals court has ruled.
TNK-BP and AVTODOR sign Cooperation Agreement
Oil producers need single trading price system - Oil producers worldwide need to join hands and create a common transparent crude trading system to guarantee fair prices for all and stabilize the market, according to a Russian energy analyst… Maria Belova, deputy head of the energy department at the Russian Institute for Energy and Finance, said the oil market has become deeply connected to both the global economy and the world financial system.
Russia and NATO on Wednesday finished drafting the main documents for an upcoming meeting of the Russia-NATO Council, Moscow's envoy to NATO Dmitry Rogozin said.
The Russia-NATO Council summit will be held on November 20 in Lisbon. Russian President Dmitry Medvedev is due to take part in the top-level gathering for the first time since the August 2008 war between Russia and Georgia, which soured Russia's relations with the alliance.
"We finalized the drafts of the main documents for the Russia-NATO summit late Wednesday," Rogozin wrote in his Twitter blog. "It should be a very productive summit."
Moscow hopes that the summit in Lisbon will finally put an end to the post-Cold War period and will set guidelines toward a strategic partnership between Russia and NATO.
NATO Secretary General Anders Fogh Rasmussen earlier said the alliance hoped to work with Russia on a variety of issues, including the European missile defense.