Russia’s state-owned oil giant Rosneft paid $250 million to a mysterious external consultant to help secure deals in Iraqi Kurdistan, Bloomberg reports citing previously unreleased documents.
The papers shed new light on transactions that have strengthened Moscow’s presence in the Middle East, the news outlet writes.
The fee was linked to...
In a possible sign that Moscow is willing to bend when the world's biggest oil exporters gather this week in Vienna to discuss supply curbs, Russian President Vladimir Putin has called current oil price levels "acceptable”, Reuters reported.
The OPEC+ alliance between the Saudi Arabia-led Organization of Petroleum Exporting Countries...
The United Kingdom bought almost all of the gold Russia sold abroad last year, with overall sales jumping eight-fold to $5.7 billion, RBC reported.
According to customs data seen by the business news outlet, gold exports to Britain have grown more than 12 times in terms of value, to $5.33...
Russia is keen to enhance its economic relations with Namibia in mineral resources particularly uranium, Valentina Matvienko, chairperson of Russia’s Federation Council (upper house of parliament), has said, according to RIA Novosti.
Speaking at the State House of Namibia during her three-day working visit to the country last week, Matvienko...
Belarusian state-run holding Belneftekhim has confirmed that Russian company Safmar Group can supply 300,000 tons of oil, while UDS Neft can deliver 50,000 tons to Belarus in March, Reform.by reports.
"I confirm that Safmar Group can supply 300,000 tonnes of oil to Belarus in March and UDS Neft - 50,000...
Scottish engineering firm Plexus has sold another set of wellhead equipment to its licensee in Russia, the company said, according to Insider.
Local firm Gusar, which signed a licensing deal with Plexus in 2016, will use the wellhead with its gas exploration customers. The latest deal comes on the back...
French oil giant Total is interested in partnering with Russian companies to jointly develop petrochemical projects in southern Argentina, Sergey Derkach, the trade representative of Russia in Argentina, said on Tuesday, according to MBS News.
Earlier in February, the Russian trade representative met with the management of Total Austral, an...
The CEO of Sibur, Russia’s leading petrochemical company, told bneIntellinews+ that the giant won’t hold its highly anticipated IPO this year, or even next year, as profits were up but revenues were down on poor market conditions.
However, the shareholders remain committed to listing the company when the market conditions...
Russia continues to consult with its partners on the OPEC+ deal, and no decisions have been made so far, Russian Presidential Spokesman Dmitry Peskov told reporters, according to TASS.
Peskov was answering a question about whether Moscow has decided on its position on future steps in the framework of agreements...
Saudi Arabia’s energy minister said on Sunday his country is not looking to break with the global OPEC+ pact to cut oil output with other producers, The National writes.
Media reports last week suggested Saudi Arabia could go its own way to deepen cuts to counter the impact of the...
