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. Last Updated: 07/27/2016

For the Record

Royal Dutch Shell and Gazprom might form a venture to develop projects in western Siberia and abroad, according to a statement Tuesday from the gas giant.
(Bloomberg)

Norilsk Nickel's board approved a $4.5 billion share buyback, aiming to buy 7.71 percent of its shares and offering $306 per share and $30.6 per depositary receipt, it said Tuesday.
(Bloomberg)

The Natural Resources and Environment Ministry will send a proposal to the government in November to allow all companies to explore for offshore oil and gas deposits, ministry official Darya Vasilevskaya said Tuesday, adding that nonstate investors that find resources will probably be allowed to develop them with a state company.
(Bloomberg)

The latest round of Georgian-Russian talks on Russia's accession to the World Trade Organization took place in Switzerland on Monday but did not produce any results, Georgian Foreign Ministry spokesman Grigol Vashadze said Tuesday, adding that: "The Russian side is standing firmly, as it once stood [in the battle] at Borodino Field." 
(Interfax)

United Company RusAl said Tuesday that "any investor of good sense will look for investment opportunities somewhere outside Guinea," the biggest exporter of bauxite, after lawmakers on Friday adopted a mining code that will hand the West African nation 35 percent of local commodity companies and raise customs duties to 8 percent from 5.6 percent.
(Bloomberg)

Gazprom's platform for the Prirazlomnoye oil field in the Barents Sea and drilling of 40 wells may cost $7 billion, Nikolai Kabanov, deputy head of the gas, oil and condensate production department, said Tuesday.
(Bloomberg)