The country is planning to expand its gas production at the Black Sea shelf as well as to develop shale gas production with the help of foreign partners.

• August 26, 2011

China is increasingly focused on naval power and has invested in hi-tech weaponry that will extend its reach in the Pacific and beyond, the Pentagon said.

• August 25, 2011

n a meeting with President Dmitry Medvedev, North Korean leader Kim il-Jong said he is ready to resume the six-party talks on the settlement of the nuclear problem on the Korean Peninsula without preconditions.

• August 24, 2011

For companies who buy electricity from the open market fixing prices is of no use either since new year’s price negotiations are based on the average price of the previous year.

• August 23, 2011

Russia has pledged to help India join the Nuclear Suppliers Group.Deputy Foreign Minister Sergei Ryabkov received Indian Ambassador to Russia Ajai Malhotra on Monday, the Russian Foreign Ministry said on its website.

• August 22, 2011

North Korea's leader Kim Jong-Il meets Russian President Dmitry Medvedev in Siberia this week for rare talks expected to focus on energy cooperation, Pyongyang's nuclear programme and hunger in the isolated Communist state.

• August 22, 2011

Turkmen President Gurbangulu Berdimuhammedov approved the main directions of development of the country’s industry region Lebap that gained a strategic importance in recent years.

• August 20, 2011

Belarus potash miner Belaruskali will not take out a $2 billion loan from German lender Deutsche Bank (DBKGn.DE: Quote) and Russia's Sberbank , Russian and Belarus news agencies cited its general director as saying.

• August 20, 2011