Russia Moves to Restrict Foreign Ownership of Energy Fields
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Investors said they interpreted the new rules as traffic signals that could smooth the flow of capital into Russia.
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Russia moved ahead Friday with plans to break up the country&#39;s largest oil producer over unpaid back tax bills, announcing it would auction off a majority stake in the main production unit of oil giant OAO Yukos next month.
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Russian President Vladimir Putin on Tuesday gave the go-ahead to government&#39;s decision to allow foreigners access to gas giant Gazprom&#39;s local shares, the Interfax news agency reported.
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The battle between Russian President Vladimir Putin and Yukos, the country&#39;s largest oil producer, intensified Tuesday after government officials announced plans to sell the company&#39;s key energy fields at rock-bottom prices.
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Rosneft, the state-owned Russian oil company, has reportedly moved to take control of Yuganskneftegaz, formerly Yukos&#39;s most important oil production plant.
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Konstantin Grigorishin, owner of Energetichesky Standart, the Ukrainian partner of Russia's Unified Energy Systems, is seeking to regain control over his Ukraine-based assets from allies of outgoing President ...
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State-controlled Russian oil company Rosneft said Thursday it acquired licenses formerly held by Yukos to develop a number of eastern Siberian oil fields.
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NEW YORK, December 23  - The Russian government appears all set to control 15% of the countryâs oil production, with the state-owned Rosneft purchasing Baikalfinansgroup, the unknown entity which won the weekend auction of Yukos
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Russia will play an increased role in oil and gas supply and trading with considerable consequence for the world&#39;s energy security, the International Energy Agency (IEA) said Tuesday.
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Russian President Putin approved the suggestion made by Prime Minister Fradkov to promptly liberalize the share market of natural gas monopoly Gazprom .
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Russia added Serbiaâs oil monopoly to its recent string of energy acquisitions in a deal that will also allow Moscow to send more natural gas to Europe through its South Stream pipeline.
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Moscow - Russia plans to combine Gazprom, the world&#39;s biggest natural gas producer, with state-owned oil producer Rosneft, easing rules for trading Gazprom shares and creating a company that may dominate the country&#39;s energy industry.
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Russia stepped up the pressure on Royal  Dutch Shell and its Japanese partners on Tuesday over a $20  billion oil and gas development in the Far East, sparking  protests from Tokyo and Brussels.
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Russia's natural resources minister said Monday that foreign companies would be welcome to help develop offshore oil fields, the same day a senior U.S. diplomat expressed concern about the minister's earlier statement that foreign access to oil and gas deposits would be limited.
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Recent developments in Russia all point in one direction: The Kremlin&#39;s energy sector policy has shifted to more aggressive efforts of direct control.
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Since Vladimir Putin became Russia&#39;s president in 2000, he has had his eye on tightening the state&#39;s direct control over the energy sector.
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The agreement mends a rift between the two Russian state energy companies that had been slowing investment in the development of new fields.