


	Remember me on this computer
	Forgot your password?
	Register

MT news

The Moscow Times Moscow Guide – Winter 2008

Since the middle of autumn one of the most important topics of discussion, could only be … no, not the financial crisis… New Year! The winter issue of The Moscow Times Moscow Guide is entirely devoted to New Years celebrations. Seven great ideas for celebrating the “Night of Nights” will help readers finalise their plans and choose how and where to party, give fresh ideas and lots of practical advice.

And don’t forget – problems will come by themselves, but happiness and luck need an invitation. That why the more cheerful and light-hearted your celebration of the coming holiday is, the happier and more successful 2009 will be for you.

The Crisis: Signs of a Kremlin Fearful Of Unrest
Sociologist Yevgeny Gontmakher has painted a disturbing picture of what might emerge from the financial crisis, forecasting continued unemployment, huge protests and spreading violence.

Market Matters: Huge Grain Harvest No Boon for Farmers
This year Russia is enjoying the biggest grain harvest it has ever seen -- and farmers couldn't be more worried.



Tuesday, January 06, 2009 Updated at 31 December 2008 22:36 Moscow Time.

The Moscow Times » Issue 4002 » Business

Oil Output Ticks Up in September

03 October 2008The country's oil output continued rising modestly in September but remained down year on year, while exports recovered after a slump in the previous month, Energy Ministry data showed Thursday.

The data showed that September oil production stood at 9.83 million barrels per day, the highest level this year, compared with 9.82 million bpd in August, which was one day longer.

Russian output, which swung between decline and stagnation in the first half of the year, started slightly rising in the past few months, raising hopes that the government will avert the first annual decline of the decade.

Oil production rose by 2.3 percent last year and even more rapidly in the previous years this decade.

September production was still down by 0.4 percent from the same period last year, and oil output accumulated since the beginning of the year was down by 0.8 percent from the first nine months of the last year.

The data also showed that exports via pipeline monopoly Transneft rose to 4.13 million bpd in September from 3.96 million bpd in the month before, when exports slumped to their lowest level since late 2004 amid high oil export duties.

The export duty for August and September was set at a record $495.9 per ton, based on record high June and July oil prices. The government has decided to cut the duty to $372 per ton from October to support producers hit by the weaker crude price.