RADA conducts due diligence and business intelligence investigations in Russia, Ukraine, Belarus, Poland, Romania, Moldova, Latvia, Lithuania, Estonia, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.

January 21, 2012: The Russian Energy Ministry expects crude oil production to edge up by 1 percent this year to a new record as a decline in output at traditional fields will be offset by a rise in new deposits, a deputy minister said today.

Last year, oil output in Russia, the world’s top crude producer, edged up 1.2 percent to reach a new post-Soviet high of 10.27 million barrels per day (bpd), or 511 million tonnes.

“Taking into consideration companies plans, this would be around 1 percent. We will add some 5 million tonnes,” said Sergey Kudryashov. The growth would slow further from 2.2 percent in 2010.

 

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RADA conducts due diligence and business intelligence investigations in Russia, Ukraine, Belarus, Poland, Romania, Moldova, Latvia, Lithuania, Estonia, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.

RADA was approached to perform due diligence on a technology company based in Saint Petersburg, Russia.

A preliminary check of Russian corporate records showed that the company was, in fact, registered at the address given on their website.

A call to the phone number listed on the website, however, did not connect to the company in question, but rather to a credit company. The people at the credit company were very helpful, they advised that they had had the phone number for several years, and that they had never heard of the other company.

Various search engines showed that the number was, in fact, connected to the credit company; the only site with linking the number to the technology company was the technology company’s own site.

Several other companies seemed to be located at the address used by the technology company on their website. Several of them were contacted by telephone. None seemed to know about the technology company, and one provided contact information for the leasing agent. The leasing agent advised that they had been managing the property for several years, and that they had never heard of the technology company.

RADA’s client decided not to pursue business with the technology company, as it could not be located with any degree of reliability.

RADA conducts due diligence and business intelligence investigations in Russia, Ukraine, Belarus, Poland, Romania, Moldova, Latvia, Lithuania, Estonia, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.

Russian natural-gas giant OAO Gazprom’s net profit in 2011 will probably rise 25% to $40 billion, Chief Financial Officer Andrei Kruglov said in an interview with Gazprom’s corporate magazine.

Earnings before interest, taxes, depreciation and amortization are expected to rise more than 30% to $60 billion, Kruglov said in the interview.

“The favorable external environment and a strict control of operations will bring the company increased profitability,” Kruglov said.

Gazprom expects higher prices for its gas sales in Europe, as well as higher export volumes, he said.

“Despite the increased tax burden on the gas industry, the company’s finances will continue to improve,” Kruglov said.

Russia’s new stealth fighter jet, the Sukhoi T-50 made its public debut at the MAKS 2011 air show in Zhukovsky, outside Moscow.

General Aleksander Zelin, head of the Russian air force, said he expects the T-50 prototype to be ready in 2013, with “mass-produced aircraft” arriving in 2014 or 2015.

The aircraft is expected to become a staple of airborne defense for both Russia and India, who collaborated on its design, explained Mikhail Pogosyan, head of Russia’s United Aircraft Corporation.

“The T-50 will be the newest main plane both for the Russian and the Indian air force,” Pogosyan said.

The Sukhoi T-50 cost the two governments about $6 billion to develop, with India shouldering about 35% of the cost. It is intended to match the U.S. F-22 raptor.

Taken at the 2010 Moscow Auto Show

RADA LLC is well established in Baku, and offers a complete range of investigative, due diligence, and background check services throughout Azerbaijan.

2011: Happy New Year! С Новым Годом!

Prime Minister Vladimir Putin opened the Russian section of an oil pipeline that will boost oil exports to China from East Siberia.

“This is an important project because we are beginning to diversify the delivery of our energy resources,” Putin said at today’s opening of the pipeline in Skovorodino in Russia’s Far Eastern Amur region, in comments posted on his official website. “Thus far, shipments were made to our European partners.”

Putin said Russia is currently pumping 120 million to 130 million tons of oil to Europe and only “a small amount to Asia Pacific,” according to comments on his site.

“The China-Pacific pipeline is the most important energy project in Russia since the opening of the gas pipeline to Europe,” said Chris Weafer, chief strategist at UralSib Financial Corp., in e-mailed comments today. “It means that Russia’s strategic importance to China has increased considerably.”

Construction of the 64-kilometer (40-mile) pipeline on the Russian side was launched by OAO Transneft, the oil pipeline monopoly, in April 2009, according to Vesti-24 television. From the border, the pipeline will run a further 960 kilometers to the Chinese town of Daqing, located in the country’s northeast. China will begin testing after completion of its section of the pipeline in late September, Vesti added.

Igor Sechin, Putin’s deputy for energy, said Russia would also open 500 gas stations across China, Vesti added.

RADA moved from one side of Falls Church to the other. The new address is:

RADA LLC

1069 West Broad Street

Falls Church VA 22046

phone, fax, email, and website remain the same.