After two years of negotiations and over a half-century of aspirations, a landmark contract to build the first Egyptian nuclear plant was finalized in December. In 2014, President Abdel Fatah al-Sisi agreed with Russian President Vladimir Putin that Moscow would cooperate in building the plant.
A year later, on November...
Questions are being raised about the longevity of OPEC and Russian collective production cuts, after a surge of Brent crude prices over the last few weeks brought the price to $70.
“Top OPEC officials surely did not expect such a dramatic run-up in prices, at least not this early in...
Two Colorado uranium producers are asking Donald Trump to crack down on imports from Russia and central Asia in the name of U.S. national security, arguing the country has lost its ability to meet the needs of its nuclear weapons stockpile, naval vessels, and power plants.
In a petition filed...
Russia and Saudi Arabia are preparing to launch two major investment funds this year, a Saudi official has said.
According to Asharq al-Awsat, the first fund will support energy industries with an amount of $1 billion, while the second fund will be dedicated to technical development. A total of 25...
Ukraine will purchase gas from Russia this year after a two-year hiatus, while continuing gas supply from European countries, the CEO of the state-owned Naftogaz company Andriy Kobolev said at a press conference Wednesday.
"We plan to import gas from two directions. The price which Gazprom is now obliged to...
Oil giant BP, working closely with the British government, has been "side-stepping" sanctions introduced after the Russian annexation of Crimea, a new expose published Monday reveals.
According to advocacy and research group Oil Change International, the expose is based on documents acquired under British Freedom of Information laws by the...
The United States’ oil output, driven by surging shale production, could surpass 10 million barrels per day, toppling a record set in 1970, Reuters reports.
Still, the new record, expected within days, likely won’t last long. The U.S. government forecasts that the nation’s production will climb to 11 million barrels...
Specialists of the state-owned geology holding, Rosgeologiya, discovered in the Monchegorsk ore district (the Murmansk Region) promising nickel and platinum containing ores and recommend further studies there, the holding company's press service said, TASS reports.
"The prospecting work was done by the holding's branch in St. Petersburg's ("North-West PGO") under...
Russian gas giant Gazprom said this month it had completed record deliveries to Europe and Turkey in 2017 at a total of 193.9 billion cubic meters — 8 percent higher than its previous record, set in 2016.
This result meant not only a financial victory for the government-owned company, but...
The United States has been importing Russian gas from a liquefied natural gas plant in the Yamal Peninsula in recent weeks, a move that comes as a surprise having in mind the general U.S. policy toward Russian energy, Deutsche Welle reported.
The import from the Yamal megaproject plant, owned by...
