A deepening legal dispute between Gazprom and Ukraine’s Naftogaz forced the Russian gas giant to suspend its external borrowing program earlier this year over gas supplies, three banking sources told Reuters.
In June, a London court froze Gazprom’s assets in Britain at the request of Naftogaz. The Ukrainian company was...
Russian oil companies will demand some provisions to a government-planned tax maneuver in the sector which has already been approved by the Russian parliament and signed into law, Vedomosti reports.
According to officials and the newspaper’s sources in oil companies, the industry representatives will soon discuss the issue with President Vladimir...
Venezuela's state oil and gas company PDVSA cut its debt to Russia's top crude producer Rosneft by $400 million in the second quarter to $3.6 billion as of the end of June, Rosneft's second-quarter results presentation showed Tuesday, according to Fomag.ru.
Rosneft agreed prepayment deals for crude and products deliveries...
Inhabitants of Russian cities can now add gas to their list for online shopping, as two startups offer fuel delivery direct to a parked car, Reuters reports.
Such services are already available in North America and Europe, but may have special appeal in Russia given the country's particularly harsh winters,...
Russia’s aluminum giant Rusal says U.S. sanctions have forced it to shut down one of its smaller plants that catered to U.S. customers and find new jobs for hundreds of the plant's workers, Reuters reports.
On Monday, the company said that operations at the Nadvoitsky aluminum smelter in Russia's Karelia...
Steel and mining group Severstal said Monday that a reconstructed coke oven battery at its main Cherepovets Metallurgical Plant in northwest Russia will raise coke output by almost 10% and cut dust emissions, Platts reports.
The main result of the reconstruction project will be a reduction of dust emissions by...
The first ever fuel loading of Akademik Lomonosov, the world’s only floating nuclear power unit (FNPU) so far, has beguns in Russia’s port of Murmansk, The Barents Observer reports.
After getting necessary permission from regulatory body Rostechnadzor, the Akademik Lomonosov will be based at Pevek in the Chukotka peninsula and...
Russian oil major Rosneft has said that the structure and parameters of a share buyback programme amounting up to $2 billion had been approved by the company’s board of directors on Monday, Reuters reported.
The company said the buyback program will run until the end of 2020, adding it reserves the right...
Exxon Neftegaz Limited, a participant in the Sakhalin-1 consortium, resumed arbitration proceedings against Rosneft in the International Chamber of Commerce in Paris on oil crossflows balancing, documents of India’s ONGC, another consortium member, reveal.
Exxon undertook such actions after Rosneft in July filed a lawsuit for the sum of 1.4...
Bulgaria opened a new looping section of its transit gas pipeline to Turkey on Friday, expanding its capacity and adding the possibility of two-way flows as the Balkan country bids to transport Russian gas from the TurkStream pipeline to Europe.
Turkstream’s main goal is to link Caspian Sea gas supplies with...
