Russia has been hard hit by the current economic crisis & especially by the decline in oil prices this year. According to Economics Ministry data, Russia’s GDP declined by 9.3% in July 2009 year-on-year and 10.2% in the first seven months of the year. Energy products, including crude oil & natural gas, accounted for 65.5% of exports in the [...]
Posts Tagged ‘gazprom’
17 Feb
Militants in Niger Delta … bad for Nigeria, could be good for Angola & Ghana
Like many developing nations with vast natural resources, Nigeria has seen a massive influx in Foreign Direct Investment (FDI), particularly in the energy sector. However, civil unrest, particularly in the Niger Delta, may be a catalyst for potential investors to look to other West African Nations as investment opportunities. Added to this [...]
1 Jan
Gazprom turns off taps on Ukraine’s gas supply (again)
In what is becoming an all too familiar show of “transparent” hubris, Russian gas giant Gazprom (one of MSV’s favourite corporate bullies) has once again wished Ukraine a Happy New Year by turning off gas supplies to the former Russian sattelite, as reported this morning by BBC News, prompting fears that European supplies will also [...]
12 Dec
Serbian standoff
As previously discussed in Russian Energy Bears, state owned Gazprom is on the prowl for new acquisition targets near to home, the latest potential suitor is Serbian state energy company NIS (Naftna Industrija Srbije). As reported in early December by news agency Novosti, Gazprom is looking to acquire 51% of the Russian sattelites energy reserves & control [...]
