Russia limits foreign money in oil and gas

lovuian

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Wed Jun-14-06 07:00 PM
Original message

Russia limits foreign money in oil and gas

http://feeds.bignewsnetwork.com/?sid=b2c4f9491bb82292

The Kremlin plans more restrictions on foreign direct investment as part of its nationalization of the nation's oil and natural gas resources.

Moscow plans to forbid foreign companies or companies with 50-percent or more foreign participation to develop fields with more than 70 million tons of oil and 50 billion cubic meters of gas, MosNews reported Wednesday. That effectively puts all but the country's smallest fields off limits.

The policy is not retroactive.
more...
Naturalization of Oil the New wave of the future!!!

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w4rma

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Wed Jun-14-06 07:01 PM
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1. Smart for them. (nt)

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Selatius

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Wed Jun-14-06 07:04 PM
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2. The oil doesn't belong to Exxon-Mobil or any oil corporation

It belongs to the people that oil rests under. The same applies to the people of Venezuela or the people of any other country with oil. If you want oil, you compensate them properly for drilling holes into their landscape and throwing up oil wells, and you compensate them for any environmental impact due to things like pollution and oil spills. You don't support dictators on them to take their oil. You don't bribe government officials, and you most certainly don't take oil and leave the people pennies in compensation.

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sweetheart

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Wed Jun-14-06 07:12 PM
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3. The new age is forming

The era of transnational corporatism is being replaced by corporate nationalism,
or better put, "fascism". We'll see how far this goes before it blows up in a war.

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katty

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Wed Jun-14-06 07:31 PM
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4. Pootie Put layin down the law

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Wed May 15th 2024, 05:00 PM
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