Rosneft plans to boost investments to 415 billion rubles ($13.6 billion) in 2011, Interfax reported, citing an unidentified person close to the company’s board. (Bloomberg)
Russia, the world’s largest oil producer, set a post-Soviet record for yearly crude output in 2010, rising 2.2 percent to 10.15 million barrels a day, even as the country’s production in December slipped from the previous month. (Bloomberg)
Russian emigre Alexei Koval has pleaded guilty to securities fraud charges for conspiring with a former executive director at UBS Securities to earn more than $870,000 through inside trades, and agreed to serve up to 3 years in prison. (Bloomberg)
Russia and Hungary remain far apart over the future of Surgutneftegaz’s 21.2 percent stake in Hungarian refiner Mol Nyrt, the online news portal Index reported, citing Development Minister Tamas Fellegi, with the next round of negotiations between the two parties taking place later this month. (Bloomberg)
Diamond monopoly Alrosa plans to cut debt to “less than $3 billion” in 2011 as it boosts sales, the company said at the end of December on its web site, with sales of rough diamonds probably rising to $3.53 billion. (Bloomberg)
The country may sell as much as $64 billion of domestic and foreign debt in 2011, including 1.74 trillion rubles ($57 billion) of domestic notes and $7 billion of foreign-currency bonds, the government said late December on its web site. (Bloomberg)
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