A new power plant which Russian authorities hope will help make its Kaliningrad exclave in Europe self-reliant was launched on Wednesday, Reuters reports.
The launch comes as the city’s European Union neighbors seek to unplug their power grids from Russia. Kaliningrad has no border with mainland Russia and has...
Brazilian crude oil shipments for China’s independent refineries surpassed Russian cargos and topped the list in February at 2.17 million metric tons (mt) an S&P Global Platts monthly survey showed.
Total imports from Brazil were just 54,000 mt more than those from Russia, though they were still 5.4% lower from...
Russian companies sent nine ships carrying more than 3 million barrels of crude oil and petroleum products to the United States last week, the highest amount since 2011, McClatchy reports citing a review of the U.S. Bill of Ladings database by investment bank Caracas Capital.
Amid debilitating oil sanctions lodged...
A senior German government official has said the country plans to directly regulate Russia's controversial Nord Stream 2 gas pipeline using its national sovereignty, OilPrice.com reports.
This means only the EU section of the underwater gas link is set to be covered under agreed-in-principle changes to the EU's gas directive.
"We would like...
French energy giant Total has announced it has signed final agreements with Novatek for the acquisition of a direct 10% interest in the Russian independent gas producer’s Arctic LNG 2 project, Interfax reports.
The major liquefied natural gas project is in development in Russia’s Gydan Peninsula. The terms of Total’s...
Chinese, French and American energy heavyweights CNNC, General Electric and Framatome may compete with Russian state nuclear corporation Rosatom for the construction of the Belene nuclear power plant in Bulgaria, the Sofia Globe reports.
The construction of the plant may start in 2020-2021, according to the documents the Russian government’s...
Russian independent oil producer Lukoil has posted a net profit of 159 billion roubles ($2.42 billion) in the fourth quarter of 2018, up from 120.5 billion ($1.83 billion), the company said on Monday, according to RBC.
Russia’s No.2 oil producer reported a Q4 revenue of 2 trillion roubles ($30.4 billion), while earnings before interest, tax, depreciation...
Russia and Qatar will continue coordinating efforts on the global energy market, including natural gas exports, Russia’s foreign minister Sergey Lavrov and his Qatari counterpart, Deputy Prime Minister Mohammed bin Abdulrahman Al-Thani said on Monday following talks in Doha, according to Neftegaz.ru.
"We have agreed to continue coordinating efforts on...
Russian steelmaker Novolipetsk Steel (NLMK) announced on Monday a new five-year plan to increase core earnings by $1.25 billion annually and revised its dividend policy, the company’s President Grigory Fedorishin told Vedomosti in an interview.
The Lipetsk-located NLMK, controlled by billionaire Vladimir Lisin, said its 2022 strategy also aims...
Ukrainian state-owned gas company Naftogaz said that an appeal by Russia’s Gazprom against a Stockholm arbitration in Naftogaz’s favor will be heard by a Swedish arbitration court next year, S&P Global Platts reported.
The Stockholm arbitration court ruled in February last year that Gazprom should pay Naftogaz $4.56 billion in damages...
