CentrKaspneftegas, the joint venture formed by Gazprom and Lukoil, has discovered a new oil-gas condensate field on the shelf of the Caspian Sea.

Two Russian tycoons, Vladimir Potanin and Alisher Usmanov, agreed to set up the largest international steel and mining company.

MiG Corporation is ready to supply MiG-35 aircrafts to Algeria instead of rejected MiG-29.

Gazprom and design bureau Lazurit have agreed to make a number of underwater drilling vessels to develop offshore oil fields.

The Moscow government will build a sanatorium for people with orthopedic problems and skin diseases at the Dead Sea, Israel.

It has become known that the tax holiday for investing in Russian gas and oil offshore fields has been created by the Russian government. The tax-free period is said to be 10-15 years.

Pirelli hopes to sign an agreement with one of possible Russian partners in order to finish construction of its Russian plant by the end of 2009.

Russia and China have signed an agreement on construction of the fourth stage of the uranium enrichment plant in the People’s Republic of China.

Gloria Jean’s Coffees operating in more than 30 countries at the moment announced it is going to open several coffee shops in Russia.

Currently Arcelor Mittal is picking up a site of 7 ha with an adjacent railway track.