Тhe creation of a so-called fuel intervention fund which would help to balance the domestic oil products market in case of supply disruptions or price spikes is being considered by authorities in Moscow, RBC reports.
Kirill Molodtsov, an aide to the Kremlin chief of staff, said on Thursday that Russian...
Russian energy giant Gazprom has decided on the gas supplies route via the TurkStream pipeline, which will run through Bulgaria, Serbia, Hungary and Slovakia, and is already participating in the procedure of reserving new pipelines in these countries, Kommersant writes.
Gazprom plans to launch supplies to Bulgaria and Serbia via TurkStream in...
The Zagorsk Pipe Plant (ZTZ) has signed a direct supply contract worth 41.2 billion rubles ($625 million) with Gazprom-Komplektatsiya, affiliate of Russian gas giant Gazprom, the company said, noting that is it a new record.
The delivery deadline of 500,000 tons of large-diameter pipes is from November 19, 2018 till April...
The Armenian tax authority has launched criminal proceedings against the country’s national gas distribution company, which is owned by Russia’s Gazprom, accusing the Armenian operator of evading millions of dollars in taxes, RFE/RL reported.
Armenia’s State Revenue Committee (SRC) announced the criminal charges on November 14, claiming Gazprom Armenia inflated its...
The Trump United States Treasury Department has sanctioned an Iranian company and three Russian companies, including a subsidiary of the Russian Ministry of Energy, in an effort to choke off oil sales to the regime of Syrian leader Bashar al-Assad, The Financial Times reports.
The companies help to illicitly ship oil...
Gazprom has confirmed that the offshore section of its Turkstream pipeline project in the Black Sea has been completed, Investing.com reported.
Gazprom subsidiary South Stream Transport handled the construction of the offshore section, while the contract for both pipelines was awarded to Allseas Group.
Allseas deployed the Pioneering Spirit pipelaying vessel to...
Chinese energy conglomerate CEFC has paid only 225 million euro to Qatar’s QIA and Swiss company Glencore in compensation for failing to purchase their 14.2% stake in Russian oil giant Rosneft, Kommersant reports.
The deal was canceled in May after CEFC Chairman Ye Jianming came under investigation by Chinese authorities and also...
Turkish President Recep Tayyip Erdogan will host President Putin in Istanbul on Monday for the completion ceremony of the sea section work for the TurkStream natural gas project, The Daily Sabah reports.
TurkStream is a transit-free gas export pipeline that will stretch across the Black Sea from Russia to Turkey...
Experts are naming Romania and its vast oil and gas reserves waiting to be tapped, as an unlikely yet possible challenger to Russia's iron grip on Eastern Europe's energy supply, AFP reports.
Despite being one of the European Union's poorest members, Romania’s hydrocarbon riches already give the country’s government...
The closure of perceived Cyprus shell-companies, as well as EU sanctions has raised concerns in Russian business circles, Russian Ambassador to the Mediterranean country Stanislav Osadchiy has said, according to the Cyprus Mail.
“The introduction of Europe’s anti-Russian package of sanctions in 2018 and the following campaign of Cyprus’ Central...
