Russia wants to supply energy to Greece and is ready to expand cooperation in the gas sector with the country, according to Vyacheslav Mischenko, Executive Director of the Skolkovo Energy Center.
"Russia is ready to expand cooperation with Greece in the gas field," Mischenko He told reporters at an energy...
A U.S. decision to end waivers on Iranian oil supply, along with Russia’s lukewarm reception of the idea of extending a global pact with OPEC on oil supply, are making the future of the agreement unclear, Vesti Finance writes.
The current deal from December between OPEC member states and key...
Russia’s nuclear power agency Rosatom expects to double its overseas revenue in five years, exceeding $15 billion, the company’s head Alexei Likhachev said at a meeting this week with Prime Minister Dmitry Medvedev.
"It is important to emphasize that the key topic of our further growth is foreign markets. We...
A Swedish court has started hearing Lithuania's request to annul a Stockholm arbitration tribunal's ruling in a dispute between the government and Russia's gas giant Gazprom, according to Kommersant. Lithuania had sought, but was not awarded, around $1.5 billion in compensation for overpriced Russian natural gas.
The court held its...
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...
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...
Authorities in Uzbekistan have chosen a site for the construction of Uzbekistan’s first nuclear power plant, Russia’s Foreign Minister Sergey Lavrov said during a visit to the Central Asian nation last week. The plant may become the first of its kind in Central Asia.
“Uzbek President Shavkat Mirziyoyev today expressed...
Russian police have arrested four people over a recent incident with contaminated oil in the Druzhba pipeline, Russian Energy Minister Alexander Novak said Tuesday, according to Interfax.
"Investigation has detected a group of companies engaged in illegal activities and delivery of substandard oil to the system using organochlorine compounds in...
Russian gas producer Gazprom said on Monday it exported 64.4 billion cubic metres of natural gas to countries outside of the former Soviet Union in the first four months of 2019, 8.4 percent less than it did in the same period last year, Reuters reports.
The company said its natural gas output...
Russia's oil major SurgutNefteGaz (Surgut) made more money from its enormous cash pile than it did from producing oil in 2018, Vedomosti reported last week citing company data.
The oil firm posted 4.4-fold net profit jump in 2018 to $13 billion under IFRS. Surguт made one of the largest corporate...
