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Dad who drowned sons gets death penalty
MOSCOW, March 23 (UPI) -- Russia is working to develop new oil and natural gas reservoirs and new infrastructure, including a pipeline to the Pacific Ocean.
Work on the Pacific pipeline between Russia and China is set to begin in April, Itar-Tass reports.
Russia will "develop new deposits which will be aimed at winning a foothold on other sales markets … to remove a redundant volume from traditional markets, which do not permit now our companies to work efficiently," Deputy Prime Minister Igor Sechin said.
Other plans for infrastructure include the Nord Stream and South Stream pipelines.
"The interruption with deliveries to Europe last January showed the need for diversification," Sechin said.
The plans suggest Russia's economy will continue to rely on oil and gas for the next 15 to 20 years.
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Norwegian oil and gas company DNO International said tests from a field in the Kurdish region of Iraq yielded an average flow rate of more than 100,000 bpd.
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With South Korea edging closer to deciding on a contractor for its $7.3 billion KF-X fighter program a European competitor is dangling a new carrot to its bid.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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