Word: siberian
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...play with the plane's controls during a Moscow-to-Hong Kong flight. "Can I turn [the wheel]?" the black box recorded the boy saying. "Turn it." The pilot replied. "Watch the ground as you turn. Let's go left." Moments later, the plane crashed into the Siberian wilderness, and all 75 people onboard died. (Read "How to Survive a Plane Crash...
...Others are taking note. Last week, Gavrilova's cousin called from the Siberian city of Irkutsk to ask if Pikalyovo was "leading a civil war" and to say that the situation was similar in her city, where workers were holding a hunger strike over unpaid wages at the local pulp mill, also owned by Basic Element. This time it took no prodding from Putin for Deripaska to announce plans to pay out some $2.8 million in back wages to about 2,000 workers. (See pictures of Russia celebrating Victory...
...deal, Beijing agreed to lend $15 billion to cash-strapped Rosneft, Russia's largest oil company, and an additional $10 billion to Transneft, Russia's biggest pipeline company. The loans will be paid off not in cash but in crude--300,000 bbl. a day from the huge east Siberian oil fields. That's about 4% of China's current demand for crude oil. Over the 20-year life of the deal, Beijing will effectively be paying about $20 per bbl. With oil expected to return to $70 or $80 per bbl., it could be the steal...
...agreement of all: Beijing agreed to lend $15 billion to cash-strapped Rosneft, Russia's oil major, and another $10 billion to Transneft, Russia's biggest pipeline company. The loans will be paid off not in cash, but in crude - 300,000 barrels a day from the huge east Siberian oil field. That's about 4% of China's current total demand for crude, secured on very favorable terms. Over the 20-year life of the deal, Beijing will effectively be paying about $20 per barrel. Crude prices, which last summer peaked at more than $140 per barrel...
...more than two-thirds. China offered large cash amounts in a tight credit market, but rather than require that the loans be serviced and repaid in cash, Brazil and Russia will repay the loans in crude oil supplies to China over the next two decades. Russia will ship eastern Siberian oil, while in Brazil, China hopes to get a share of major offshore fields which have recently been discovered. So, no matter what happens to the global economy, China is assured steady oil supplies over the next 20 years from two major oil-producing countries, in regions which...