Russian Mining Company Kuzbassbelavto (KBA) has signed a cooperation deal with China’s leading construction machinery manufacturer XCMG, the two companies said in a statement on Monday.
The deal will result in $100 million worth of agreements in mining equipment and solutions, the statement read.
"With the support of global dealers, suppliers and...
The construction of the Nord Stream-2 gas pipeline is proceeding according to an agreed schedule, Russian energy giant Gazprom’s chairman of the board of directors said Friday, according to News.ru.
"It's going fine ... everything is going according to the schedule that has been agreed upon," Viktor Zubkov was quoted...
After tough negotiations, the Organization of the Petroleum Exporting Countries (OPEC) said on Friday its members would cut 800,000 barrels a day from October’s levels for six months, beginning in January, Reuters reports.
The statement didn’t specify the output cut by producers outside OPEC, which include Russia. According to various...
Siemens Gamesa Renewable Energy (SGRE) has signed an agreement with Russian electric motors producer Ruselprom for the production of turbine generators, Renewables Now reports.
In early October, SGRE secured its first turbine purchase agreement in Russia. It will provide 26 SG 3.4-132 turbines to a 90MW project developed by Enel.
It forms part...
OPEC countries have failed to agree on possible cuts to oil production in an attempt to stabilize prices as they are set to meet representatives of Russia and other non-member producers for talks on the issue, The Economic Times reports.
Saudi Arabia, OPEC’s de facto leader, has been pushing a...
On the second day of his visit to Russia, Venezuelan President Nicolas Maduro said Thursday that he obtained accords for $6 billion of investments in Venezuelan oil and mining production, as well as offers of wheat shipments, and help maintain and improve Venezuelan weapons, Gazeta.ru reports.
"At the end of a successful work...
A commission on foreign investments in the Russian government did not make a decision on Wednesday about U.S. oilfield services giant Schlumberger's bid for Eurasia Drilling Company (EDC), the Russian anti-monopoly service (FAS) has said, Reuters reported citing Russian media.
Late last month, the FAS returned the bid, demanding clarification...
Major Russian oil producer Lukoil is ready to cut oil production if Russia agrees to do this as part of the OPEC + deal, the company's CEO Vagit Alekperov told reporters, according to Reuters.
However, the CEO said that harsh weather conditions in Western Siberia mean the company can cut production only...
UK-based Sandvik Mining and Rock Technology, a subsidiary of Sweden’s Sandvik AB, has secured a strategic partnership agreement with Russian coke coal miner Kolmar, Steel Guru reports.
The Russian coking coal miner and processor, located in the Neryungri District in the Republic of Sakha, is a major contributor to infrastructure...
UK-based, Russia-focused miner Eurasia Mining has said its platinum group metals (PGM) and base metals mine project in Monchetundra, in the Murmansk region, received official approval from the Russian government, Mining Weekly reports.
The permit authorized by the office of Prime Minister Dmitry Medvedev allows for the project's 1.9 million-ounce palladium-equivalent reserves...
