The Russian government will cut excise duties on gasoline and diesel fuel by 3,000 and 2,000 rubles ($48 and $32) per tonne respectively from June 1, TASS news agency reported citing an official who took part in a meeting with Deputy Prime Minister Dmitry Kozak where the idea was discussed.
At...
Ukraine’s national gas company Naftogaz said on Wednesday it had initiated the enforcement of a $2.6 billion damages claim awarded by the Stockholm arbitration court in a long-standing case against Russia’s gas giant Gazprom.
According to the Financial Times, the Ukrainian company announced that the process of enforcing the damages...
Russia could unwind the oil price-protection deal with OPEC and other producers and raise its output back to pre-cut levels within months if a decision is made, Reuters reported citing a Russian energy ministry official.
“Speaking about potential in the short run, growth potential (in Russia) is at least 300,000 bpd, which were cut...
Russian oil giant Lukoil’s plans to develop projects in Iran are put on hold due to the threat of U.S. sanctions, a company representative said on Tuesday, according to Neftegaz.ru.
Lukoil was interested in participating in the development of the Ab-Teymour and Mansouri fields in western Iran. The company, which is Russia’s...
Companies from Russia's Bashkortostan Republic, bordering Azerbaijan, could open oil equipment and caustic soda production facilities in the Caspian nation, local Trend news agency reports.
According to the government of the Russian region, members of the delegation from Bashkortostan recently discussed this issue with the Deputy Minister of Economy of Azerbaijan...
Russia and China have reportedly agreed to revive an old project for the construction of a massive coal power plant on the border between the two countries, RBC reported citing sources close to the project’s participants.
The Yerkovetskaya TPP, a $10 billion project, will be partly financed by Russia’s state-run development...
Polish Prime Minister Mateusz Morawiecki has said that Russia's planned natural-gas pipeline, Nord Stream 2, is a weapon of hybrid warfare that Moscow wants to use to undermine European energy security and the solidarity of the European Union and NATO, The News reports.
Speaking at a NATO Parliamentary Assembly meeting...
The Philippines Department of Energy is planning to import oil reserves from Russia and other non-member countries of the Organization of the Petroleum Exporting Countries (OPEC), to cushion the impact of rising global oil prices, CNN reported.
The plan came despite crude prices dropping this week. Reports had said Brent...
Gazprom Neft, the oil arm of Russia’s gas giant Gazprom, reported a rise by 12.5% in first-quarter net income year-on-year to 69.7 billion roubles ($1.1 billion), Reuters reported. The company attributed the rise to stronger oil prices, production and sales.
January - March sales grew by 14.5 percent from the...
