Russia expects to export a total of 2.4 million metric tons (mt) of the medium sweet ESPO Blend crude in September, down 11.11% from August, the latest monthly loading program shows, according to Platts.
ESPO Blend’s September program runs from August 30 to October 1 and will comprise 24 cargoes...
Italian oil and gas contractor Saipem has signed new contracts for onshore infrastructure development and construction in Russia and Serbia valued at $560 million, according to Global Energy Today.
The Russian contract was signed with the Moscow refinery’s operator GazpromNeft and covers the engineering, procurement and construction of a new...
A U.S. decision to end Iran sanctions waivers is set to put pressure on oil prices and benefit Russia's budget and oil producers, as international buyers are likely to seek more Russian crude as an alternative to Iranian supplies, S&P Global Platts reports.
The United States said last week it...
Italian energy company Enel Green Power has begun construction of a 90-MegaWatt (MW) Azov wind farm, located in the Rostov region of Southern Russia, Renewable Energy World reported.
The wind farm, which EGP says is the Rostov region’s first renewable facility, is owned by subsidiary Enel Russia. EGP is in...
The Russian Ministry of Energy is planning to provide a series of preferences for companies that will use domestic gas turbine equipment, Kommersant reports.
A draft decree approving a mechanism of investments raising for thermal power plants upgrade has already been prepared, the report says.
In particular, thermal power plant commissioning...
Russia’s gas giant Gazprom plans to construct a gigantic gas processing plant on the Baltic Sea in partnership with RusGasDobycha, a company previously owned by businessman Arkady Rotenberg, Moscow business daily Vedomosti reported citing sources in the industry.
The cost of the project, planned to have an annual capacity of up...
British-Dutch oil giant Royal Dutch Shell has decided to exit the Leningrad region-based Baltic liquefied natural gas (LNG) project led by Russian state gas giant Gazprom, Reuters reported citing the chairman of Shell’s Russian unit.
Shell, which has a long history of energy cooperation with Russia, said earlier on...
The United Arab Emirates Mubadala wealth fund is reportedly nearing a deal to invest in a Gazprom Neft subsidiary based in Western Siberia. The transaction, if closed, would mark the Abu Dhabi investment vehicle’s foray into Russia’s upstream sector.
Russian business daily Kommersant reported last week that Mubadala and the...
Russian state-owned energy major Rosneft announced that it has signed energy deals with a pair of Chinese energy counterparts, seizing an opportunity as Beijing moves to diversify suppliers amid a trade war with the U.S., TASS news agency reports.
China National Chemical, known as ChemChina, agreed to purchase 2.4 million tons a year...
