Archive for the ‘central asia’ Category

NOWRUZ 2015   Leave a comment

noruz_2015_final

Happy Nowruz 2015!

Russia Increases Oil Production   1 comment

Russia, the world’s largest oil producer, has increased monthly crude output by 0.3 percent in May of 2013, to the highest level of the year,according to preliminary data from the Energy Ministry’s CDU-TEK unit.

Output of crude and condensate was 44.3 million metric tons, or 10.481 million barrels a day.

OAO Gazprom (GAZP), Russia’s gas export monopoly, boosted output by 5.8 percent to 353,000 barrels a day. OAO Rosneft (ROSN), the world’s largest publicly traded oil producer, and its subsidiary OAO TNK-BP produced 3.85 million barrels last month, up 0.3 percent from April, according to the data.

Russia set a post-Soviet-era production record of 10.49 million barrels a day in November. Soviet-era production in Russia peaked in 1987 at 11.48 million barrels a day. President Vladimir Putin has called for production to be maintained at more than 10 million barrels.

For more information on the Russian oil industry, contact RADA LLC, a leading provider of due diligence services in Russia, the Caucasus, and Central Asia.

2013: The Year of the Snake   Leave a comment

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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.

Happy Noruz 2011   1 comment

 

 

Har Roozetan Nowrouz!

Nowrouzetan Pirooz!

Novruz Bayraminiz Mubarek!

Happy Noruz from RADA LLC!

Happy New Year – С Новым Годом!   Leave a comment

Happy New Year!

С Новым Годом!

Closure of Sole U.S. Military Base in Central Asia   Leave a comment

kyrgyz_flagPresident Kurmanbek Bakiyev of Kyrgyzstan has ordered the closure of U.S. military’s only base in Central Asia, further squeezing access for troops and supplies heading into Afghanistan.

Manas Air Base in Kyrgyzstan serves as a U.S. supply route for troops and supplies into Afghanistan.

Two other central Asian nations — Tajikistan and Uzbekistan – have indicated that they will allow transit of U.S. cargo to Afghanistan.

Increasing militant attacks on land routes through Pakistan and no likelihood of access through Afghanistan’s major western border with Iran, are putting the the United States under pressure to establish new supply chains from the north.

Manas’ closure could deal a significant blow to U.S. military efforts in Afghanistan just as President Barack Obama plans to step up U.S. troop levels to halt a resurgence of the country’s former Taliban rulers.

The utility of the arrangements with Tajikistan and Uzbekistan would still depend on how much access the United States would have for flights and cargo. It is unlikely they will fully replace capacity lost in Kyrgyzstan.

Chu: Increased Demand for Oil   Leave a comment

U.S. Energy Secretary Steven Chu, a champion of renewable energy and biofuels, has a clear position about the future of oil. neft_01

He says global demand for it will increase over the next two decades and even with more efficiency and alternative fuels, prices will increase again.

In the long run, over the next two decades, he said, he’s certain the price of crude will be significantly higher than today. Crude oil has dropped from a high last summer of $145 a barrel to a recent low of about $34.