Extra $177m to be allocated to Vostochny Cosmodrome construction
Extra funds in the amount of 10 billion rubles ($177 million) are planned to be allocated this year to finance construction of Vostochny Cosmodrome, according to the explanatory note to the budget amendments for year 2017 and the planned period of 2018-2019.
Hilton plans to double its hotel network in Russia
Hotel operator Hilton Worldwide will open about 30 new hotels in Russia in the next 2-3 years, director for development at Hilton in Russia and the CIS Alexey Shatalov told Rambler News.
Investment in construction of Xekong 5 HPP in Laos estimated at $700m
A total investment in a project for construction of Xekong 5 hydro power plant in Laos, implemented with the participation of Russia, could reach $700 million, Deputy Chairman of the Russian-Lao Intergovernmental Commission, the head of the Communications Ministry, Nikolay Nikiforov, told reporters on Friday.
Australian WorleyParsons to perform pre-FEED for Russian LNG plant
WorleyParsons – Sakhneftegas Engineering, a subsidiary of the Australian WorleyParsons, will perform front end engineering design (pre-FEED) on the establishment of LNG production for the Russian oil company Rosneft on the Island of Sakhalin, as it follows from procurement documentation of the Russian company.
Helicopters of Russia and IHSRC set up production in Iran
The Helicopters of Russia Holding and the Iran Helicopter Support & Renewal Company (IHSRC), the state Iranian company, have signed a memorandum of understanding providing for the cooperation between the parties within a project for the assembly of light helicopters in Iran.
Moscow renovation project has nothing to do with Kremlin, Peskov says
The program of renovation is not a project of the Russian Presidential Administration and is not an initiative of the head of state, that is why, a statement that “Kremlin has distanced itself from the project” is incorrect, press secretary of the President, Dmitry Peskov, said.
Venezuela and Syria plan to sell oil bypassing sanctions
Syria and Venezuela developed a plan to bypass anti-Syrian sanctions by means of secret deals in the transportation of Syrian oil to the Caribbean through the bogus Russian company, Bloomberg reports, citing documents, letters and interviews.
Saudi Aramco spends $18bn on expansion in North and South America
Saudi Aramco, the state oil company of Saudi Arabia, is planning in the next five years to spend $18 billion on the expansion of its activities in North and South America, focusing on the development of a refinery Motiva Enterprises in the United States, according to Motiva.
Investor plans to open hotel in historic mansion in Moscow
Mikhail Kusnirovich, the owner of GUM, a luxurious state department store located near Red Square in Moscow, and Bosco Group, is searching for a historic building in Russia’s capital city to house a hotel, Rambler News reports on Friday.
Saudi Arabia, Russia negotiate 25 projects with total investment of $10bn
Russia and Saudi Arabia are considering over 25 joint projects with a total investments amounting to more than $10 billion, as it follows from a report by the Commerce and Industry Ministry of the Russian Federation released following a meeting of its head, Denis Manturov, with an advisor of General Secretariat at the Council of Ministers of Saudi Arabia, Ahmed al-Khatib.
First Russian Mercedes to be released in 2019
Governor of the Moscow region, Russia, Andrey Vorobyov, expressed hope that the first vehicle under the brand of Mercedes produced at a plant located in the regional Yesipovo industrial park would be released in 2019, 360 TV channel reports on Friday.