Additional, wider-ranging sanctions from Washington on major Russian oil and gas companies would cripple the energy systems in Europe, Bob Dudley, chief executive at BP which holds just below 20 percent in Rosneft, said on Wednesday, according to Vedomosti.
“I do not think that would happen. If sanctions were put...
Russia and Syria have discussed the possible reconstruction of gas transportation infrastructure, underground gas storage facilities, oil and gas production and oil refineries in Syria, Russian Energy Minister Alexander Novak was quoted as saying by RIA news agency.
The two countries also agreed to speed up reconstruction of thermal power...
The head of Russia’s Gazprom said on Tuesday the state-run giant will resume importing Turkmen natural gas from the start of 2019, after a three-year-long break, RFE/RL reports.
Gazprom CEO Aleksey Miller made the commitment in an interview with Turkmenistan’s state-run television channel on October 8.
Until it was displaced...
Russian Energy Minister Alexander Novak said on Tuesday the controversial Nord Stream 2 pipeline will be built even if the United States decides to impose sanctions against companies participating in the project, Reuters reports.
"We hope that there will be no sanctions. If U.S. restrictions are imposed, the project will...
Russia’s Energy Minister Alexander Novak considers it unreasonable for the country to join OPEC, Finanz.ru reports.
"I do not think it is necessary and reasonable," he said in an interview aired by the Rossiya-24 TV news channel on Tuesday when asked about Russia’s possible joining the oil cartel.
"Fundamentally, the instruments...
The construction of the TurkStream pipeline is on schedule - gas supplies via the pipeline might begin on January 1, 2020, Russian Energy Minister Alexander Novak said in an interview with TV channel Rossiya 24 on Monday.
"As for the Turkish Stream, its construction is carried out according to the...
The International Monetary Fund (IMF) predicts that oil prices will average $68.78 per barrel in 2019 and up to $60 in 2023, according to the World Economic Outlook report released on Tuesday.
"Oil prices are expected to average $69.38 a barrel in 2018 (higher than the April 2018 projection of...
The subjects of Russia’s North Caucasus Federal District have been stealing gas and electricity and chronically not paying their bills, the country’s Minister of North Caucasus Affairs has accused, according to RIA.
“In the first half of the year, the debt for electricity in the regions of the North Caucasus...
Ever since the revelation of the full extent of Russian cyber meddling in the U.S. this year, Washington officials have warned that hackers could attack the country’s electric grid, potentially causing major energy disruptions. On Thursday, the U.S. Justice Department said it has charged seven Russian intelligence officials with...
Russian oil major Rosneft on Friday called for a change in India's tax structure and sought a review on double taxation of foreign investors, CNBC reports.
"India should look into streamlining of its tax system. If an Indian company invests in Russia, it has to give tax and dividends to...
