Archive for the ‘moscow’ Tag

Victory Day 2015-С Днем Победы!   Leave a comment

dp2015

Highlights of Interview with Gazprom CFO Kruglov   Leave a comment

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.

Answering the Raptor: The Sukhoi T-50   Leave a comment

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.

2010 Moscow Auto Show (3)   1 comment

Taken at the 2010 Moscow Auto Show

2010 Moscow Auto Show (2)   Leave a comment

Taken at the 2010 Moscow Auto Show

2010 Moscow Auto Show (1)   Leave a comment

Taken at the 2010 Moscow Auto Show

Former BP CEO Hayward Snubs Rosneft?   1 comment

British Petroleum (BP) is under increasing pressure over its disputed joint venture with Russia’s state-controlled oil firm Rosneft.

Recently, former BP CEO Tony Hayward missed a crucial board meeting, causing speculation that he may disagree with BP’s handling of the contentious deal.

In January, BP announced the signing of a joint Arctic exploration deal and $16 billion share swap with Rosneft, which the Kremlin billed as confirmation of the West’s continued business interests in Russia.

If successful, the tie-up would see BP gain a 10 percent stake in Rosneft and the Russian company receive a five percent stake in BP.