Russia's oil exports put OPEC in a spin; shipments soar as industry finds ways for bypassing a clogged pipeling system

Article Abstract:

Russian oil exports are expected to rise 15 percent in 2004, or to about 600,000 barrels a day, according to government and private sector forecasters. Steps such as accelerating the expansion of a port near St. Petersburg, Russia and bypassing the more crowded Bosporus pipeline route, have lead to the production increases. Larger projects to construct new pipelines have been somewhat stymied by political wrangling.

Government domestic functions, Foreign trade, International trade, Energy policy

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BP Russia venture faces more taxes

Article Abstract:

TNK-BP of Russia has been taxed with approximately $790 million back taxes claim by Russian authorities, damaging the confidence of nervous investors. This is the second blow TNK-BP has received recently, as the company also did not qualify for the right to develop new oil fields under new regulations. TNK-BP is a Russian joint venture of BP PLC, valued at $7 billion.

United Kingdom, Taxes, Taxation, TNK-BP

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China lends Russia $6 billion to help finance Yukos deal

Article Abstract:

China will lend Russia $6 billion towards the nationalization of OAO NK Yukos' main unit, secured by 48 million metric tons future shipments of crude oil.

China, Financial management, Industry Overview, Finance, Company investment, Investments, Company Profile, Company financing, OAO NK Yukos

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