business in the East

page 5

"Russia-Turkey relations are unique"

"Russia-Turkey relations are unique"

The Russian-Turkish cooperation plays a crucial role both in the economy and policy of the Eurasian macro-region, chairman of the Russian-Turkish Business Council Akhmet Palankoev and the expert on Russian-Turkish relations from …

Russia to start importing gas from Turkmenistan?

Russia to start importing gas from Turkmenistan?

The head of Russia's giant gas company Alexei Miller said it plans to resume imports from Turkmenistan after a three-year break over a pricing dispute. In an interview with Turkmenistan's state television …

Kazakhstan to receive $1.1 billion to settle Karachaganak row

Kazakhstan to receive $1.1 billion to settle Karachaganak row

Energy majors developing the Karachaganak gas condensate field will pay $1.1 billion to Kazakhstan to settle a profit-sharing dispute, Kazakhstan's Energy Ministry said. Kazakhstan and the consortium led by Shell and Eni will also …

Erdogan to meet with heads of 30 U.S. companies

Erdogan to meet with heads of 30 U.S. companies

Turkish President Recep Tayyip Erdogan will meet with heads of 30 U.S. companies. The meeting will be held today in Turkey’s Presidential Palace, the Turkish media reported. The participants of the …

Turkey’s Roketsan sets record with rocket artillery

Turkey’s Roketsan sets record with rocket artillery

Turkey’s leading defense contractor has set a record with the world’s largest rocket artillery, the company announced yesterday, Hurriyet Daily News reported. Jobaria, a multiple cradle rocket launcher …

Syria wants to open trading house in Crimea

Syria wants to open trading house in Crimea

Damascus has expressed its desire to open a trading house in Crimea, Russian Presidential Envoy to Crimea Georgy Muradov said. According to the official, Crimean lawmakers intended to discuss bilateral trade with …

China to continue business in Iran despite U.S. threat

China to continue business in Iran despite U.S. threat

China said it will ignore the United States and continue to conduct business with Iran. "China's commercial cooperation with Iran is open and transparent, reasonable and fair, not violating any United Nations Security Council …

Abramovich wants to obtain Israeli citizenship — media

Abramovich wants to obtain Israeli citizenship — media

Russian businessman Roman Abramovich will arrive in Israel today where he may apply for Israeli citizenship, the Israeli newspaper Israel Hayom has said. The daily speculates Abramovich decided to make such a move after …

Azerbaijan and Iran to unite efforts in Caspian

Azerbaijan and Iran to unite efforts in Caspian

The creation of the Iran-Azerbaijan joint oil company will be beneficial for both parties and will allow to resolve the issue with the disputed  Araz-Alov-Sharg oil field, however, the project implementation is a distant possibility so far, …

Bahrain discovers largest oil discovery since 1932

Bahrain discovers largest oil discovery since 1932

Bahrain said that it had discovered the country's largest oilfield in decades, located off the west coast of the kingdom, the BNA news agency reported.  According to the agency, the new tight oil and deep gas resource is …

 Turkey's Dogan in talks to sell media arm

Turkey's Dogan in talks to sell media arm

Turkey’s Dogan Holding confirmed it had started talks with Demiroren Holding on the sale of its $890 million media arm, a deal seen as further cementing media support for the country's  President Recep Tayyip …

Saudi Aramco eyes local IPO, may spike overseas listing

Saudi Aramco eyes local IPO, may spike overseas listing

Saudi Arabia is scaling back its ambitions for a public offering for oil giant Aramco, moving ahead with a listing next year solely on the Saudi stock exchange, government officials and others close to the process say. They are …

Chinese investors fail to purchase stake in Rosneft

Chinese investors fail to purchase stake in Rosneft

The deal on purchasing a 14.2% stake in Rosneft from the Glencore-QIA Consortium by China’s CEFC has been frozen due to financial issues, Kommersant wrote.  Pouring $9.1 bln into obtaining the stake in the Russian oil and gas …

Saudi Aramco IPO delayed until 2019?

Saudi Aramco IPO delayed until 2019?

Saudi Aramco’s listing is unlikely to go ahead this year, according to British officials who have been warned by their Saudi counterparts that the world’s biggest flotation was expected to be delayed, Financial Times …