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Iran Targets $70 bln in Oil Exports

Iran, the world’s number four crude producer, is aiming for oil export revenues of about $70 billion in the year to March, after it received about $35 billion in the first half of the year, an Iranian oil official said on Monday.

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Chechens ‘spontaneously’ rally for a third Putin term

Demonstrations in support of a third term for President Vladimir Putin were held across Russia, including Chechnya, on October 24. As Kommersant noted on October 25, while both the Kremlin and the pro-Kremlin United Russia party claimed the demonstrations were spontaneous actions “from below,” members of Russia’s political opposition claim …

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Oil Prices Support Russian Economy

As oil prices surged to another record ($93.56 per barrel), energy analysts said Russia has become a critical player in the world oil and gas market. Richard Herold is director of international affairs of the London-based oil multinational, BP, which has large investments in Russia.

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