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    Russian Economy General News: #2

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    mutantsushi

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    Re: Russian Economy General News: #2

    Post  mutantsushi on Sat May 24, 2014 7:02 am

    magnumcromagnon wrote:
    Viktor wrote:It was inevitable bounce 

    Write-down of two-thirds of US shale oil explodes fracking myth

    I've been telling people for years that fracking is nothing more than a state-subsidized boondoggle!
    Any comment on Bazhenov then?
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    collegeboy16

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    Re: Russian Economy General News: #2

    Post  collegeboy16 on Sat May 24, 2014 7:38 am

    maybe you can still frack wells that were "depleted" by conventional means- tho if the past method was really efficient then you are just scraping the bottom of the barrel then.
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    magnumcromagnon

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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Sat May 24, 2014 8:40 am

    mutantsushi wrote:
    magnumcromagnon wrote:
    Viktor wrote:It was inevitable bounce 

    Write-down of two-thirds of US shale oil explodes fracking myth

    I've been telling people for years that fracking is nothing more than a state-subsidized boondoggle!
    Any comment on Bazhenov then?

    I think I've heard Gazprom say that fracking isn't high on their agenda, that it's not profitable in the long term, and that they weren't threatened whatsoever by the U.S.inflated hype machine surrounding their "Shale Revolution" probably the most exaggermarketed hyped up hot air since Barack Obama established a presidential exploratory committee to run for his first term.
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Sat May 24, 2014 4:35 pm

    Another 400+ bin $ contract with China in the pipeline  thumbsup 

    Putin: China will become a major consumer of gas in the western route of the Russian Federation
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    collegeboy16

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    Re: Russian Economy General News: #2

    Post  collegeboy16 on Sat May 24, 2014 5:07 pm

    Viktor wrote:Another 400+ bin $ contract with China in the pipeline  thumbsup 

    Putin: China will become a major consumer of gas in the western route of the Russian Federation
    capitalism fck yeah!
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Sat May 24, 2014 6:13 pm

    Rosneft signed a long-term contract for the supply of gas to the Company EuroChem
    "Novomoskovskiy nitrogen" EuroKhim, Tula region
    In the St. Petersburg International Economic Forum "Rosneft" and "EuroChem" signed a six-year contract for the supply of gas. The document signed by the President, Chairman of the Board of JSC "NK" Rosneft "Igor Sechin and CEO of" MCC "EuroChem" Dmitry Strezhnev.

    The Agreement provides for the supply of gas in total to 9.82 billion m3 to 31 December 2019 year.

    The agreements form the basis for enhanced cooperation between the companies in the gas sector.

    Commenting on the signing, Igor Sechin, said: "We are delighted to launch cooperation between our companies. Long-term contract signed today is evidence that "Rosneft" and "EuroChem" see great potential for expanding the areas of mutually beneficial partnership. We believe that cooperation between the two companies should go beyond trade in gas. "
    Dmitry Strezhnev on after signing said: "The signed contract with one of Russia's largest producers of natural gas will allow 64% to satisfy the consumption of one of our plants, which is located in the Tula region. Strategy "EuroChem" implies a substantial development of production, and is important for us to diversify gas supplies to the channels of the enterprise. This will preserve the competitiveness of nitrogen production in the world market, and the company "Rosneft" in our face get a reliable and trustworthy partner. "

    mutantsushi

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    Re: Russian Economy General News: #2

    Post  mutantsushi on Sat May 24, 2014 11:04 pm

    Wow, that 2nd pic has a Giger-esque quality...
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    magnumcromagnon

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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Sun May 25, 2014 1:25 am

    China, Russia outrank U.S. when it comes to corporate transparency

    For journalists and researchers pursuing cross-border and global investigations, access to information on companies is a basic need, but one that is not always easy to fulfill.

    Unsurprisingly, different jurisdictions have substantially different rules, methods, and levels of public availability of corporate data.

    But what may be surprising is that countries like China and Russia provide better access to corporate information than the United States and Canada, according to a new report.

    The Open Data Compass report (and website) was released earlier this month by the UK-based Arachnys Information Services. The report analyzed and ranked 215 countries and territories for availability of corporate registrations and ownership, accessibility of litigation information and size of the news media industry. The three metrics derived from the Arachnys methodology are combined for an overall score.

    Open and closed books

    At #215, the Arachnys Open Data Compass reveals that Turks and Caicos “live up to their reputation as an opaque and high-profile tax haven, with a total lack of corporate and litigation information.”

    And who is #1? New Zealand. “Full court records are available for almost every court and detailed corporate records are searchable and thorough,” the Arachnys Open Data Compass states. Rounding out the top 10 are the UK, Australia, France, Germany, Croatia, Netherlands, Finland, Estonia and Hong Kong.

    The United States comes in at number 26 on the list, while Canada is 70th, a long way behind Albania (ranked 11), China (20), Venezuela (21), and Russia (23).

    http://news.yahoo.com/china-russia-outrank-u-comes-170000215.html

    http://www.publicintegrity.org/2014/05/13/14760/china-russia-outrank-us-when-it-comes-corporate-transparency?utm_campaign=syndication&utm_source=yahoo-news&utm_medium=continue-reading-link
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    magnumcromagnon

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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Mon May 26, 2014 6:55 am

    Any steps to isolate Russia are doomed to failure - French expert



    In his interview with the French newspaper, Le Parisien, Jacques Maillard, member of the Foreign Affairs Committee of the French National Assembly and active participant in the Russia–France Parliamentary Friendship Group, said that the West should revamp its policy towards Georgia and the Ukraine.

    "Encouraging the Ukraine’s and earlier Georgia’s ambition to join NATO, the West carried out a genuinely hazardous policy. "Orange revolutions" were actively supported by the US in opposition to Russia", the French MP said. He took a resolute stand against the West imposing sanctions against Russia. "It is usually clear with sanctions how they begin but absolutely unpredictable what they will end up with. It helps to remember that Russia is part of the European system of relations. Russia is the partner with which a number of European countries are trying to find a solution to arising problems. I mean issues surrounding Syria and Iran in particular," the French MP said. Jacques Maillard pointed out that at the same time Russia is also interested in the West for solving its economic problems, warranting development and selling gas. And we remain Russia’s partners, the French MP said. "It must be admitted that no one intends to seriously and irrevocably fall out of Moscow in the current situation. No country is nursing a scheme to start a war over Kiev or Sevastopol, so nobody should dote on bubbles in this respect," Maillard said. "Any policy aimed at isolating Russia is doomed to failure. Major powers should hold an international conference on the Ukraine so as to find a solution capable of satisfying both sides. But in doing so, one should stick to a realistic attitude and admit that it is impossible to go without Russia in this matter," the French expert pointed out. Jacques Maillard also recalled that the reconciliation process is going to be very difficult, so it is not to be supposed that the Ukraine is the Snow White and Russia is the Big Bad Wolf. "We must not forget that some participants in the Maidan events were activists of extreme right-wing pro-fascist Ukrainian groups," the French MP said.

    Read more: http://voiceofrussia.com/news/2014_05_25/Any-steps-to-isolate-Russia-are-doomed-to-failure-French-expert-8014/
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    TR1

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    Re: Russian Economy General News: #2

    Post  TR1 on Wed May 28, 2014 11:10 am

    Bank of America raises Russia’s GDP growth forecast for 2015 after gas deal with China

    http://en.itar-tass.com/economy/733655

    (BAC) has raised Russia’s GDP growth forecast for 2015 from 1.5% to 2.1% amid the gas deal with China, according to the company’s analytical report.
    The GDP growth forecast for the current year has been left at 0.9%.
    Meanwhile, Russia’s investments growth forecast has been raised from 0.4% to 4.3%.
    The 30 years gas deal with China worth $400 billion is so huge that it would likely have a substantial economic effect, the research says.
    According to BAC estimates, the expected capital expenditures at $55 billion will increase investments into the Russian economy for at least $5-6 billion annually, beginning from 2015.
    The gas deal may also enforce the ruble, if China pays $25 billion in advance, the report says.
    According to BAC forecast, by the end of 2014, the dollar rate will make 35.5 rubles, and by the end of 2015 — 36 rubles.

    ------------------------------------------------------------------------------

    Pretty serious stuff. Hopefully the money on top of the investment is actually used to develop the economy.
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    Hannibal Barca

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    Re: Russian Economy General News: #2

    Post  Hannibal Barca on Wed May 28, 2014 12:50 pm

    OK soon they should rise agin the discussion of transferring the capital to Asia. My opinion is that this is inevitable sooner or later.
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    macedonian

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    Re: Russian Economy General News: #2

    Post  macedonian on Wed May 28, 2014 3:00 pm

    Deutche Welle in Macedonian is reporting that the EU commission has warned Bulgaria against South Stream development, which, it seems, they've started to build. They report that the beginning of the construction of South Stream has begun in cooperation 'with a person recently added to the visa ban of the EU, because of the situation in Ukraine'...
    They report that Baroso has telephoned the Bulgarian PM, and told him that he's breaking the rules set up by the commission, and they (EU commission) will 'take steps' because of this...
    My +1 goes to Bulgaria for showing courage, and I can only hope they go through with it.

    Link to DW (in Macedonian)


    Last edited by macedonian on Wed May 28, 2014 3:34 pm; edited 1 time in total
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Wed May 28, 2014 3:06 pm

    Another big one in preparations  thumbsup 

    "Rosneft" and Sinopec have extended negotiations on oil contracts for $ 85 billion
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    sepheronx

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    Re: Russian Economy General News: #2

    Post  sepheronx on Wed May 28, 2014 3:44 pm

    macedonian wrote:Deutche Welle in Macedonian is reporting that the EU commission has warned Bulgaria against South Stream development, which, it seems, they've started to build. They report that the beginning of the construction of South Stream has begun in cooperation 'with a person recently added to the visa ban of the EU, because of the situation in Ukraine'...
    They report that Baroso has telephoned the Bulgarian PM, and told him that he's breaking the rules set up by the commission, and they (EU commission) will 'take steps' because of this...
    My +1 goes to Bulgaria for showing courage, and I can only hope they go through with it.

    Link to DW (in Macedonian)

    I think an agreement was made with Austria for the oil pipeline to end up to. So Brussles will have a tough time trying to stop this. EU is useless.

    http://en.ria.ru/world/20140528/190193497/Japanese-Lawmakers-Propose-6Bln-Gas-Pipeline-From-Sakhalin.html

    Japan lawmakers pushing for $6B gas pipeline from Russia to Japan.
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Wed May 28, 2014 3:58 pm

    11.6 bin $ deals signed on St.Peterburg economy forum  thumbsup 

    Ulyukayev: PMEF successful, signed contracts for 400 billion rubles
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    macedonian

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    Re: Russian Economy General News: #2

    Post  macedonian on Wed May 28, 2014 4:35 pm

    sepheronx wrote:
    macedonian wrote:Deutche Welle in Macedonian is reporting that the EU commission has warned Bulgaria against South Stream development, which, it seems, they've started to build. They report that the beginning of the construction of South Stream has begun in cooperation 'with a person recently added to the visa ban of the EU, because of the situation in Ukraine'...
    They report that Baroso has telephoned the Bulgarian PM, and told him that he's breaking the rules set up by the commission, and they (EU commission) will 'take steps' because of this...
    My +1 goes to Bulgaria for showing courage, and I can only hope they go through with it.

    Link to DW (in Macedonian)

    I think an agreement was made with Austria for the oil pipeline to end up to. So Brussles will have a tough time trying to stop this. EU is useless.

    Yes, see my post about that awhile ago.
    Not sure how it'll end. Even Germany was pressured to put sanctions on Russia, and Austria is nowhere near that "high-league" EU member. I'm hoping for the best.
    The EU is in fact useless to most Europeans. It's a Godsend to Washington and EU oligarchy though.

    sepheronx wrote:http://en.ria.ru/world/20140528/190193497/Japanese-Lawmakers-Propose-6Bln-Gas-Pipeline-From-Sakhalin.html

    Japan lawmakers pushing for $6B gas pipeline from Russia to Japan.
    Hope that deal goes through...not holding my breath that American puppet Abe will be thinking rationally though.
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    navyfield

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    Re: Russian Economy General News: #2

    Post  navyfield on Wed May 28, 2014 8:52 pm

    The is reshuffeling going on today ,its time to connect to Russia energy grid or be left behind because china will fill all possible new slots ,i dont think micro germany-austria will make that mistake.
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Thu May 29, 2014 12:56 am

    Nice  thumbsup 

    Klepatch: Russia's GDP rose in April by 1.1%
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    magnumcromagnon

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    Re: Russian Economy General News: #2

    Post  magnumcromagnon on Tue Jun 03, 2014 2:09 pm

    China and Russia to establish joint rating agency

    No more Fitch, Moody’s, or Standard & Poor’s for Russia and China, as they have agreed to establish a rating agency on joint projects, and later, international services, Russian Finance Minister Anton Siluanov said Tuesday.

    “The establishment of an independent rating system is being discussed. Many countries would like to have more objectivity in the assessment of rating agencies,” Siluanov said.

    “There will be a Russian-Chinese rating agency, which will use the same tools and criteria for assessing countries and regional investments that existing rating agencies use,” the minister said.

    http://rt.com/business/163340-china-russia-rating-agency/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Tue Jun 03, 2014 3:12 pm

    Relations and interests getting better with each passing day

    Russia, China Agree on Cooperation in Monetary Policy
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    Hannibal Barca

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    Re: Russian Economy General News: #2

    Post  Hannibal Barca on Tue Jun 03, 2014 6:28 pm

    This is one of the most dramatic turnarounds in human history. Without weapons of mass distraction this would had lead to an all out war.
    Now they have to play out the projections to the very end which means, except if all analysts are very much mistaken, that the Yankees are f@ed big time.

    Asf

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    Re: Russian Economy General News: #2

    Post  Asf on Tue Jun 03, 2014 9:32 pm

    Without weapons of mass distraction this would had lead to an all out war.
    TV shows saved us all  Very Happy 
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    GarryB

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    Re: Russian Economy General News: #2

    Post  GarryB on Wed Jun 04, 2014 1:17 pm

    The sad thing is that if the west had just played nice Russia could have been signing all these agreements with the US and EU, but instead Russia has been pushed east to China.

    Missed opportunity for which the west should be kicking itself, but instead will no doubt blame Putin.


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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Wed Jun 04, 2014 2:09 pm

    A record if I remember correctly  thumbsup 

    Ministry of Agriculture forecasts grain harvest in Russia in 2014 at 96.8 million tons

    And this refers to Altai gas pipe I think

    Sergei Ivanov: Russia and China can agree on the construction of another gas pipeline
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    Viktor

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    Re: Russian Economy General News: #2

    Post  Viktor on Thu Jun 05, 2014 2:58 pm

    Given all the fuss about Ukraine and Crimea reunification (which is single most important thing and great Putin victory in recent Russia history), Russian economy is doing quite well tnx to

    exceptional Russian politics, GDP growth is 1.1% and now there is budget surplus

    Medvedev: Russian budget in the first quarter of 2014 a surplus of 1.1% of GDP

    and

    FCS: Russia's foreign trade surplus in January-April 2014 increased by 8%


    Last edited by Viktor on Thu Jun 05, 2014 4:03 pm; edited 1 time in total

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