Roman Ruzhechko, suspected of causing billions in losses by contaminating one of the largest Russian oil pipelines earlier this year, has been detained in Vilnius and has asked for political asylum, Reuters reported citing Lithuanian authorities.
According to Deutsche Welle, Russian prosecutors believe the 40-year-old oil executive was “one of...
Russian natural gas producer Novatek said it had completed the sale of stakes in its Arctic LNG-2 project to two Chinese companies and a consortium of two Japanese companies, Oil Price.com reports.
The second-largest natural gas producer in Russia announced the closing of the sale of participation interests in Arctic...
In an unexpected move, Russian gas giant Gazprom unfroze a project to expand its infrastructure in southern Russia under the South Stream export gas pipeline, a project that was canceled for the needs of the domestic market, Kommersant reports.
However, sources on the market told the business newspaper they doubt...
Russia’s President Vladimir Putin has handed Russian citizenship to the veteran finance chief of gas producer Novatek, Mark Gyetvay, Interfax reports.
The move could potentially help the American national bypass some sanctions restrictions, Russian media said. U.S. nationals and companies are banned from helping organize long-term funding for some major...
Ukrainian national oil and gas company Naftogaz said on Friday that Russian giant Gazprom’s appeal was rejected by the Amsterdam Court of Appeal, RIA Novosti reported.
The ruling is related to a dispute between the two companies regarding gas supply and transit contracts filed by Naftogaz last year.
According to the...
The three days of festivities leading to the inauguration of the new Swiss embassy building in Moscow last month were sponsored by Volga Group, a holding owned by Russian billionaire Gennady Timchenko, among other companies, Swiss Info reports.
Timchenko, a close ally of Russian President Vladimir Putin, contributed an unknown...
Russian President Vladimir Putin will meet with the head of Anglo-Dutch energy giant Royal Dutch Shell Ben Van Buerden this week to discuss liquefied natural gas (LNG) projects, the Kremlin's press service said, according to RIA Novosti.
Earlier this year Shell pulled out of the Baltic LNG project it operated...
Ukraine has introduced duties on Russian diesel and liquefied natural gas (LNG), state-run news agency RIA Novosti reported, citing Ukrainian President Volodymyr Zelenskiy’s representative Andriy Gerus.
The special duties on diesel will start at 3.75% from August and rise to 4% from October, while those on liquefied gas will rise...
Russia has restored its oil output to levels agreed under a deal between OPEC and non-OPEC oil exporters and production in the last half of July will rise from the first half, Energy Minister Alexander Novak said on Thursday, according to Kommersant.
Lower output from Russia’s largest oil producer Rosneft...
French energy major Total has sold a cargo of contaminated Russian Urals oil to Poland’s PKN Orlen for Lithuanian refinery, three sources familiar with the shipment said, according to Reuters.
Russia’s oil industry was plunged into crisis in April when buyers discovered it was shipping oil contaminated with organic chloride,...
