The Russian Ministry of Natural Resources has agreed to hold a tender for the Zapadno-Irkinsky subsoil area (north of Krasnoyarsk Region), on request from the country’s biggest oil company, Rosneft, TASS news agency reports, citing business newspaper Vedomosti.
The region has probable oil and gas reserves of 500 million...
The world’s second-largest aluminum company, Russia’s Rusal, and American holding company Braidy Industries Inc. plan to jointly produce flat-rolled aluminum products for the U.S. automotive industry in Ashland, Kentucky, Rusal’s press service said on Monday, according to TASS.
Rusal will have a 40% share in the new project, while Braidy...
Moscow’s recent moves on the Lebanese scene are reflecting its desire to strengthen its political and economic influence and to expand its role in Beirut, Al-Monitor reports.
Lebanon and Russia signed a memorandum on cooperation on oil and gas in October 2013, and since then cooperation between them has deepened....
Gazprom Space Systems, a subsidiary of Russian energy major Gazprom, has said that work has been completed on the design of a plant in the Moscow Region that would assemble and test satellites, Vedomosti reported.
The enterprise is to be located in the city of Shchyolkovo, and it is...
The head of Russia’s state nuclear energy corporation Rosatom, Aleksey Likhachev, has said that total investments in the development of Russia’s Northern Sea Route (NSR) will exceed $11.3 billion, TASS reports.
“A federal project to develop an Arctic sea passage has been approved with potential financing expected to top 735...
European refiners are forced to buy increasingly expensive Russian oil to replace sour crude Washington has blocked from the global market by imposing oil sanctions on Venezuela and Iran, Reuters reports citing trading sources and data.
The impact of sanctions is compounded by OPEC members, which have mainly cut sour...
The decision by energy giant Royal Dutch Shell to withdraw from its joint Baltic LNG project with Russia’s Gazprom could delay the venture, sources told business newspaper Kommersant.
The Russian state-run gas giant will now have to find over $10.8 billion for the construction of both the Baltic LNG...
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...
Global oil prices fell from a five-month high on Tuesday as Russian comments signaling the possible easing of a supply-cutting deal with OPEC countered concern that violence in Libya could further tighten global markets, Reuters reported.
U.S. West Texas Intermediate crude settled 42 cents lower at $63.98, after hitting a high going...
Siberia’s historic capital of Tobolsk is looking forward to the opening of a new plastics plant by petrochemical giant Sibur later this year, with the move seen as an important economic driver for the region, the Moscow Times reports.
“The city can no longer imagine itself without Sibur, or Sibur without the...
