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... Indian Oil Corp. and Oil India Ltd., will start production at the Carabobo 1 block in August and reach output of 35,000 bpd in December, Ramirez said. The Consorcio Nacional Ruso is a venture with Gazprom, Surgutneftegaz, LUKoil, TNK-BP and Rosneft. OPEC listed Venezuela's production at 2.37 million bpd in December, according to the oil cartel's January Oil Market Report. 179743
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Most Read
1.
Renaissance to Start $5Bln Kenyan Project
Renaissance Partners, the investment unit of Moscow-based Renaissance Capital, will start building a $5 billion residential complex outside the Kenyan capital, Nairobi, this month.
2.
Protecting Commercial Secrets in Outsourcing
It is no surprise that outsourcing became an essential part of business a long time ago. The advantages offered by outsourcing are indisputable. The Russian market is no exception; outsourcing is becoming more and more popular in resolving various business tasks.
1.
Putin Stand-In Faces Zhirinovsky Fire
In Tuesday's second presidential debate of the campaign season, firebrand Vladimir Zhirinovsky harangued Prime Minister Vladimir Putin's levelheaded proxy over her patron's refusal to debate and alleged desire to rule for life.
2.
Pro-Putin Song Is Web Hit
A schmaltzy music video hailing Prime Minister Vladimir Putin as Russia's savior became a hit on the Russian Internet on Tuesday, with many bloggers and YouTube users poking fun at the song's hyperbolic lyrics.
3.
Lavrov in Syria to Strongly Back Assad
Foreign Minister Sergei Lavrov met with Syrian President Bashar Assad in Damascus on Tuesday, sending a clear message that Russia intends to stand by its strongest ally in the Middle East amid an international outcry over the country's response to a civil revolt.
4.
Putin Chasing Imaginary American Ghosts
Here we go again — another round of anti-Americanism from the Kremlin and state-controlled media. Blaming outside forces for Russia's woes has a long history in the country. The closer we get to the March 4 presidential election, the more intense the anti-American hysteria becomes.
5.
Campaign Mudslinging Taken to New Lows
If politics is a dirty business, then Russia is no exception.
6.
FSB Upgrades from iPads to Pricey Typewriters
The Federal Security Service paid over 2 million rubles ($67,000) for an order of nearly 100 typewriters, or about 22,000 rubles per machine.
7.
Report: United Russia Might Be Dismantled
United Russia, the country's dominant political party for more than a decade, might be radically reformed or even dissolved in the coming months.
8.
Moscow Is Unlovable and Unlivable
Today's Moscow is unlovable and unlivable, overdeveloped, underserved by public utilities and choked by traffic. You can't drive, you can't breathe, there is no place to park and walking is impossible thanks to giant SUVs lining the sidewalks.
9.
Realpolitik Without Realism
People have been asking me all week why the Kremlin is so stubbornly supportive of Syrian President Bashar Assad. "Is Russia's support based solely on weapons contracts with Syria," they wonder, "or the Kremlin's desire to maintain its naval base at the Tartus port?"
10.
Alpha Dog Can't Save Russia
Every failed revolution is followed by a serious repercussion. Considering that the current "White Revolution" is bound to fail, turmoil awaits this country after Prime Minister Vladimir Putin is inaugurated as president in May. And it will be a powerful repercussion, like the one that followed the failed revolution of 1905.
1.
Election Webcam Installation Begins
In a city that was once the cradle of Russian democracy, an unprecedented new campaign kicked off over the weekend to install web cameras in every polling station around the country in an effort to prevent voting fraud.
2.
Feminist Punk Band Become Unlikely Putin Foil
Pussy Riot, a feminist punk collective from Moscow, creates protest through its dissident songs and unsanctioned performances, including a brief unauthorized concert in late January on Red Square.
3.
Why Putin Will Never, Ever Give Up Power
If Putin gave up power at any age, he and dozens of his friends and colleagues who have become millionaires and billionaires over the past 10 years through their Kremlin-connected businesses could face serious corruption charges. This is why the best, and perhaps only, way for Putin to preserve immunity is to stay in power until death.
4.
Why Putin Is Mad at Me
Prime Minister Vladimir Putin got very angry last Wednesday when he met with the editors-in-chief of Russia's top media outlets.
5.
Russia Seeks Proof U.S. Zapped Failed Probe
A Russian state commission investigating the crash of the Fobos-Grunt Mars probe will conduct tests to see whether U.S. radar played a role in the spacecraft's failure.
6.
Putin Stand-In Faces Zhirinovsky Fire
In Tuesday's second presidential debate of the campaign season, firebrand Vladimir Zhirinovsky harangued Prime Minister Vladimir Putin's levelheaded proxy over her patron's refusal to debate and alleged desire to rule for life.
7.
Recruiters Say Mother Russia Seeking Talent
Demographics make it a candidate’s market, but foreigners have to offer something unique to find their place.
8.
From Protest to Nausea
The history of successive authoritarian regimes in Russia reveals a recurring pattern: They do not die from external blows or domestic insurgencies.
9.
Pro-Putin Song Is Web Hit
A schmaltzy music video hailing Prime Minister Vladimir Putin as Russia's savior became a hit on the Russian Internet on Tuesday, with many bloggers and YouTube users poking fun at the song's hyperbolic lyrics.
10.
Why Putin Is So Scared of Debates
Putin has always been the ultimate "Teflon president" — but certainly not in the Ronald Reagan sense of the word. Putin's brand of Teflon is clearly made in Russia. Because he wants to avoid uncomfortable questions about his decade-long rule, Putin is once again refusing to participate in presidential debates.
