18:13
GAZPROM (MSE, TRADE SESSION RESULTS), CLOSING - RUR13.001
The low on deals amounted to RUR12.85, the high was RUR13.25 during today's trade session on the Moscow Stock Exchange. More details...

17:03
AVTOVAZ HEAD SAYS CAR GIANT UNABLE TO DEVELOP NEW PROJECTS DUE TO STATE SHARES KEPT AS PLEDGE
AvtoVAZ, the Russian car producing giant, will be unable to develop new projects until it recovers a block of shares kept by the state as pledge, chairman of the AvtoVAZ board Vladimir Kadannikov announced in Moscow today. More details...

16:50
MYTRIX IS RESPONDING…
At the end of the last week PRAVDA.Ru informed about the scandal, which happened between the Russian internet-statistics system SpyLog (which works on the western market under the trademark Mytrix) and the joint Russian-American project FARK. More details...

15:51
SLAVNEFT AND IRAQI OIL MINISTRY SIGN OIL CONTRACT
The Russian-Belarus oil company Slavneft and the Iraqi Oil Ministry have signed a contract for the development of the Lukheis oil field in the south of Iraq, the press service of the oil company reported. More details...

14:08
REGIONAL EXPANSION OF VIMPELCOM ESTIMATED TO COST $337 MILLION
Nikolai Pryanishnikov, the first vice-president of VimpelCom, which operates mobile-telephone services under its BeeLine brand name, commented on the company's expansion plans in an interview. More details...

12:16
FIRST DEPUTY CHAIRMAN OF GAZPROM EXECUTIVE BOARD ANNOUNCES RESIGNATION
The managerial crisis in Gazprom, which had been obvious only to the few, turned into an open scandal at the end of last week, on the 149th day in office of (new CEO) Alexei Miller. More details...

22:04
PETR SEDOV: AMERICANPHOBIA OF MYTRIX IN RUSSIAN INTERNET
Russian Internet statistics system Mytrix stands against cooperation between Russian and American internet projects
As it became known to PRAVDA.Ru, a large scandal stirred up today on the Russian sector of the world-wide web. More details...

18:25
GAZPROM (MSE, TRADE SESSION RESULTS), CLOSING - RUR13.132
The low on deals amounted to RUR13.112, the high was RUR13.20 during today's trade session on the Moscow Stock Exchange. More details...

18:09
YUKOS INTENDS TO SUPPLY 10M TONS OF OIL TO CHINA IN 5 YEARS
The YUKOS Oil Company intends to supply at least 10 million tons of oil to China through a pipeline that the company is laying now in five years, Nikolai Bychkov, president of the YUKOS-RM company, said at a news conference today. More details...

17:05
SIBNEFT PLAYERS FORM $3 BLN HOLDING
A group of Sibneft shareholders announced that they have consolidated their oil, metals, aviation and other assets in a financial-industrial powerhouse called Millhouse Capital. More details...

14:52
TYUMEN OIL COMPANY REPORTS TOTAL VOLUME OF ITS LOANS
The total volume of loans of Tyumen Oil Company (TNK) amounted to $2.5bn as of September 2001, the company's first vice-president Iosif Bakaleinik announced at a meeting with journalists. More details...

14:10
PARKER DRILLING AND TNK TO CREATE JOINT DRILLING VENTURE
The US company Parker Drilling and Russia's Tyumen Oil Company (TNK) have signed an agreement on establishing a joint venture for rendering drilling services in Russia. More details...

12:39
YUKOS POSTS NET PROFIT OF 1.5BN IN FIRST SIX MONTHS OF 2001
The YUKOS Oil Company published consolidated financial results recorded in accordance with the US GAAP standards for the second quarter and the first six months of 2001, the company's Press Service reports. More details...

12:24
YUKOS DOUBLES CAPITAL INVESTMENTS IN FIRST HALF OF 2001
The volume of capital investments of the Yukos oil company amounted to 12.9bn rubles (about $442m) in the first half of 2001, which is almost twice as much as during the corresponding period last year. More details...

11:48
YUKOS REPORTS RISE IN OIL PRODUCTION IN FIRST HALF OF 2001
The Russian oil company Yukos reported a 17.2 per cent increase in oil production in the first half of 2001. It reached 27.7 million tons, or 202.4 million barrels, the company's press service reported. More details...

11:06
GAZPROM OPENS MAJOR GAS FIELD IN ARCTIC
Gazprom has officially opened a giant Arctic gas field, underscoring the monopoly's readiness to supply gas to Europe, as well as its reticence to expand past its traditional production base More details...

18:24
GAZPROM (MSE, TRADE SESSION RESULTS), CLOSING - RUR13.15
The low on deals amounted to RUR13.02, the high was RUR14.455 during today's trade session on the Moscow Stock Exchange. More details...

17:44
TATNEFT SETS PRODUCTION PLANS FOR 2002
Tatneft intends to produce 24.064m tons of oil and 704m cubic meters of gas, establish 404 new producing and 328 injection wells in 2002. More details...

16:51
ROSOBORONEXPORT AND MOSCOW GOVERNMENT SIGN GENERAL AGREEMENT ON COOPERATION
Andrei Belyaninov, general director of the Rosoboronexport State Company, and Moscow Mayor Yury Luzhkov signed a general agreement on cooperation between the company and the Moscow government today. More details...

14:23
GOVERNMENT APPROVES REORGANIZATION OF VNESHEKONOMBANK
The Russian government approved the concept of reorganization of Vneshekonombank that was proposed by the Central Bank. More details...

13:18
RUSSIAN SHARES RISE AT OPENING
Today's trading on the Russian stock market opened with an insignificant rise prices for blue chips. In particular, shares of the national energy system RAO UES cost 9.925 rubles at the opening on the MICEX exchange. More details...

12:31
GAZPROM BOARD OF DIRECTORS TO DISCUSS ISSUE OF EUROBONDS
The Board of Directors of Gazprom will discuss a number of questions at its meeting this afternoon. More details...

12:22
ARBITRATION COURT RULES IN CASE CONCERNING AVTOVAZ'S AFFILIATES
The arbitration court of the Samara region ruled in favor of two affiliated companies of the AvtoVAZ car manufacturing giant, i.e. OAO AvtoVAZtrans and the Tolyatti technological equipment factory, and interrupted the procedure in recovering debts on bills of the above mentioned companies to Rusatomkonsalt. More details...

12:11
SIBERIA AIRLINES REPORTS RISE IN PASSENGER AND CARGO TRAFFIC IN 2001
The volume of passenger traffic of the Russian Siberia airlines, including flights of the Vnukovo Airlines, increased more than twice in the first nine months of this year as compared to the corresponding period last year, the company's press service reported. More details...

10:57
GOVERNMENT TO CONSIDER DEVELOPMENT STRATEGY FOR VNESHEKONOMBANK
The Russian government will consider the development of Vneshekonombank, the financial agent of the Finance Ministry, at a meeting today. More details...

10:21
JORDAN APPOINTED DIRECTOR GENERAL OF GAZPROM-MEDIA
A general meeting of Gazprom-Media, an arm of Russia's gas giant Gazprom, elected a new board of directors today, Gazprom's press service reported. More details...

18:27
GAZPROM (MSE, TRADE SESSION RESULTS), CLOSING - RUR13.20
The low on deals amounted to RUR13.02, the high was RUR14.498 during today's trade session on the Moscow Stock Exchange. More details...

18:21
VNESHEKONOMBANK DISCUSSES UNPAID LOAN GRANTED TO ORT TV WITH GOVERNMENT
Vneshekonombank (VEB) is currently holding consultations with the Russian government on resolving the problem of the unpaid $100 million loan granted to the ORT television by this bank. More details...

17:32
NAFTA-MOSKVA, MILLHOUSE CAPITAL, SIBAL REACH AGREEMENT TO BUY AVTOBANK AND INGOSSTRAKH
The Nafta-Moskva Oil Company, Millhouse Capital, and the Sibal Investment and Industrial Group have announced the signing of an equal partnership agreement on acquisition of Avtobank, the Ingosstrakh insurance company as well as the Nosta company and other industrial assets of this group. More details...

16:01
TATNEFT MAKES COUPON PAYMENTS ON ITS EUROBONDS
The Russian oil company Tatneft made another coupon payment on its five-year eurobonds worth $13.5 million, the company's press service reported. More details...