Rosneft, Russia’s biggest oil producer, said Tuesday it more than doubled its net income last year, taking advantage of the climbing price of crude despite instability in the markets, AFP reported.
The state-run oil giant reported a net income of 549 billion rubles ($8.4 billion) in 2018, up from...
A Saudi-led consortium was definitively reinstated on Monday as the builder of a new gas pipeline through Bulgaria, intended to hook up to Gazprom's TurkStream project, Bnr.bg reports.
Bulgaria's Supreme Administrative Court announced Monday that the Saudi-led group's main competitors for the project had dropped a legal challenge relating to...
Russian Energy Minister Alexander Novak said on Tuesday the controversial Nord Stream 2 pipeline will be built even if the United States decides to impose sanctions against companies participating in the project, Reuters reports.
"We hope that there will be no sanctions. If U.S. restrictions are imposed, the project will...
Russian oil output declined to 11.38 million barrels per day (bpd) in January, or by around 35,000 bpd from the October 2018 level, the baseline for a global oil accord with OPEC, missing the target set in the deal, Energy Ministry data showed on Saturday, according to Bloomberg.
This was...
According to Kremlin spokesperson Dmitry Peskov, Gazprom is ready for additional negotiations that will lead to mutually acceptable gas supply options with Moldova.
When asked to comment on Russia-Moldova gas discussions, a Kremlin official said.
"So far, the de facto reality has been that they have been unable to achieve an...
A senior Gazprom official said on Tuesday that the company will start talks on extending a deal to transit Russian gas across Ukraine to Europe after a new government is formed in Kiev, Reuters reported.
The Russian state gas giant has been involved in difficult, EU-sponsored negotiations with Ukrainian...
Russia's Ambassador to Croatia, Anvar Azimov reacted to his U.S. counterpart’s statement involving the intentions of a Russian company to privatize Croatia’s biggest oil and gas company, INA.
“The Americans are meddling in the internal affairs of other countries, violating the principle of a free market and are conducting policies...
Russian lender Promsvyazbank, which was effectively nationalized last year, has stepped up gold purchases in the market, Deputy Finance Minister Alexei Moiseev said on Tuesday, according to Reuters.
His comments follow reports earlier this month by business daily Kommersant which cited a PSB earnings report that the bank’s precious...
Russian Energy Minister Alexander Novak said on Monday that the country’s oil production in June was 50,000 barrels per day (bpd) below the level Moscow had pledged under the OPEC+ output cut agreement, Interfax reported.
Between January and June, as part of the production cuts, Russia is taking...
