Nenets Autonomous Okrug
Norwegian company Norterminal and its subsidiary Norterminal Floating Storage AS will soon be able to handle up to six million ton of Russian oil at its ship-to-ship facility in a fjord outside Kirkenes, Norway.
In an application to the Norwegian Environment Agency, the company seeks permission for a doubling of the volumes of ship-to-ship operations. The previous permission included only three million tons, BarentsObserver reports.
If approved by the Environment Agency, Norterminal will be able to cover almost all of Lukoil's needs for Arctic trans-shipment capacity. Lukoil is the owner of the Varandey terminal, a key infrastructure object for the company's oil...
Figures from Patchwork Barents show that the salary level in the Russian north in 2014 declined, the first drop since the 2008-2009 financial crisis.
The figures, based on data from the Russian Statistical Service, show a similar drop in all the five Barents Russian federal subjects. In Murmansk Oblast, the average annual salary level dropped from $15,160 in 2013 to $13,400 in 2014. In the Republic of Karelia, salaries fell from $10,360 to $9160, while the oil-rich Nenets AO had a drop from $23,280 to $20,870, BarentsObserver...
The price for a normal Russian food basket is on a rapid increase as inflation in the country surges. Consumer price growth in the five Barents Russian regions in November reached its highest level in six years.
The average inflation rate in five northwest Russian regions in November alone increased by more than one percent, BarentsObserver reports. The trend continued in December. In Murmansk, monthly prices on basic foodstuff like frozen fish, eggs and beef increased more than eight, twelve and six percent respectively, figures from the regional office of the Russian Statistical Service (Rosstat) show.
Inflation in Russia has been stable between 6-9 percent since 2009, and...