Energy Blast, Jan. 14, 2008
Lukoil, Russia’s largest private oil producer, said full-year profit exceeded $8 billion last year, a rise of at least 7%. Aluminum producer RusAl has secured long-term electricity supplies to insure against the tariff hike expected after power sector reforms are concluded. Iran and Russia are to agree on the timeline of commissioning the Bushehr nuclear power plant “in the next few weeks.”