Russia 100222 Basic Political Developments

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Activity in the Oil and Gas sector (including regulatory)

  • Itar-Tass: Energy minister calls for creation of national hydrocarbon monitoring system

  • Bloomberg: Russia May Detail East Siberia Oil Tax Break, Shmatko Says

  • UpstreamOnline: Lukoil misses full reserve replacement

  • New Europe: BP, Rosneft give up on East Schmidt in Sakhalin-5

  • OilVoice: Russia's Sistema Drills Way Into Oil industry

  • UpstreamOnline: Alliance rides oil price recovery - Russian-focused explorer Alliance Oil reported improved quarterly and full year results to the end of 2009 on the recovery in international oil prices.


  • Bloomberg: Gazprom Should Be ‘Innovative’ in Gas Contracts, Shmatko Says

  • UpstreamOnline: Russia to adopt new price strategy - Russia's Gazprom, which supplies Europe with a quarter of its gas needs, has agreed to add spot gas prices to its long-term contracts with customers, according tosources.

  • Georgian Daily: Gazprom, Romania, and South Stream Routes in the Black Sea

  • Russia Today: Nord Stream commencement has South Stream players looking to move quickly


Full Text Articles

Basic Political Developments Russian FM: Russia supports plans of Kazakhstan's chairmanship in OSCE
22.02.2010 12:23

Kazakhstan, Astana, Feb. 22 / Trend News K. Konyrova /

The Russian Federation supports the plans of Kazakhstan's chairmanship in the OSCE, Russian Foreign Minister Sergei Lavrov said in Astana today.

"Russia supports the plan, which Kazakhstan has worked out during its chairmanship in the OSCE," minister said at a briefing after the talks with his Kazakh counterpart Kanat Saudabayev.

According to Lavrov, during the talks the sides discussed all aspects of the forthcoming OSCE activities this year.

"We have a common vision of how we should act for the year to complete successfully towards reforming the structure and turn it into a full-fledged international organization", Lavrov said. Russian Foreign Minister to meet Nazarbayev
12:10 22.02.2010
text: "Kazakhstan Today"

Astana. February 22. Kazakhstan Today - The meeting of the President of Kazakhstan, Nursultan Nazarbayev, with the Minister for Foreign Affairs of the Russian Federation, Sergey Lavrov, is expected to take place today in Astana. S. Lavrov will meet the Secretary of State - the Minister for Foreign Affairs of Kazakhstan, the OSCE chairman, Kanat Saudabaev, the press service of the Ministry of Foreign Affairs of Kazakhstan informed the agency.

According to the press service, the officials will discuss a wide range of questions.

According to ITAR-TASS, the officials will discuss cooperation of two countries on the international scene, including in the integration associations of the CIS and in the universal and regional organizations.

"The officials will discuss in details the course of the presidency of Kazakhstan in OSCE and the presidency of Russia in the CIS in 2010 and will plan some joint events," the official representative of the Ministry of Foreign Affairs of the Russian Federation, Andrey Nesterenko, explained.

"The officials will discuss the security questions, first of all, taking into account the influence of the Afghanistan factor on the situation in the Central Asian region, settlement of the legal status of Caspian Sea, and rational use of the transboundary rivers."

The Russian Foreign Minister will hold an exchange of opinions on the urgent issues of bilateral cooperation, in particular, will discuss some preliminary results of realization of the participatory action plan of Russia and Kazakhstan for 2009 - 2010.

Focus: Traycho Traykov: Bulgaria will use Russian funding for Belene temporarily

22 February 2010 | 04:00 | FOCUS News Agency

Sofia. Bulgaria will continue talks with Russia on lending some EUR 2 million to back the construction of NPP Belene until a strategic investor is attracted, Bulgarian Minister of Economy, Energy and Tourism Traycho Traykov told Dnevnik, as quoted by the online English edition of the daily. On Friday Traykov met with his Russian counterpart Sergey Shmatko and Rosatom Director General Sergey Kirienko. Traykov said a new project company involving the National Electricity Company (NEK) or the Bulgarian Energy Holding will be set up and financed by the Russian side to ensure the project moves forward. The loan will be secured by existing and future construction with no state guarantees required, he noted. In an interview with the 24 Chasa, Traykov explained that it was so far impossible to determine what stake the Russian side would have based on the EUR 2 billion investment, but assured that Bulgaria will hold the majority share in the project. He commented on Mr Shmatko’s statement implying that RWE might return as the strategic investor in the project, saying that when the German company had withdrawn the conditions were different. Traykov added that during the official visit of the Bulgarian delegation to Germany, German Chancellor Angela Merkel had promised to encourage German companies to participate in energy projects in Bulgaria. He said that Bulgaria relies upon Russia’s support during negotiations with potential investors.

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