The V.D. Yalevsky mine in Russia’s Siberian Kuzbass region, operated by coal mining major SUEK, produced a total of 1.6 million tons of coal in August, setting a world record for monthly productivity in the coal industry, RIA news agency reported.
The achievement follows on from a series of all-Russian and...
Sweden lacks any legal prospects to block the construction of the Nord Stream 2 gas pipeline, Lars Gronstedt, Senior Management Advisor to Nord Stream 2 AG in Sweden, told the Izvestya newspaper, commenting on media reports saying that Swedish MPs are in favor of blocking the project.
According to Gronstedt, there...
Russian oil firm Lukoil plans to spend at least $1 billion buying back shares by the end of 2019, the Vedomosti newspaper cited the company’s first vice president for finance as saying on Friday.
Lukoil will begin the buyback this month and the process will be handled by Citibank, Alexander Matytsyn said.
Lukoil’s...
Russia’s gas giant Gazprom said on Thursday a total of 2,010 kilometers of pipes have been welded and laid for the Power of Siberia gas pipeline between Yakutia and the Russian-Chinese border, OilPrice.com reports. According to the company, this translates into 93% of the pipeline’s full length.
The Power of Siberia’s...
Buyers of aluminum from European countries will avoid deals with sanctioned Russian company Rusal when the industry meets in Berlin next week to seal 2019 metal supply agreements, three sources familiar with the discussions told Reuters.
The event, known in the industry as the “mating season,” is taking place alongside...
Abu Dhabi-based oil company Mubadala Petroleum and the Russian sovereign wealth fund (RDIF) have finalized a deal to acquire a 49 per cent shareholding in a Siberian oil venture from Russia’s Gazprom Neft, marking the Emirates company's entry into the Russian market, Forbes Middle East reports.
Mubadala Petroleum, a unit...
Ukraine urged the D.C. Circuit on Tuesday to toss Russian energy company PAO Tatneft's bid to enforce a $112 million arbitral award it won following the forced 2007 seizure of a Ukrainian oil refinery, saying an exception to sovereign immunity doesn't apply in this instance.
According to the Russian legal...
In a move seen as defiance of U.S. sanctions against North Korea, Russia has resumed coal supplies through the Far Eastern country’s port of Rajin, RBC reported on Wednesday, citing Interfax news agency.
In the past, Rajin has been a transit point for Russian coal exports to South Korea. According...
The trilateral gas talks in the EU-Russia-Ukraine format at the expert level will start next week, Anna-Kaisa Itkonen, a representative of the European Commission (EC) said on Wednesday, according to Rossiyskaya Gazeta.
"The senior expert-level talks are meant to be starting next week," she said. "No definite date fixed yet," the EC...
