Rising temperatures and melting ice could prove to be an economic boon, thanks to the revitalization of a Soviet-era maritime shipping route.

MOSCOW, Jan. 21, 2011 /PRNewswire/ -- Euro 200M worth of deals will be executed during just the first day of the Russian National Exposition at the International Green Week 2011 Initiative, which opened in Berlin on Monday.

RIYADH, Saudi Arabia, December 24 /PRNewswire/ -- Novaar Capital Management SPC ("Novaar") today announced the creation of a Joint Venture with JSC Ural Industrial-Ural Polar ("Ural Polar") an entity owned by state institutions of the Russian Federation, to facilitate Foreign Direct Investment ("FDI") in the natural resource-rich Urals region of the country. Novaar, a Saudi-led investment concern, in cooperation with preferred strategic partners, will invest through the newly-formed Joint Venture, in designated infrastructure projects throughout the Urals Federal District. The Ural Federal District, described by some as "Russia's Klondike of raw materials," represents 92% of all Russian gas production, 66% of all oil production and 45% of all ferrous and 42% of all non-ferrous metals.

A gold deposit estimated at more than 100 tons has been found in Siberia, the Russian National Geological Prospecting Co announced Tuesday.

YUZHNO-SAKHALINSK. Oct 3 (Interfax) - Gazprom (RTS: GAZP) plans to launch production at the Kirinskoye gas field, which is part of the Sakhalin-3 project, in 2014, Viktor Timoshilov, head of the company's eastern projects coordination department, said at an oil and gas conference in Sakhalin.