Rosneft’s continuous rolling back of investments in refineries over the past couple of years means the state-owned oil giant has practically delayed its refinery upgrade program from 2020 to 2027, Kommersant business daily reported.
Other Russian top oil firms, such as Lukoil, Gazprom Neft, Gazprom, and Surgutneftegaz, have almost reached their targets, whereas...
French company Air Liquide said on Monday it would invest around 130 million euros ($152 million) in the construction of an industrial gases plant in Novokuznetsk, Russia.
The Russian subsidiary of the French industrial gas specialist announced last Thursday the signing of a long-term contract to supply oxygen, nitrogen, and argon to...
Oil fell on Monday and was headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing reviving output to ease consumer anxiety after prices jumped to levels last seen in 2014, CNBC reported.
Last week, Brent futures traded above $80 a...
Russia’s Gazprom has signed a protocol with the Turkish government on the land-based part of the transit leg of the TurkStream gas pipeline, the company has said.
According to the statement, Gazprom had also agreed with Turkish firm Botas to end an arbitration dispute over the terms of gas supplies...
The European Commission (EC) said on Thursday that it concluded a long-running antitrust investigation into Gazprom’s dominance in regional gas markets, by reaching a settlement with the Russian energy giant, TASS reported.
Officials in Brussels said the company had accepted a series of concessions, but unlike with competition inquiries...
Russian President Vladimir Putin told the head of French energy major Total on Friday that Moscow will consider the possibility of opening up Russia’s pipeline gas exports.
According to Reuters, Total’s CEO Patrick Pouyanne asked Putin during an economic forum in St Petersburg to allow a joint venture of Total...
A further spike in global oil prices can be prevented if Russia and OPEC’s leader Saudi Arabia act together, Russia’s top state investment official said on Friday, Reuters reported.
According to Kirill Dmitriev, the head of Russia’s sovereign wealth fund RDIF, joint coordinated action to drive down prices would make...
French energy giant Total agreed on Thursday to increase its role in liquefied natural gas projects in the Arctic with Russian firm Novatek, Vedomosti reported.
The deal will see Total take a 10 percent direct stake in Novatek's Arctic LNG 2 project on the Gydan Peninsula in the north of...
Тhe head of strategy at Russian pipemaker TMK Vladimir Shmatovich told CNBC Thursday that rising oil prices and higher U.S. production can only be beneficial to his company.
"The sector we're in is very dynamic now with the oil price at $70-plus for WTI (West Texas Intermediate), we're seeing very...
Russia needs guarantees from the European Commission and the Bulgarian government for laying a gas pipeline through the Balkan country, Russian Energy Minister Alexander Novak has said, according to Eurasia Daily.
“Bulgaria is showing interest in the gas transit passing through its territory, including considering the possibility of constructing a gas hub...
