The construction of the offshore section of the first string of the Nord Stream 2 gas pipeline has been technically completed. The pipelay was completed on 4 June and today the offshore sections of the pipeline laid from the Russian and German sides were interconnected, Nord Stream 2 AG...
The Russian Ministry of Finance does not plan to raise taxes for Gazprom in order to withdraw excess profits from record gas prices in Europe, the head of the ministry Anton Siluanov told reporters.
Gazprom supplies gas under long-term contracts to the EU and the price in them is much...
The rapidly rising price of Russia’s flagship Urals blend oil has forced European refineries to cut purchases from Moscow and look for crude supplies elsewhere, traders said on Friday, Reuters reported.
Urals, a blend of heavy sour oil from the Urals mountains and Volga river region and light oil from...
The United States on Friday rejected Russian President Vladimir Putin's proposal to extend the New START nuclear treaty for one year unconditionally, countering that both nations must cap warheads during the period, The Moscow Times reported.
"President Putin's response today to extend New START without freezing nuclear warheads is a...
Russia’s state-run oil pipeline monopoly Transneft expects the volumes of crude in the trunk pipeline system to expand 0.8% to 488.5 million tons in 2020, Vedomosti writes citing data provided by the company.
Deliveries to Russian refineries may climb 5.3% to reach 259 million tons, but exports will decrease by...
Uniper, a financial partner of Nord Stream 2, acknowledges reduced risks of delays or non-completion of the gas pipeline's construction after the US and Germany reached an agreement on the project, according to the company's financial results report released on Wednesday, TASS reports.
"The United States and Germany reached a...
Lukoil is designing a polypropylene plant with the capacity up to 500,000 tonnes of processed feedstock per year at its refinery in Kstovo, the Nizhniy Novgorod Region, the Russian oil producer told TASS on Tuesday.
"The plant construction can be initiated after design completion and the final investment decision taking...
In an attempt to improve efficiency and cut down on wasteful spending, Russia’s state-owned gas major Gazprom is undergoing another shake up, RBC reports.
The company’s vice-chairman Oleg Aksiutin announced plans to reform Gazprom’s department of corporate expenditures, responsible for controlling over $15.4 billion in spending on tenders and procurements...
When Russian President Vladimir Putin visits Istanbul on Wednesday, he will be doing more than officially opening a new export pipeline -- he will be getting some more closure on his longstanding dream to end Moscow's dependence on Ukraine in getting natural gas to Europe, RFE/RL writes in an analysis...
Russia’s Transneft has started oil supplies to Belarusian refineries as directed by routing instructions, the spokesman of the Russian pipeline operator Igor Demin told reporters on Monday, according to Interfax.
"Supplies to Belarusian refineries are underway as directed by endorsed routing instructions," he said.
Transneft’s representative said last week that four...
