Turkey, Russia, Ukraine & Kazakhstan Diversify in Gold
Today's AM fix was USD 1,583.25, EUR 1,267.41, and GBP 1,013.73 per ounce. Yesterday’s AM fix was USD 1,569.00, EUR 1,256.41, and GBP 1,009.00 per ounce. Silver is trading at $27.47/oz., €22.08/oz. and £17.64/oz. Platinum is trading at $1,445.25/oz., palladium at $601.40/oz. and rhodium at $1,190/oz. Gold’s safe haven credentials were burnished again yesterday when despite falls in stock indices globally, gold rose $15.10 or 0.99% and closed at $1,586.30/oz. Gold traded sideways in Asia and continues in a narrow range in European trading holding above $1,580/oz.
Belarus, Russia, Kazakhstan to set up container shipping company
Belarus, Russia and Kazakhstan will set up a joint container shipping company, Russian Premier Dmitry Medvedev told a press conference in Saint Petersburg on 15 June, Kazinform has learned from BelTA.
Russia oil firms face heavy fines for gas flaring
Russian oil companies are facing fines of hundreds of millions of dollars or more for polluting the atmosphere with excess amounts of flared gas, the newly appointed resources minister said on Saturday.
NPP raises interest of Lithuanian investors in Belarusian Ostrovets
The construction of the Belarusian nuclear power plant (NPP) has increased the interest of Lithuanian investors in Ostrovets District of Belarus, Chairman of the Ostrovets District Executive Committee Adam Kovalko said at the meeting with Lithuanian reporters on 13 June, reports law.by.
Kazakhstan, Afghanistan discuss development of bilateral relations
Kazakh Foreign Minister Yerzhan Kazykhanov and his Afghan counterpart Dr. Zalmay Rassoul discussed the main directions of developing bilateral relations and prospects of further trade, economic and investment cooperation, the Kazakh Foreign Minister reported.
US offers fuel sop to wean India from Iran oil
The Barack Obama administration is likely to open North America's doors to India for its energy needs as it pushes New Delhi to reduce its energy dependence on "nuclear armed" Iran. This hydrocarbon sop for India - oil, cooking and shale gas - is scheduled to figure in the third round of Indo-US strategic dialogue in Washington on June 13.
Turkmenistan sees growth in gas pipelines
Constructing a widespread network of pipelines for natural resources in Turkmenistan is of great national interest, the country's president said.
Sanctions will not impact trade with Iran, says India
Describing Iran as a key trading partner for energy, India Thursday made it clear that unilateral sanction by the US and European Union will not be allowed to impact trade between the two countries.
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