Aug 7. Russia's Economic Development Industry has a downbeat outlook on oil production in the country and views gas as more promising, as shown by a comparative analysis of hydrocarbon output forec >>> Aug 7. Vice PM and Finance Minister Alexei Kudrin expects net capital inflow into Russia in 2H 2008. However, it is hard for him to estimate the amount due to high market volatility. >>> Aug 7. The MICEX Directorate has adopted a decision to admit the common shares of FESCO (holding company of the transport group) for trading bypassing the official listing procedure, >>> Aug 7. Gazprom has wrapped up the sale of controlling stakes in five subsidiary construction companies. >>> Aug 7. BP CEO Tony Hayword and his Russian JV partner Mikhail Fridman will meet >>> Aug 7. International rating agency Standard & Poor's has downgraded its long-term corporate credit rating >>> Aug. 7. In global petroleum market news, oil prices dipped below USD 118 Wednesday on a surprise build in crude inventories, belief that high prices are destroying demand, and a stronger dollar. >>> | 
