1.
Crude oil prices slide hard Thursday
Thursday, November 12
MOSCOW, Feb. 11 (UPI) -- Russian Finance Minister Alexei Kudrin said Monday that Russia would cancel 93 percent of Iraq's debt following a major trade agreement.
The agreement wipes out $12 billion out of $12.9 billion that Iraq owed Russia and comes on the heels of an agreement, signed earlier in the day, spelling out cooperation in trade, science and technology, the RIA Novosti reported.
After signing the agreement, Russia's Foreign Minister Sergei Lavrov said Russia would be heavily involved reconstruction of Iraq.
"We are counting on long-term joint projects in the oil and natural gas and energy sectors," he said.
Kudrin said Russia was also considering as much as a $4 billion investment in Iraq.
| Additional News Stories | |
NEW YORK, Nov. 12 (UPI) --
U.S. recording artist Chris Brown taped an episode of "106 & Park" in front of a live audience this week, BET said.
|
|
NEW YORK, Nov. 12 (UPI) --
Crude oil prices fell Thursday on the New York Mercantile Exchange to under $77 per barrel, despite the dollar's trend towards weakness.
|
|