A new Russian gas pipeline to China will curb its appetite for LNG imports, having a ripple effect on markets since the latter's surging demand had led to price spikes globally, CNBC reports citing analysts.
The ambitious 3,000-kilometer pipeline — known as the 'Power of Siberia' — is being built...
Russian gas major Gazprom may pay a double-digit dividend on its 2018 results, significantly higher than the dividend on its 2017 profit, Interfax cites the company’s Deputy Chief Executive Officer Andrei Kruglov as saying on Wednesday.
“Dividends for 2018 will be higher, at least the management board will propose to...
Russian oil company Lukoil has said its net profit, calculated to the International Financial Reporting Standards (IFRS) attributable to shareholders, in January-September 2018 increased 54 percent year on year to 460.1 billion rubles ($6.8 billion), Reuters news agency reported.
EBITDA for the first nine months of 2018 grew 37.6 percent...
The Russia-Saudi oil partnership, a powerful alliance which rescued the industry from a deep slump, is facing its toughest test yet as prices plummet, Bloomberg writes.
Crude oil has lost more than 30% of its value and Riyadh has been urging Russia to collaborate in cutting production again. Their alliance...
A billionaire Russian oligarch wants to invest around $32 millions in reopening a closed down tungsten mine near Plymouth in England, the Plymouth Herald reported.
According to the newspaper, Pala Investments – owned by one of the world’s richest men, Vladimir Iorich – is understood to be willing to inject...
Global gold production will grow in 2018-2022, driven by slightly higher prices and stronger company financials, along with a boost in investment in Russia, a new report by Fitch Solutions says, according to Mining.com.
"We forecast global gold production to increase from 104 million ounces (moz) in 2018 to 115...
Ukraine’s national gas company Naftogaz has notified Russia’s state-owned giant Gazprom about offsetting another $3.8 million received from the Russian company for transit services in excess of contractual amount against penalties arising from Gazprom’s debt to Naftogaz amounting to over $2.6 billion, Interfax Ukraine has reported.
Naftogaz said in a...
Anatoly Loktionov, a former vice president of Russia’s state-run oil giant Rosneft, has returned to Russia, a spokesperson for Russian business ombudsman Boris Titov said late on Thursday, Russia’s legal information agency RAPSI reports.
"Today former Rosneft vice president Anatoly Loktionov, who is on the so-called London List comprised by...
Russia's Novatek has announced the completion of the third line of its Yamal liquefied natural gas (LNG) project one year ahead of schedule and reaching the full capacity of 16.5 million tons annually, Vedomosti reports.
The company also said it begun production of LNG from its third 5.5 million mt/year...
