Gazprom Neftekhim Salavat, one of Russia’s largest production complexes for oil refining and petrochemicals, has shut down its polyethylene (PE) production for a scheduled turnaround, ICIS reported.
On Sunday 1 July, the producer took its low-density polyethylene (LDPE) and high-density polyethylene (HDPE) production capacities off-stream in order to conduct scheduled maintenance...
Britain-based mining major Eurasia got one step closer to completing its Monchetundra mine last week when it received mining permit approval from the Federal Securities Board and Ministry of Defense, Investegate reported.
The project, located on the Kola Peninsula of Northwest Russia, has a combined resource and reserve total of 2...
More than $63.5 billion in additional revenues has poured into Russia’s budget thanks to the OPEC+ deal, says Kirill Dmitriev, chief executive of the Russian Direct Investment Fund (RDIF), said in an interview with Russian television channel NTV.
The production cut deal between the Organization of Petroleum Producing Countries (OPEC) and...
Russian gas major Gazprom expects that its exports to Europe will set a new record this year, and Ukraine will also profit off this since additional gas supplies will be pumped through its territory, Vedomosti reports.
By late 2019, Gazprom’s deal on gas transit with Ukraine will expire and in...
Russia’s Gazprom Neft, the only oil company producing on Russia’s Arctic shelf, has received its first icebreaker, the Alexander Sannikov, on Friday, reaching a milestone in developing the region, Lenta.
The vessel was built under the Arctic Time program, under which six tankers were floated out and put into operation...
Russian oil companies want to invest in the modernization and digitization of their business, but the much-needed upgrade is likely to be hampered by limited access to modern Western technologies, Newsbase reports.
Industry experts warn that without the Western tech, progress towards full digitization of the oil industry is likely to...
Russia is ready to boost oil production within the OPEC+ oil production capping deal by more than 200,000 barrels daily in order to increase the OPEC+ production growth to 1 million bpd, Energy Minister Alexander Novak told reporters on Friday.
"For example, if this million is not reached, then we...
The Swedish Court of Appeals on Thursday ruled to uphold a suspension of an arbitration ruling that blocks attempts by Ukraine’s Naftogaz to seize Gazprom’s foreign assets in a long-running dispute over gas contracts, Reuters reported.
Earlier, the Court of Appeal temporarily suspended a Stockholm arbitration court’s ruling from February that...
The nuclear deal concluded between China and Russia earlier this month was another blow to America's declining global influence in the field of commercial nuclear energy, says James Grant, Junior Fellow at the American Foreign Policy Council (AFPC) in an article published by the Journal of Energy Security.
Russia and...
