Russia’s oil firms are demanding penalty clauses and payments in euros instead of U.S. dollars in their annual renegotiation of oil supply contracts with Western crude buyers, as the Russian oil industry is seeking to protect itself from possible new U.S. sanctions on the sector, RT reported citing a number...
The United States Ambassador to the Netherlands Pete Hoekstra has said that Dutch companies like Shell, Boskalis and Van Oord may face sanctions if they remain connected to the Nord Stream 2 project, which could make it difficult to do business with the U.S., NOS reported.
The Nord Stream 2...
Asia has overcome Europe as the main export market of Russia’s top oil producer Rosneft, Intellinews reports. The company supplied 43.1 million tons of oil to Asia in January-September 2018, beating exports to Europe that amounted to 41 million tons, the news outlet wrote citing Rosneft data.
Asia has...
Russia’s rocket engine producer Energomash and the Sixth Academy of the China Aerospace Science and Technology Corporation (CASIC) have signed a protocol of cooperation in the development and manufacture of liquid rocket propellants, the Energomash press office reported on Thursday, according to RIA.
The document was signed at the Airshow...
Russia’s state-owned oil giant Rosneft wants its Western buyers to accept new terms and pay penalties from 2019 if they do not pay for supplies in the event that new U.S. sanctions disrupt the Russian major’s oil sales, trading sources and Rosneft’s draft contracts reveal, according to Reuters.
A Rosneft...
Russia and China signed four executive contracts on constructing the seventh and eighth units of the Tianwan Nuclear Power Plant (NPP) and CFR600 demonstration fast neutron reactor, RIA news agency reports.
The agreements were signed on Tuesday on the sidelines of the China International Import Expo in Shanghai.
The...
Russia’s biggest oil company, Rosneft, has almost tripled its year-on-year net income in the third quarter to 142 billion roubles ($2.15 billion) thanks to higher oil production and prices, Reuters reported on Tuesday, citing a company statement.
Analysts, polled by Reuters, expected the Kremlin-controlled company’s net income at 147...
Russian Prime Minister Dmitry Medvedev has said that global oil prices have reached “an acceptable level” for Russia and that his country is not interested in expensive oil, state-run TASS news agency reported.
“At the moment, the prices have leveled off, and we have never been interested in...
The first reactor of Russia’s floating nuclear power plant has achieved a sustained chain reaction at its mooring in Murmansk harbor last week, Innov.ru reports.
The project has long been a controversial dream of the country’s atomic energy industry, and now it has finally become an actual nuclear power plant....
Murmansk Shipping Company, reportedly in financial trouble, has won an important lifeline, Regnum news agency reported, citing local media.
Sibanthracite Overseas, affiliated with Russia’s biggest coal holding VostokCoal, has tapped the polar shipping specialist to make one of the biggest transport projects in the Arctic. The companies have inked an agreement...
