Keyword: russiaoil

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  • Russian ruble plunges as economy hit hard by falling oil prices, sanctions

    12/02/2014 4:52:25 PM PST · by Agog · 7 replies
    The Globe and Mail ^ | 12/02/2014 | Brian Milner
    Russia’s central bank is trying to resist a brutal assault on the ruble, but any respite is bound to be short-lived. The Central Bank of Russia waded into currency markets Monday as the ruble plunged to levels not seen since the 1998 financial crisis that triggered a devaluation and government debt default. Like the Canadian dollar and the Norwegian krone, the Russian currency has been under extreme pressure amid the collapse in oil prices. The ruble plunged as much as 6.5 per cent Monday, hitting a record low against the U.S. dollar before retracing some its lost ground to close...
  • Russia and Iran Lock NATO Out of Caspian Sea

    10/01/2014 11:03:10 AM PDT · by mac_truck · 19 replies
    The Diplomat ^ | Oct 1 2014 | Jacopo Dettoni
    A summit earlier this week achieves consensus on the inadmissibility of a foreign military presence in the sea. Iran and Russia have built unanimous consensus among the Caspian states, which also feature Azerbaijan, Kazakhstan and Turkmenistan, over the inadmissibility of a foreign military presence in the Caspian Sea, ruling out any future possible deployment of NATO forces in the basin. A political declaration signed by the presidents of the five Caspian states at the IV Caspian Summit held in Astrakhan, Russia, on September 29, “sets out a fundamental principle for guaranteeing stability and security, namely, that only the Caspian littoral...
  • AP Enterprise: Russia oil spills wreak devastation

    12/17/2011 10:04:12 PM PST · by quantim · 10 replies
    AP/WorldMag ^ | Dec 18, 12:00 AM EST | NATALIYA VASILYEVA
    USINSK, Russia (AP) -- On the bright yellow tundra outside this oil town near the Arctic Circle, a pitch-black pool of crude stretches toward the horizon. The source: a decommissioned well whose rusty screws ooze with oil, viscous like jam. This is the face of Russia's oil country, a sprawling, inhospitable zone that experts say represents the world's worst ecological oil catastrophe. Environmentalists estimate at least 1 percent of Russia's annual oil production, or 5 million tons, is spilled every year. That is equivalent to one Deepwater Horizon-scale leak about every two months. Crumbling infrastructure and a harsh climate combine...
  • China to Get First Crack at Russian Oil: Putin

    07/17/2005 8:05:01 PM PDT · by ex-Texan · 25 replies · 1,006+ views
    Atimes.com ^ | 7/16/2005 | John Helmer
    MOSCOW - In his most detailed statement to date, President Vladimir Putin has spelled out Russia's priorities for transporting crude oil to Asian markets in the next decade. In diplomatic but unambiguous language, Putin rejected Japanese proposals, in favor of China. In a press conference at Gleneagles last week as the new chairman of the G8, Putin identified rail deliveries to China from the new border terminal at Skovorodino as his first priority, with 20 million tons (385,000 barrels per day) the target for delivery, once Transneft, the state pipeline agency, builds the planned new pipeline to Skovorodino. This terminal...