Russia's season for summits
chancellor Angela Merkel at the luxury French beach resort of Deauville from October 18-19. Both invitations concerned joint security concerns of the West and Russia. Western media reported that the NATO invitation was a "bid to enhance security
IMF chief says sees no need to help Ireland
IMF chief Dominique Strauss-Kahn said in a newspaper interview on Friday that he did not expect Ireland to call on a European rescue fund to help the country cope with its financial crisis.
Russia's Putin says he wants peaceful division of Arctic
Russia is staking its economic future on its controversial territorial claim to a huge slice of the fast-melting Arctic, which holds up to a quarter of the world's untapped energy resources, and is set to launch an unprecedented diplomatic campaign to
Arctic Grab Is Mad Fight for Last Oil Frontier: Matthew Lynn
have the phrase Cold War, wed have to invent it to describe the power struggle taking place for Arctic Ocean resources. Companies such as BP Plc and OAO Gazprom are readying themselves for the last great energy frontier. Russia, the U.S., Canada and
Sinopec replaces Mittal as Lukoil partner in Kazakh project
ASTANA. Sept 28 (Interfax) - Indian Mittal has sold Chinese Sinopec a 50% stake in Caspian Investments Resources, which is operating an oil production project in Kazakhstan, sources close to the project told Interfax. Lukoil Overseas (RTS: LKOH) owns the
Iran gas out of the picture in pipeline politics
A proposed southern corridor gas route will not use any Iranian natural gas in the near future due to a row over Tehran’s disputed nuclear program, a US official says.
Irish bank bailout bill may hit 50 bln euros
Ireland is preparing to pump extra cash into banks, raising the cost of repairing the financial system to as much as 50 billion euros.
EBRD to focus on Turkish energy sector, bank president says
The European Bank of Reconstruction and Development could be investing a billion euros annnually in Turkey by 2012, the bank's president said.
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