Despite Russia’s war on Ukraine and its occupation of Crimea, Kyiv wants to keep Russian gas transit even after 2019 — the year Nord Stream 2 and TurkStream pipelines are due to be launched, The Kyiv Post reports.
In gas transit, Ukraine has only one customer: Russia. Kyiv risks losing...
Suhail al-Mazrouei, OPEC’s rotating president and energy minister of the United Arab Emirates, said this week the 14-member producers’ group is working on a plan for a formal alliance with ten other petro-states, including Russia, aimed at propping up oil prices for the foreseeable future, The Economist reported.
The proposal...
Ukraine imported about $369 million worth of nuclear fuel from Russia in 2017, down 4.6 percent year-on-year, local media reported Wednesday.
Ukraine reduced its nuclear fuel imports by 2.8 percent in total to about 533.4 million U.S. dollars, the Interfax-Ukraine news agency said, citing the data from the State Statistics Service.
Apart from...
Commodity trader Glencore plans to seal a deal to sell a 14% stake in Russia’s Rosneft oil company to the China Energy Company Limited (CEFC) by the end of the first half of 2018, RBC reports.
The Switzerland-based company owns 19.5% of Rosneft, along with the Qatar Investment Authority (QIA)...
Russia’s Rosneft oil and gas company has signed a contract on buying 5 billion cubic meters of gas from the nation’s energy giant Gazprom at a regulated price, several industry sources informed Kommersant.
The oil company needs gas to meet its obligations under long-term contracts. Initially, Rosneft planned to close...
A key issue that undid an earlier deal on a new German coalition government, may now create more political havoc – seven members of the German Parliament from across the political spectrum have called on the government to clarify its position on the politically contentious planned Nord Stream 2...
The head of Russia's $10 billion state investment fund has nothing but praise for Saudi Arabia, after a series of signed or announced economic deals underlined the improving relations between the two countries.
"We're at the breaking point in the positive territory of this relationship … We really embarked on...
If a ceasefire can be implemented in eastern Ukraine with the help of U.N. peacekeepers, Germany favors easing some sanctions imposed on Russia, Foreign Minister Sigmar Gabriel said on Saturday.
According to Reuters, he said it was “not realistic” to insist on full implementation of the Minsk peace accords...
Berlin does not believe the planned Nord Stream 2 gas pipeline between Russia and Germany poses a threat to energy diversification, Chancellor Angela Merkel said on Friday, adding that Germany and Poland have different views on the project.
The pipeline would connect Russia and Germany via the Baltic Sea, bypassing...
Gulf countries are increasingly interested in investing in Russian oil and gas companies in recent months, with several major deals concluded or planned, Moscow daily Kommersant reports.
According to several sources in the industry quoted by the newspaper, gas giant Gazpromneft has signed an agreement with the Russian Direct Investment...
