Russia captures key resource markets

Russian companies actively make deals and purchases to entrench themselves in key mining and oil markets. As the Oilprice.com wrote, it may a be a serious challenge for the US, Canada, Great Britain and Australia. The Russian mining companies have launched a significant number of new projects for the latest week. Everything started from purchase of the Indian Essar Oil company consortium, worth 7.5bln dollars. Another important deal on the Indian market is agreement with the Gazprom on supplies of the liquefied natural gas of 2.5m tons. Everything happened at a time when the President of Russia Vladimir Putin visited India, during which the Head of State signed agreements on cooperation in the oil sphere and joint research on a gas pipeline installation in the country. A deal in golden sphere was also reached. The Indian company SUN Gold along with the Russian fund will develop the Klyuchevsk field in the Eastern Siberia, the company plans to invest 500m dollars. Players from China and investors from the Republic of South Africa and Brazil are also involved. The authors believe that it evidences Russia's aggressive moving forward in energy and mining sphere in order to secure itself key global markets. As it is noted, it's an evident challenge to other mining countries.

Pravda.Ru