Russia Offers to Increase Oil Exports to Asia
Russia, the world’s second largest oil producer, on Friday offered to increase crude oil exports to Asia to ensure energy security and reduce risks for the region, Asia Pulse reported.
Speaking at the Asian Oil Ministers Round Table, Russian Industry and Energy Minister Viktor Khristenko said Russia is prepared to assist in the task of ensuring energy security and hence reduce risks by increasing exports, diversify the commodity structure and increase the volume of processed commodities.
Russia will also take steps to stimulate foreign investment in to the country and develop new forms of international cooperation and create mechanisms to coordinate the state policy of regulating foreign trade in the energy sphere, he said.
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Russia to increase oil exports to Asia
Russia, world's second largest oil producer, today offered to increase crude oil exports to Asia for ensuring energy security and reduce risks for the region.
Speaking at the Asian Oil Ministers Round Table, Russian Industry and Energy Minister Viktor B Khristenko said Russia is prepared to assist in the taks of ensuring energy security and hence reduce risks (by) increasing exports, diversify the commodity structure and increase the volume of higher- processed commodities.
We will also take steps to stimulate foreign investment in to the country and develop new forms of international cooperation and create mechanisms
Russia Gas Exports to Asia-Pacific to Rise
About one-quarter of Russia's gas exports will go to the Asia-Pacific region as of 2020, compared with about 5 percent today, and the proportion of Russian oil exports to the region will increase tenfold from 3 percent to 30 percent, Russia's industry and energy minister said Monday.
Russian gas supplies to China may reach 68 billion cubic meters by that year, being pumped through two pipelines beginning in 2011, Minister Viktor Khristenko said.
"The 'eastern trend' in the framework of energy strategy and policy is an adequate response to the global challenges and risks facing
Israeli Pessah wine in demand in Asia, weak elsewhere
Kosher for Pessah wine exports to Asia are on the rise, but exports to North America and Europe have suffered in the pre-Pessah period amid increased competition from local wine providers, the Manufacturers Association of Israel reported ahead of the holiday.
The general outlook for Israeli wine exports, however, remained optimistic.
Overall kosher for Pessah wine exports fell 9 percent to $7 million between December 2005 and March 2006 from the previous year, but wine exports to Asia increased by 36% to $140,000 in the first quarter of 2006, the organization said.
DJ ASIA FUEL OIL: Prices Lower; MRPL Offers May-Oct HSFO
Asia fuel oil prices were lower Wednesday, in tandem with overnight losses in crude futures.
BP returned to the cash market, and bought 20,000 metric tons of 180 cst fuel oil for April 20-24 loading from Vitol at a premium of $3.00/ton over the Singapore mean.
Shell submitted a bid for 20,000 tons of 180 cst fuel oil for April 25-29 or May 1-5 loading at a premium of $3/ton over the Singapore mean, but the bid went untested.
Although BP, Shell were still trying to support prices, what they can do is limit
Asia's largest Trade Fair concludes, Gujarat, Russia win 'Best Pavilion' awards
The fortnight-long 25th India Fair (IITF), the largest trade fair in Asia, came to an end with a colourful ceremony here on Sunday.
Hundreds and thousands of people thronged on the closing day which witnessed participants from across thend states within the country, concluded with awards being given away to the pavilions in different categories.
In domestic pavilions category, Gujarat bagged the goldand Kerala and Chhattisgarh were awarded silver medals.
While in foreign pavilion category, Russia was awarded gold medal and Thailand won silver medal.
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